Algeria

Sharp Fall in Algeria’s Trade Deficit
24/07/2017 09:08 GMT

Algeria posted a trade deficit of US$4.84 billion in the first half of 2017, down 54.1% from a year earlier, due to better energy earnings, but its imports bill remained high despite restrictions,... More


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Bahrain

Bahraini Ministers Discuss Renewable Energy Developmental Projects
25/07/2017 08:45 GMT

Electricity and Water Affairs Minister Dr. Abdulhussain Mirza met Labor and Social Development Minister Jameel Humaidan to examine the future plan for joint work between the Sustainable Energy Unit... More


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Egypt

PharmaPlast Plans New Plant in Egypt
24/07/2017 08:20 GMT

Egypt-based PharmaPlast, a pharmaceutical company operating in Alexandria’s general free zone, recently announced its plans to establish a new factory in the Industrial Borg El-Arab City in 2018,... More


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Iran

MAPNA in Talks with Indonesia's Pertamina on 2 Iranian Fields
25/07/2017 09:39 GMT

Managing Director of MAPNA Abbas Aliabadi announced that at the same time with the beginning of studies on the provision of a master plan for Mansouri-Bangestan Field and AB-Teymour Field,... More


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Iraq

Iraq Container Terminal Receives Largest Vessel
25/07/2017 06:04 GMT

Gulftainer’s Iraq Container Terminal (ICT) facility recently received the largest container vessel to call at Iraqi ports to date. The vessel, YM Wealth, is deployed by Taiwan-based shipping line... More


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Kuwait

Kuwaiti Alshaya Pens Franchise Deal with US Firm
24/07/2017 03:54 GMT

MH Alshaya, a top retail franchise operator in Kuwait, has signed an agreement with US-based Blaze Fast-Fire'd Pizza, a leading fast-casual artisanal pizza chain, to build and operate multiple Blaze... More


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Libya

Novak: OPEC, Non-OPEC to Discuss Situation in Libya & Nigeria
24/07/2017 08:49 GMT

Oil exporters are set to meet in Russia on Monday to monitor compliance with production cuts as the focus turns toward output from Africa. Key OPEC and non-OPEC oil nations will discuss the situation... More


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Oman

Omani NBC Pens Deals with Consultancy Start-Ups
25/07/2017 08:39 GMT

Oman's National Business Center (NBC), which is part of the Public Establishment for Industrial Estates (PEIE), has signed incubation deals with Muscat Statistical Consulting and Fourth Domain for... More


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Qatar

Qatar National Bank Commences Operations in India
24/07/2017 08:57 GMT

Doha-based Qatar National Bank (QNB Group) has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India. The start of the Group’s operations in the Republic... More


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Saudi Arabia

Oil Price Ups as KSA Vows to Cap Exports in August
25/07/2017 08:29 GMT

Oil rose on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed the rebalancing of global supply and demand. Saudi Energy Minister Khalid... More


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UAE

Accenture to Provide Digital Experience at Expo Dubai
25/07/2017 08:11 GMT

Expo 2020 Dubai is teaming up with leading global professional services company Accenture to create a powerful and engaging digital experience for millions of visitors from around the world. The deal... More


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Yemen

ICD & TIIB Enter into Partnership to Support BRAVE Project in Yemen
14/06/2017 08:21 GMT

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IDB Group, and Tadhamon International Islamic Bank (TIIB) (www.TIIB.com) have... More


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General News

Oil Price Ups as KSA Vows to Cap Exports in August
25/07/2017 08:29 GMT

Oil rose on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed the rebalancing of global supply and demand. Saudi Energy Minister Khalid... More


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