Algeria

Made in Algeria Officially Launched
28/04/2015 08:25 GMT

Minister of Trade Amara Benyounes officially launched, Sunday in Algiers, the national campaign “Made in Algeria,” during a ceremony held in the presence of members of the government, the Central... More


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Bahrain

New Rules for REITs to List on Bahrain Bourse
28/04/2015 05:52 GMT

Real Estate Investment Trusts (REITs) wanting to list on the Bahrain Bourse (BHB) must have minimum asset value of US$20 million or its equivalent in another currency, it was announced. A statement... More


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Egypt

Avis Budget, Kanoo Travel Team Up in GCC & Egypt
28/04/2015 05:52 GMT

Avis Budget Group EMEA and Kanoo Travel have teamed up in GCC countries and Egypt to offer travelers a car rental solution. Under the agreement, Kanoo Travel will serve as the general sales agent... More


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Iran

Gas Consumption in Iran 3 Times Higher than World
28/04/2015 10:04 GMT

Energy consumption in Iran is unfortunately 3.3 times higher than the global average and 7 times more than energy consumption in Japan, Deputy Managing Director of the National Iranian Gas Company... More


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Iraq

Iraq Not Ready to Receive Iranian Gas Yet, NIGC Head
28/04/2015 04:41 GMT

Iran is ready to start Gas Exports to Iraq in Ordibehesht 1394 (21 April - 21 May 2015), however, Iraq is not ready to receive the gas, Managing Director of the National Iranian Gas Company (NIGC),... More


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Kuwait

GCC to Address FDI Impact in Kuwait
23/04/2015 08:46 GMT

The GOIC announced that the 15th Industrialists’ Conference titled “Foreign Direct Investments: Their Impact on GCC industries” will be held on Nov. 25-26, 2015 in Kuwait. The event is in... More


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Libya

Libyan Port Reopens after Guards End Strike
26/04/2015 10:35 GMT

Libya's eastern port of Hariga reopened after security guards ended a strike over salary payments, and a tanker has started lifting about 700,000 barrels of crude, an oil official said. The guards... More


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Oman

Gas Plant to be Commissioned in Oman
28/04/2015 08:29 GMT

A major oil and gas processing plant under development at Tibat in Oman’s Musandam Governorate is due to enter the commissioning phase in July ahead of commercial launch planned later in the... More


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Qatar

Qatari Customs Official, Indian Ambassador Meet
28/04/2015 07:59 GMT

Chairman of the General Authority of Customs Ahmed bin Ali Al Mohannadi met with HE India's Ambassador to Qatar Sanjiv Arora. During the meeting, they discussed aspects of cooperation between the... More


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Saudi Arabia

KSA Largest Islamic Banking Market Worldwide
28/04/2015 07:49 GMT

The Islamic banking industry in the Kingdom of Saudi Arabia (KSA) is set to achieve US$683 billion of Sharia-compliant assets by 2019, according to EY’s World Islamic Banking Competitiveness... More


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UAE

DEWA Unveils 2021 Strategy Roadmap for Dubai
28/04/2015 09:33 GMT

Dubai Electricity and Water Authority (DEWA) has launched its Strategy 2021 for Dubai, which focuses on several sectors such as seizing opportunities, meeting challenges, strategic drivers, goals and... More


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Yemen

US Oil Remains High on Escalating Yemen Violence
27/04/2015 07:38 GMT

US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and US-led air strikes targeted Islamic State militants in Syria, creating more tensions over the... More


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General News

IDB to Make Investment in Iran’s Ardebil Energy Project
28/04/2015 08:04 GMT

The Islamic Development Bank (IDB) will make an investment of US$45.5 million in Ardebil for establishment of three power plants with capacity of 230-kilowatt each. Managing Director of the Power... More


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