Algeria

Algeria’s Trade Deficit Cut in Half
21/06/2017 07:15 GMT

Algeria’s trade balance registered a deficit of US$3.97 billion from January to May, against US$8.71 billion in the same period of last year, a drop of 54.4%, according to data made public by the... More


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Bahrain

Bahrain's Batelco Adds 11 Global Networks to Roaming Packages
21/06/2017 06:15 GMT

Bahrain's leading digital communications services provider Batelco has added 11 new international networks to its data roaming packages to boost its services for customers ahead of the holiday... More


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Egypt

Social Spending Hiked to Ease Austerity Pain in Egypt
22/06/2017 03:59 GMT

Egypt’s budget for the next 12 months will include a 75 billion Egyptian pound (US$4.17 billion) social spending package, the Finance Ministry said, a day after President Abdel Fattah El-Sisi... More


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Iran

Iranian Oil Minister Blames US for Fall in Crude Prices
22/06/2017 04:41 GMT

Iranian Minister of Petroleum Bijan Zanganeh says that the unexpected rise in US crude oil output is the reason behind falling oil prices in the market. Speaking following a cabinet meeting, the... More


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Iraq

Iran Starts Exporting Gas to Iraq, Official Says
22/06/2017 04:06 GMT

Iran has begun Gas Exports to Iraq, an Iranian official told reporters, after several years of delays. The neighbors, both members of the Organization of the Petroleum Exporting Countries (OPEC),... More


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Kuwait

IBM, Zain Launch Cloud Recovery Service in Kuwait
22/06/2017 03:59 GMT

IBM and Zain, a top telecom company in Kuwait, have partnered to launch a new cloud disaster recovery service that will provide IBM and Zain’s enterprise customers with cloud-based business... More


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Libya

Libya's Oil Output Rises Following Wintershall Deal
20/06/2017 04:33 GMT

Libya's oil production has risen by over 50,000 bpd to 885,000 bpd after the state oil firm settled a dispute with Germany's Wintershall that had slashed production by some 160,000 bpd, a Libyan oil... More


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Oman

UAE's Damac Wins Oman Mixed-Use Waterfront Deal
22/06/2017 04:29 GMT

Damac International, a leading property developer in the region, said it has secured a major contract from Omani government to transform one of its key ports into a world-class, waterfront mixed-use... More


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Qatar

Qatar's QNB Sees Minimal Impact from GCC Standoff
22/06/2017 04:29 GMT

Qatar National Bank said it expects to meet its earnings targets as the ongoing Saudi-led campaign to ‘isolate’ the country has minimal impact on its operations. The Middle East’s largest lender by... More


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Saudi Arabia

Blockade on Qatar Risks Slowing Saudi Reforms, Raising Cost for GCC Debt
22/06/2017 04:26 GMT

The blockade imposed on Qatar by some of its regional neighbors is threatening to puncture investor appetite for the GCC region as a whole, translating into potentially higher debt costs for... More


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UAE

Indian Firm Wins Major UAE Solar Power Project
22/06/2017 04:29 GMT

India-based engineering firm Sterling and Wilson has won both the turnkey engineering, procurement and construction (EPC) and operation and maintenance contract for the world’s largest single... 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

From Middle East to Argentina, France's Total Oil & Gas Bets on Cheap Resources
22/06/2017 08:00 GMT

As the world witnesses spectacular growth in oil and gas production from the US shale deposits, the boss of French energy giant Total paradoxically says this is one area where he doesn't want to... More


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