Algeria

Algerian President Orders Sonatrach Audit
14/07/2020 09:20 GMT

Algerian President Abdelmadjid Tebboune ordered the company be scrutinized, according to a statement released following the weekend’s cabinet meeting. The audit will consider Sonatrach’s actions,... More


More Algeria News

Bahrain

Bahraini KHCB Launches Open Banking Services Platform
14/07/2020 04:18 GMT

Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced that it is fully set to provide its open banking service to clients through its... More


More Bahrain News

Egypt

Saudi Telecom Co. Stalls Vodafone Egypt Acquisition Again
14/07/2020 04:15 GMT

The Saudi Telecom Company (STC), the Kingdom’s largest telecom company, said that it will need an additional two months to complete a deal to purchase a 55 % stake in Vodafone Egypt. In January, STC... More


More Egypt News

Iran

Iran Heavy Oil Price Rises
14/07/2020 09:17 GMT

The price of Iran's heavy crude oil has increased by US$2.75 to US$40.25 per barrel on the week ending 3 July as compared to the week ending 26 June which was US$37.5, a report said. This is while... More


More Iran News

Iraq

Minister: Iraq Pledges Compliance with OPEC+ Quota in August
14/07/2020 08:42 GMT

Iraq has pledged to reach 100% compliance with its OPEC+ quota in August and make up for overproduction in May and June, as OPEC's second largest producer continues to improve its adherence to... More


More Iraq News

Kuwait

Kuwait Slashes 5-Year Oil Project Budget
14/07/2020 08:30 GMT

OPEC member Kuwait has decided to chop 7 billion Kuwaiti dinars (US$27 billion) off the budget allocated for oil projects in the current five-year development plan due to the impact of coronavirus on... More


More Kuwait News

Libya

UAE Wants to See Return of Libya's Oil Output with Safeguards: Minister
14/07/2020 07:53 GMT

The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling further conflict in the north African... More


More Libya News

Oman

Oman Air & BankDhofar in Deal for Payment Solution
14/07/2020 09:15 GMT

BankDhofar joined hands with Oman Air to launch an E-commerce Payment Gateway platform. The initiative will enable Oman Air customers to process their air tickets booking online, using their debit... More


More Oman News

Qatar

Qatar Ups August Marine, Land Crude OSPs
14/07/2020 07:53 GMT

Qatar Petroleum has set the August official selling prices (OSP) for its Qatar Marine crude at US$1.35 a barrel above the average of Platts Oman and Dubai quotes, up 60 cents a barrel from the... More


More Qatar News

Saudi Arabia

Saudi RCJY, CWC to Host Global Petchem Talk
14/07/2020 07:06 GMT

The Royal Commission of Jubail and Yanbu (RCJY), in collaboration with CWC (a brand of Global Future Energy) is launching a global dialogue on the future of the petrochemical sector and its recovery... More


More Saudi Arabia News

UAE

UAE Wants to See Return of Libya's Oil Output with Safeguards: Minister
14/07/2020 07:53 GMT

The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling further conflict in the north African... More


More UAE News

Yemen

Yemeni Houthis Hit Saudi oil Facility in Drone, Missile Attack
14/07/2020 04:20 GMT

Yemeni Houthi forces hit a large oil facility in the southern Saudi Arabian city of Jizan in drone and missile attacks overnight, a Houthi military spokesman said on Monday. The Saudi-led coalition... More


More Yemen News

General News

Minister: Iraq Pledges Compliance with OPEC+ Quota in August
14/07/2020 08:42 GMT

Iraq has pledged to reach 100% compliance with its OPEC+ quota in August and make up for overproduction in May and June, as OPEC's second largest producer continues to improve its adherence to... More


More General News