Algeria

KBR Grabs Algeria Deal
23/05/2019 04:08 GMT

KBR, a global provider of differentiated professional services, said it has been awarded a contract by Sonatrach and Cepsa to provide basic engineering design (BED) and front-end engineering design... More


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Bahrain

DHL Express Regional Hub to Remain in Bahrain for 10 More Years
23/05/2019 04:11 GMT

Bahrain is set to continue its growth as the Middle East and North Africa (MENA) regional hub for global logistics giant DHL Express, following a signing ceremony to extend its current lease with... More


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Egypt

Egypt Signs Power Interconnection Deal with Cyprus & Greece
23/05/2019 08:31 GMT

Egyptian Electricity Transmission Company on Wednesday signed a cooperation agreement with Cyprus’ Euro Africa Interconnector to connect the power grids of Egypt, Cyprus, and Greece through Crete,... More


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Iran

Iran to Set Up Financial Channel to Receive Export Revenues from Iraq
23/05/2019 08:29 GMT

Iran will launch a special financial channel to receive the revenues from exports to Iraq. Secretary General of the Iran-Iraq Joint Chamber of Commerce Hamid Hosseini made the remarks on Wednesday,... More


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Iraq

Iran to Set Up Financial Channel to Receive Export Revenues from Iraq
23/05/2019 08:29 GMT

Iran will launch a special financial channel to receive the revenues from exports to Iraq. Secretary General of the Iran-Iraq Joint Chamber of Commerce Hamid Hosseini made the remarks on Wednesday,... More


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Kuwait

Kuwait Foreign Petroleum Exploration Co. Subsidiary Inks Pakistan Deals
23/05/2019 07:48 GMT

Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) Pakistan subsidiary Kirthar Pakistan BV (KPBV) has signed petroleum exploration license and petroleum concession agreements for Makhad block in... More


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Libya

Libya's NOC Concerned about Theft & Lawlessness Affecting Oil Industry
22/05/2019 04:40 GMT

Libya's state oil firm NOC is concerned about the country's lawlessness affecting the oil industry, it said on Tuesday. Equipment and machinery had been stolen at the headquarters at the NAGECO... More


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Oman

Talal Abu-Ghazaleh Organization Establishes Companies in Duqm
23/05/2019 08:13 GMT

As part of its rapid expansion in the Oman market, Talal Abu-Ghazaleh Organization (TAG-Org) has established four new companies in Duqm to provide its services to investors and companies in the Duqm... More


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Qatar

Qatar Executive Announces Global Expansion at Geneva Event
23/05/2019 08:25 GMT

Qatar Executive, the private jet charter division of the Qatar Airways Group, is celebrating 10 years of success at EBACE with the announcement of plans to open new offices in Shanghai, Moscow, and... More


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Saudi Arabia

Saudi Stock Exchange Lists ACC on Main Market
23/05/2019 07:23 GMT

The Saudi Stock Exchange (Tadawul) and Arabian Centers Company (ACC), the largest owner and operator of shopping malls in the Kingdom, celebrated Wednesday the listing of ACC on the Main Market, in... More


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UAE

Dubai's DP World CEO Visits Brazil to Discuss FDI, Rules
23/05/2019 06:29 GMT

UAE's DP World Group chairman and CEO Sultan Ahmed bin Sulayem has held discussions with Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo on foreign direct investment and regulatory... More


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Yemen

Yemeni Houthis Launch Drone Attack on Saudi Airport
22/05/2019 05:57 GMT

Yemen’s Iran-aligned Houthi movement launched a drone attack on Saudi Arabia’s Najran airport, the group’s Al Masirah TV said early on Wednesday. It said it targeted hangars containing war planes.... More


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General News

ME Tensions Pose Challenge to Oil Market Stability: Iraqi Minister
23/05/2019 04:09 GMT

Growing tensions in the Middle East pose a challenge to the stability of global crude oil markets, Iraq’s oil minister said. He said that OPEC’s ministerial monitoring committee, known as the JMMC,... More


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