Algerian Qatari Steel to Start Up Melt Shop No.1 at Bellara
17/11/2019 02:53 GMT

Algerian Qatari Steel's works at Bellara in Algeria's Jijel province will start production at its melt shop No.1 on November 20, a company spokesperson told S&P Global Platts. AQS started testing on... More

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Investcorp Hosts Investors Conference in Bahrain
17/11/2019 03:08 GMT

Investcorp, a leading global provider and manager of alternative investment products, held its 2019 Investors Conference in Bahrain on the 13-14 November 2019, with over 250 investors attending from... More

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Eni Tests Gas Production from Egypt’s Zohr
14/11/2019 10:02 GMT

Italian company Eni has started testing the production of the 14th well in the Zohr gas field in the Mediterranean Sea, bringing the total capacity of the field to about 3.2 Bscf/d. A source in the... More

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Iran's CBI Governor Elaborates on Gasoline Price Hike Impact on Inflation
17/11/2019 02:53 GMT

Commenting on gasoline price hikes in a social media post, Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati, wrote on Friday that CBI analyss show that the impact of the price rise on... More

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UAE Funds Water Treatment Station in Mosul
17/11/2019 03:09 GMT

As part of the UAE’s efforts to restore stability in several cities in Iraq, the Al Qubba Water Treatment Plant was inaugurated in east Mosul, in cooperation with the local government and the United... More

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Kuwait Floats Tender to Upgrade Power Networks
14/11/2019 10:06 GMT

Assistant Undersecretary for Power Network Distribution at Kuwait's Ministry of Electricity and Water Eng Metleq Al-Utaibi has disclosed that the ministry floated two tenders for upgrading power... More

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Ukraine Imports 1st Ever Libyan Oil
17/11/2019 02:48 GMT

Libya's crude has found a rare home in Ukraine, as the Eastern European country seeks cheaper alternatives as values of some light sweet crudes soar. Ukraine relies heavily on Azerbaijan's Azeri... More

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Eni to Start Drilling in Omani Block in February
14/11/2019 11:11 GMT

ENI is set to drill a maiden well in Offshore Oman Block 52 next February. The Italian energy giant will be making its offshore debut in the Persian Gulf region in the field, a sprawling deepwater... More

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Minister: Venezuela to Explore Trade Opportunities with Qatar
17/11/2019 03:09 GMT

Venezuela’s Minister of Tourism & Foreign Trade, Felix Ramon Gonzalez, has stressed his country’s interest in exploring the potential of the Qatari market and the investment opportunities available... More

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Saudi Arabia

VHO Inks KSA Deal
14/11/2019 10:53 GMT

US-based Virgin Hyperloop One (VHO) recently signed a memorandum of understanding with Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) to in a project to develop the... More

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UAE Tops Region in Ease of Issuing Building Permits
17/11/2019 03:13 GMT

The UAE is ranked first in the Arab world and region, and third in the world, in easing the issuing of building permits, as per the World Bank's Doing Business 2020 report, said a top official. The... More

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Yemeni Firm Resumes Pumping to Oil Arabian Sea Terminal
16/10/2019 09:27 GMT

Yemen’s Safer oil company resumed pumping oil from its fields in Shabwa in southern Yemen to a terminal on the Arabian sea for export abroad, a company official told Reuters on Wednesday. Safer,... More

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General News

OPEC Crude Oil Production in October 2019
17/11/2019 03:13 GMT

According to OPEC monthly report in October 2019, the total OPEC crude oil production averaged 29.65 million barrels per day (bpd), lower by 943 tb/d m-o-m. Based on its latest monthly report... More

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