Algeria

Jordan & Algeria Pen Agreements to Promote Bilateral Ties
18/01/2018 10:14 GMT

Jordan and Algeria, on Wednesday signed the minutes of the eighth session of Joint Jordanian-Algerian Committee, in addition to seven agreements of cooperation in the fields of industry, mining,... More


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Bahrain

5th Series World Energy & Environment Conference & Expo 2018 Opens in Bahrain
18/01/2018 10:04 GMT

The 5th Series World Energy and Environment Conference and Exhibition 2018 opened on 16 January at the Sofitel Zallaq Thalassa Spa and Sea Hotel. His Majesty the King’s Personal Representative,... More


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Egypt

Japanese, Emirati Firms to Invest in Egypt Wind Parks
18/01/2018 06:47 GMT

Three companies including Japan’s Marubeni and Abu Dhabi Future Energy Co, also known as Masdar, teamed up to invest about US$900 million in Egyptian wind parks. Egypt’s ElSewedy Electric is also... More


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Iran

Iranian President Urges Stronger Banking Ties with Iraq
18/01/2018 10:02 GMT

Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on... More


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Iraq

Iranian President Urges Stronger Banking Ties with Iraq
18/01/2018 10:02 GMT

Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on... More


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Kuwait

No Plan So Far to Exit OPEC Cuts: Kuwaiti Oil Minister
18/01/2018 07:46 GMT

Kuwait's oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. "The... More


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Libya

BP & Shell Agree to New Libya Deals
18/01/2018 10:02 GMT

BP and Shell have agreed to new deals to buy crude from Libya, according to a Bloomberg report. Shell’s deal is the first of its kind since 2013 and the company will load its first cargo under the... More


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Oman

1st EV Charging Station in Oman to be Inaugurated
18/01/2018 09:50 GMT

The first electric vehicle charging station in the Sultanate of Oman will be formally inaugurated at Sultan Qaboos University on Sunday, January 21, 2018, in cooperation with the Sustainable Energy... More


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Qatar

Qatar’s ASTAD & Yuksel Proje Pen MoU
18/01/2018 07:40 GMT

ASTAD recently signed a Memorandum of Understanding (MOU) with Yuksel Proje, Turkey’s largest engineering consultancy, to identify mutual business opportunities in engineering, construction... More


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Saudi Arabia

Yemeni Rial Appreciates after Saudi Deposit
18/01/2018 10:19 GMT

The Yemeni currency rial appreciated about 15% against the US dollar on Wednesday after the announcement by the Kingdom US$2 billion will be deposited in the central bank of Yemen. Meanwhile, the... More


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UAE

Damac Properties Founder Ready to Sell 15% Stake at Dubai Developer
18/01/2018 09:10 GMT

Hussein Sajwani, the Dubai billionaire with links to US President Donald Trump, said Wednesday he was ready to sell 15 % of his stake at real estate giant Damac Properties. Established by Sajwani in... More


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Yemen

Yemeni Rial Appreciates after Saudi Deposit
18/01/2018 10:19 GMT

The Yemeni currency rial appreciated about 15% against the US dollar on Wednesday after the announcement by the Kingdom US$2 billion will be deposited in the central bank of Yemen. Meanwhile, the... More


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General News

No Plan So Far to Exit OPEC Cuts: Kuwaiti Oil Minister
18/01/2018 07:46 GMT

Kuwait's oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. "The... More


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