Algeria

Algeria's Auto Imports Fall
28/03/2017 04:44 GMT

Algeria's car import bill cars totaled US$158.67 million in January and February 2017, against US$243.04 million during the same period in 2016, down by 34.71%, the Algerian Customs' National Centre... More


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Bahrain

Bahrain Launches Innovative Investment Market
27/03/2017 09:22 GMT

Bahrain Bourse (BHB) held an official bell-ringing ceremony on March 26 at the bourse to inaugurate the Bahrain Investment Market (BIM), an innovative equity market designed specifically to offer the... More


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Egypt

BP Makes Gas Discovery in Egypt
27/03/2017 05:19 GMT

BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday. The Qattameya Shallow-1 exploration well was drilled to a... More


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Iran

Production Starts from Iran's South Pars Field
20/03/2017 05:48 GMT

Oil wells at Iran's South Pars gas field ( South Pars Oil Layer ) started production for the first time on Sunday (19 March 2017), Iranian oil ministry news agency SHANA reported. South Pars is a... More


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Iraq

Last Chance to Register for Iraq Britain Business Council's Networking Event
28/03/2017 08:34 GMT

The Iraq Britain Business Council (IBBC)‘s Spring Conference & Networking Event in London is just days away, but you still have a chance to meet more than 150 key stakeholders, business partners and... More


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Kuwait

Kuwaiti Minister Sees US$50-US$55 Oil Price Suitable
28/03/2017 05:17 GMT

Oil at US$50 to US$55 a barrel would put producers in a “good position” with stockpiles expected to fall later this year, according to Kuwait’s Oil Minister Issam Almarzooq. “I think if we can... More


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Libya

Libya's NOC Challenges Energy Sector Decree
28/03/2017 06:25 GMT

Libya's National Oil Corporation (NOC) said on Monday it had asked the UN-backed government in Tripoli to withdraw a resolution that seeks to allocate powers over the oil sector. The leadership of... More


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Oman

Oman-Based Poultry Producer to Raise Production Capacity
28/03/2017 04:44 GMT

Oman-based A'Saffa Foods, a leading poultry and processed food producer, said its board of directors has approved an expansion plan to raise chicken meat production capacity by 100%. The total... More


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Qatar

Qatari Ooredoo, Ericsson Ink Network Transformation Agreement
28/03/2017 08:38 GMT

Ooredoo Group signed a new network transformation agreement with Ericsson at the Mobile World Congress in Barcelona that will enable it to extend its competitive advantage by leveraging its global... More


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Saudi Arabia

Oracle Holds Conference on VAT in Riyadh
28/03/2017 07:10 GMT

Introduction of VAT is new to Saudi Arabia and the GCC states. It is important for companies to make preparations in terms of gearing up the accounting systems to integrate VAT. With just about 9... More


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UAE

Amazon Reaches Deal to Buy UAE's Emaar Malls Souq.Com
28/03/2017 09:33 GMT

Amazon, a global e-commerce leader, announced that it has reached an agreement to acquire Souq.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable Souq.com to continue... More


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Yemen

Equipment Ordered to Restart Oilfield in Yemen: Petsec
15/03/2017 05:43 GMT

Petsec Energy has announced the execution of a contract for the manufacture and delivery of oil tanker loading equipment to be installed at the An Nagyah Central Processing Facility (CPF) within the... More


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General News

IDB Okays Funds for Member Countries’ Development
28/03/2017 06:14 GMT

Members of the Board of Executive Directors of the Islamic Development Bank (IDB), in their 318th meeting which convened in Madinah Al Munawarah, approved allocation of US$714.7 million worth of... More


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