Algerian Sonatrach to Lose Lebanon Fuel Contract Monopoly
06/08/2020 09:40 GMT

Lebanon has decided to diversify its oil suppliers from 2021 after main supplier, Algeria’s Sonatrach, was accused of providing the Middle East country with adulterated fuel. Lebanon Energy Minister... More

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Bahraini Bank Issues Sukuk
06/08/2020 08:57 GMT

Bahrain's Khaleeji Commercial Bank has successfully issued Sukuk worth US$159 million, subject to approvals from regulatory authorities and the extraordinary general meeting (EGM). Shareholders... More

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East Med Gas Tensions Ratchet Up Due to Greece-Egypt Deal
09/08/2020 09:32 GMT

Tensions in the gas-rich East Mediterranean continue to ratchet up following an agreement signed Aug. 6 between Greece and Egypt on the delimitation of the maritime zones between the two... More

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New Heads of CAO, Iran Air Appointed
10/08/2020 06:49 GMT

In a ceremony on Sunday attended by Iranian Minister of Roads and Urban Development Mohammad Eslami , the new heads of the country’s national airline (Iran Air) and also Civil Aviation Organization... More

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Iran-Iraq Trade Resumes At Shalamcheh Border
10/08/2020 06:22 GMT

The Deputy of Arvand Free Zone Organization for investment affairs said that according to Iraqi officials the international border of Shalamcheh, which was closed on Eid al-Adha, has been reopened on... More

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Shamal Az-Zour to List on Boursa Kuwait
09/08/2020 06:54 GMT

Shamal Az-Zour Al-Oula Power and Water Company announced today that it received approval to list on Boursa Kuwait’s Premier Market on August 16. It is the first power generation and water... More

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Libya's NOC Head Warns of Potential Disaster at Oil Ports
09/08/2020 09:58 GMT

The head of Libya's state-run National Oil Corp warned on 8 August 2020 that the presence of stored flammable commodities at the country's key oil export terminals risks a potentially worse disaster... More

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Mushroom Exports Source of Pride for Oman
10/08/2020 04:22 GMT

Oman’s flourishing agro sector includes the cultivation of mushrooms – a commercial activity dominated by a solitary Omani firm. Today, 90% of its mushroom production is exported overseas, and while... More

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Doha Bank Partners with Bank of Singapore for Wealth Solutions
06/08/2020 09:36 GMT

Doha Bank has underscored its relationship with Bank of Singapore, which it considers as a partner in offering wealth solutions to clients worldwide, during a recently-held webinar titled "Investment... More

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Saudi Arabia

Saudi Aramco Chief Sees Oil Demand Picking Up as Lockdowns Ease
10/08/2020 08:42 GMT

Saudi Aramco's Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns. "Look at China, their... More

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UAE's Taqa Names New Abu Dhabi Transco Chief
10/08/2020 06:49 GMT

Abu Dhabi National Energy Company(Taqa) has announced the appointment of Dr. Afif Saif Al Yafei as Chief Executive Officer (CEO) at its subsidiary, Abu Dhabi Transmission and Despatch Company... More

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Yemen's UNESCO-Listed Old Sanaa Houses Collapse in Heavy Rains
10/08/2020 08:47 GMT

Houses in Yemen’s UNESCO-listed Old City of Sanaa are collapsing under heavy rains, as months of floods and storms assail a country already reeling from war, food shortages and disease. Workers... More

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General News

GCC, Iraq Re-Affirm Full Compliance with OPEC+ Deal
09/08/2020 06:35 GMT

The oil ministers of the GCC bloc comprising the UAE, Saudi Arabia, Kuwait, Bahrain and Oman today joined Iraq in reaffirming their full commitment to the OPEC+ deal on curbing oil production in... More

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