Algeria's Oil & Gas Exports Decline
22/07/2014 05:47 GMT

Algeria's trade surplus in the first half of 2014 fell to US$3.89 billion from US$4.83 billion a year earlier, mainly because energy earnings fell 2.30%, official data showed. Oil and gas exports,... More

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Sukuk Subscription in Bahrain Successful
22/07/2014 10:05 GMT

The monthly issue of Sukuk Al Salam Islamic securities floated to raise BD36 million (US$95.49 billion) has received subscription to the tune of 306%, the Central Bank of Bahrain announced. Carrying... More

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Ericsson Wins Egypt Contract
22/07/2014 09:16 GMT

Ericsson, a leader in communication technology and services, has won a contract from Egypt’s Ministry of Electricity to provide end-to-end telecom solutions and services for 180 electricity sites in... More

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EU to Suspend Series of Economic Sanctions against Iran
22/07/2014 10:25 GMT

The European Union has agreed to suspend until 24 November 2014 a series of economic sanctions against Iran over its nuclear energy program, the EU Council has announced. In a statement, the EU said... More

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Iran Eyes Increasing Exports to Iraq
21/07/2014 06:27 GMT

The Secretary of the Headquarters for the Economic Development of Iran-Iraq Relations, Rostam Ghassemi, underlined that Iran plans to increase the volume of its exports to neighboring Iraq. "Iran... More

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Decline in Kuwaiti Zain’s Q2 Profit
21/07/2014 10:14 GMT

Zain, a leading telecom operator in Kuwait, has reported a 2% decline in second-quarter net profit, matching analysts' estimates. The former monopoly, which operates in eight countries in the Middle... More

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Eni & Repsol Evacuate Expat Workers from Libya
21/07/2014 07:55 GMT

Oil giants Eni and Repsol have evacuated expatriates from Libya following escalating violence at Tripoli's airport, Libyan oil officials said over the weekend. The move by the country's two largest... More

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OOCEP Targets 1st Gas Extraction from Omani Block
22/07/2014 07:27 GMT

First gas from the gas-rich Abu Tubul tight gas field in Block 60 in central Oman is targeted during the third quarter of this year, according to Oman Oil Company Exploration & Production LLC... More

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SME Owners to be Supported by EQ-Doha Bank Deal
22/07/2014 10:06 GMT

Small and Medium-sized Enterprises (SMEs) development company Enterprise Qatar (EQ) and Doha Bank have signed a partnership agreement to further support entrepreneurs and SME owners. The agreement is... More

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Saudi Arabia

IMF: KSA’s Economy to Grow
22/07/2014 10:08 GMT

Saudi Arabia's economy is likely to grow 4.6% this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund (IMF) said. "Private... More

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New Obstacle against UAE's Etihad & Alitalia Deal
22/07/2014 10:12 GMT

Poste Italiane will only invest more money in Alitalia if it avoids taking on the airline's past liabilities, three sources close to the matter said; a condition likely to hamper a rescue deal with... More

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Yemen Wrestles towards Fuel Prices Overhaul
22/07/2014 06:34 GMT

The public mood is a big risk for the government as it tries to shore up its rickety finances. One of the poorest countries in the Arab world, Yemen's economy has always struggled, but political... More

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General News

New Middle East Official for Oxygen Appointed
22/07/2014 10:14 GMT

Oxygen, a leading secure mobility value-added-distributor (VAD) in the region, has appointed Rohan Daniel Nair as its new strategic marketing director for the Middle East and Africa (MEA) region. In... More

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