Suspension of Red Meat Imports to Save Algeria Hundreds of Millions Per Year
26/01/2021 05:16 GMT

The suspension of red meat imports decided by the public authorities, since the 4th quarter of 2020, would help Algeria save more than US$200 million per year, a senior official at the Commerce... More

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Bahrain Authorizes Emergency Use of Oxford/AstraZeneca Vaccine
26/01/2021 06:43 GMT

Bahrain's National Health Regulatory Authority (NHRA) has approved the emergency use of the Oxford/AstraZeneca Covid-19 vaccine, manufactured by the Serum Institute of India under the name... More

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Egypt Aluminum Plans Upgrade
26/01/2021 07:35 GMT

The Egyptian Ministry of Public Business Sector is planning to upgrade Egypt Aluminum at an estimated cost of EGP 13 billion (US$828.062 million). The upgrade process includes introducing a new... More

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Official Lauds Iran's PGSR’s Role in Oil Derivatives Output
26/01/2021 08:34 GMT

Iran’s Deputy Minister of Oil for Refining and Distribution Affairs Alireza Sadeghabadi said on Monday that the Persian Gulf Star Gas Condensate Refinery (PGSR) plays a major role in making Iran... More

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Menzies Aviation Grabs Iraq Deal
25/01/2021 09:24 GMT

Menzies Aviation announced on Thursday that the Iraqi Civil Aviation Authority (ICAA) has awarded the exclusive contract for the delivery of a full suite of ground handling, cargo and fuelling... More

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Kuwait Ups Spending in New Budget, with Breakeven Price of US$90
26/01/2021 06:55 GMT

Kuwait on Jan. 25 unveiled a budget for its coming fiscal year with a breakeven crude price of US$90/b and significant deficit spending, with higher expenditures eating up a significant portion of... More

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Libya's Waha Oil Fields Resume Output after Pipeline Work
26/01/2021 06:50 GMT

Production from Libya's Waha oil fields has "gradually resumed" after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25. Around 200,000 b/d of Libya crude... More

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Esbaar Completes 1st Magnetic Survey of Oman's Liwa
26/01/2021 05:13 GMT

Esbaar, an Omani provider of Artificial Intelligence (AI) and Autonomous Systems, has completed its first magnetic survey of Liwa, Shinas, Mahdah and Samayil covering an area of over 1,000 km linear... More

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ENGIE Solutions Names GM of ENGIE Cofely Mannai in Qatar
25/01/2021 10:01 GMT

ENGIE Solutions, an international leader in sustainable energy services and facilities management, has appointed Abey Rajan as general manager of ENGIE Cofely Mannai in Qatar. Rajan will focus on... More

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Saudi Arabia

EoIs Invited for Madinah Hospitality, Retail Assets Development
26/01/2021 06:38 GMT

Madinah Municipality has invited expressions of interest from leading investors for the Central Area Plot Development Project in Al Naqaa neighborhood within the Saudi city on a BOT... More

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UAE’s Khalifa Port Pens Deal for Major Grain Facility
26/01/2021 06:45 GMT

Abu Dhabi Ports has inked a 50-year land lease agreement with Anchorage Investment, for the development of grain storage and processing plants at Khalifa Port, to be managed by National Feed, one of... More

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Saudi-Yemeni Collaboration Aims to Support Housing, Employment Sectors
17/01/2021 10:53 GMT

The Saudi Development and Reconstruction Program for Yemen (SDRPY) has signed a number of agreements with Alwaleed Philanthropies, the charitable organization set up by Prince Alwaleed bin Talal... More

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General News

Iraq to Cut Crude Output to Compensate for OPEC Breach
25/01/2021 09:07 GMT

Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s second-biggest producer... More

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