Algeria

Boutarfa: Algeria & KSA Back Extension to Cuts
24/05/2017 07:59 GMT

Algerian Energy Minister Noureddine Boutarfa said on Tuesday that OPEC was discussing a possible nine-month extension to oil output cuts, with curbs kept at the same level as under the group's... More


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Bahrain

BHB: Bahrain Investment Market Attractive Option for Capital-Intensive Sectors
25/05/2017 10:23 GMT

The Bahrain Bourse (BHB) has highlighted how the Bahrain Investment Market (BIM), an equity market for growing business ventures in Bahrain and the wider MENA region, can improve the liquidity of... More


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Egypt

Egypt Rate Hike Seen Curbing Growth Drive, Not Inflation
23/05/2017 07:10 GMT

Egypt’s financial community says Sunday’s 2% interest rate hike, in line with calls from the International Monetary Fund (IMF), will do little to curb rampant inflation and will harm investment at a... More


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Iran

US Treasury Chief Says Reviewing Iran's Aircraft Licenses
25/05/2017 09:29 GMT

The US Treasury is reviewing licenses for Boeing Co and Airbus to sell aircraft to Iran, department head Steven Mnuchin said on Wednesday, telling lawmakers he would increase sanctions pressure on... More


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Iraq

Iraqi, Iranian Ministers Back OPEC Deal Extension for 9 Months
25/05/2017 07:29 GMT

The oil ministers of Iraq and Iran both told CNBC on Wednesday that they're ready to back a deal to extend OPEC-led production cuts through the first quarter of 2018. OPEC is meeting in Vienna to... More


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Kuwait

Swiss-Belhotel to Operate New Hotels in Kuwait
25/05/2017 08:29 GMT

Continuing its expansion in the GCC, Swiss-Belhotel International (SBI) has entered into a management agreement with Omniyat Real Estate to operate two new properties in Kuwait. Both... More


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Libya

Polish Company in Negotiations for Libya Return
14/05/2017 08:16 GMT

The head of Libya’s National Oil Corp. (NOC), Mustafa Sanalla, and chairman of the Polish Oil and Gas Co. (POGC), Filip Moczydlowski, met at the end of April to discuss POGC resuming its operations... More


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Oman

Oman’s 1st Sukuk program by Meethaq Opens for Subscription
25/05/2017 10:21 GMT

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched the Sultanate’s first Sukuk program. The maiden RO 25 million (US$35 million) issuance, open for subscription from May... More


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Qatar

Thousands of New Homes to Enter Qatar Market
24/05/2017 10:02 GMT

An estimated 5,800 new homes are set to enter the Qatar real estate market by year end, assuming minimum construction delays, according to a report. These include apartments in five buildings at... More


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Saudi Arabia

Saudi Falih: 9-Month Extension of OPEC Deal Will Do
25/05/2017 10:35 GMT

Oil prices whipsawed on Thursday morning as traders reacted to comments from OPEC delegates ahead of a widely anticipated extension of the OPEC-led production cut agreement. "Nine months with the... More


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UAE

UAE-Based Firm Bags Equatorial Guinea Oil Terminal Deal
25/05/2017 10:39 GMT

Work on the Bioko Oil Terminal in Equatorial Guinea is expected to gain momentum following the signing of an agreement between the Government of Equatorial Guinea and UAE-based Arabian Energy DMCC... More


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Yemen

Yemeni-Omani Businessmen Review Trade Ties
13/04/2017 08:43 GMT

Businessmen from Oman and Yemen discussed exchange of trade between two neighboring countries and sought to reap maximum benefits from available resources in both the countries and create a win-win... More


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General News

Saudi Falih: 9-Month Extension of OPEC Deal Will Do
25/05/2017 10:35 GMT

Oil prices whipsawed on Thursday morning as traders reacted to comments from OPEC delegates ahead of a widely anticipated extension of the OPEC-led production cut agreement. "Nine months with the... More


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