Algeria

Trade Minister Presents Bill on Foreign Trade at Algeria's Upper House
02/07/2015 09:35 GMT

The bill on import and export operations was presented Wednesday at the Council of the Nation (Upper House) by the Trade Minister Amara Benyounes, during a plenary session chaired by Speaker of the... More


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Bahrain

Bahrain-Based Investcorp Changes Take Effect
02/07/2015 09:26 GMT

Manama: Bahrain-based alternative investment manager Investcorp announced the long planned changes to its executive management came into effect. This marks the culmination of a carefully planned... More


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Egypt

Building Energy Bags Egypt Solar Deal
30/06/2015 04:52 GMT

Italy’s Building Energy, a leader in renewable power, has signed an agreement worth US$200 million to build two 50 MW photovoltaic plants in Egypt. The project was awarded by the New and Renewable... More


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Iran

Oil Price Up after Iran-P5+1 Talks Deadline Extended
02/07/2015 10:10 GMT

The Wall Street Journal Tuesday reported on the rise in oil prices at international markets subsequent to the extended deadline for nuclear talks between Iran and P5+1 world powers until July... More


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Iraq

Oil Exports by Iraq at Record High
02/07/2015 08:55 GMT

June oil exports from Iraq hit a record average of 3.187 million bpd, up from 3.145 million bpd in May. An average of 3.02 million bpd was exported from the Southern terminals (up from 2.69 million... More


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Kuwait

Kuwait Might Not Go Ahead with China Refinery Project
02/07/2015 09:14 GMT

Kuwait's oil minister said on Wednesday that proceeding with a refinery project with China would depend on how it would benefit his country. "We are not ready to go ahead with the China refinery... More


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Libya

Official: Libya's AGOCO Production Ongoing
01/07/2015 04:16 GMT

Libyan oil company AGOCO is producing 250,000 to 290,000 barrels per day (bpd) with a tanker loading 1 million barrels of crude at the oil port of Hariga, a spokesman said. Production and exports... More


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Oman

Omani Banks Pen MoU on Merger
02/07/2015 09:45 GMT

BankDhofar and Bank Sohar said yesterday they entered into a non-binding memorandum of understanding as part of the lenders’ proposed merger. In separate statements, the banks said, “both the parties... More


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Qatar

Qatar in Agreement to Set Up AIIB in China
02/07/2015 09:24 GMT

The Ministry of Finance has signed the contract agreement for setting up the Asian Infrastructure Investment Bank (AIIB) in the Chinese capital, Beijing, during the first general assembly to be held... More


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Saudi Arabia

US Shale Producers under Pressure from KSA: Shell CEO
02/07/2015 09:20 GMT

OPEC's decision, led by Saudi Arabia, to not cut oil production has put pressure on US shale gas producers which in turn has put brakes on America's energy boom, the chief executive of Royal Dutch... More


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UAE

UAE's ADNOC Reopens 1st Service Station after ENOC Deal
02/07/2015 09:11 GMT

ADNOC Distribution on Wednesday announced the reopening of Al Dar service station on Al Ittihad Road in Sharjah, its first refurbished facility to become operational under the transfer of assets... More


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Yemen

Surging Water Price Hits Yemen
30/06/2015 04:52 GMT

The price of water is rising steeply in Yemen, which may run out of water for its 25 million people, experts say, adding to the misery caused by Arab air strikes and the civil war ravaging one of the... More


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General News

CRA Sets Price Ceilings for GCC Mobile Roaming
02/07/2015 04:33 GMT

The Communication Regulatory Authority (CRA) is putting in place the necessary regulatory instruments to ensure the effective implementation of the decision by the GCC Ministerial Committee for Post,... More


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