Algeria

Sharp Fall in Algeria’s Cereal Production
31/08/2016 04:53 GMT

The national cereal production experienced a significant drop due to low rainfall estimated at 33 million quintals for the 2015-2016 season against 40 million quintals last year according to an... More


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Bahrain

Aluminum Bahrain Awards New PDS Deal to Siemens
30/08/2016 05:35 GMT

Aluminum Bahrain (Alba), one of the world's leading aluminum smelters, has announced that it has awarded Siemens the power distribution system (PDS) contract for Power Station 5 (PS 5), as part of... More


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Egypt

Egyptian Parliament Approves VAT
30/08/2016 05:52 GMT

Egypt's parliament approved on Monday a long-awaited law introducing a value-added tax of 13%, rising to 14% in the next fiscal year, a key part of the government's plan to reform the economy and cut... More


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Iran

Iran's New Contracts to Alleviate Limitations on Financial Resources
31/08/2016 07:40 GMT

Deputy Managing Director of the National Iranian Oil Company (NIOC) Mohsen Paknejad stated that IPC is to alleviate limitations in financial resources and facilitate transfer of technology in... More


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Iraq

PM: Iraq Will Support OPEC Oil Production Freeze
31/08/2016 07:23 GMT

Iraq would support a decision by OPEC to freeze oil output to prop up prices, Iraqi Prime Minister Haider al-Abadi told a news conference in Baghdad on Tuesday. "We are with freezing production at... More


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Kuwait

GORD Pens MoU with Kuwait National Petroleum Co.
29/08/2016 09:04 GMT

Kuwait National Petroleum Company (KNPC) has signed a memorandum of understanding (MoU) with the Gulf Organization for Research and Development (GORD) to take significant steps in the areas of... More


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Libya

Libyan Oilfields to be Closed over Payment Delays
31/08/2016 06:52 GMT

A Libyan armed force controlling some of the country's southern oilfields will close two of them down because the government has not paid the funds needed to maintain security operations, a brigade... More


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Oman

PAEW Adopts BOO Model for Small Desalination Projects in Oman
31/08/2016 04:22 GMT

Oman's Public Authority for Electricity and Water (PAEW) says it will apply the Build-Own-Operate (BOO) model in the procurement of small desalination projects -- broadly mirroring the template that... More


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Qatar

Qatar Airways to Boost Riyadh Services
31/08/2016 04:55 GMT

Qatar Airways has announced that it will operate 20 flights per week to and from Riyadh starting 1 September 2016, increasing its services by more than 40%. Passengers travelling into and out of... More


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Saudi Arabia

Saudi Oil Export Revenues Decline
31/08/2016 07:17 GMT

Saudi Arabia exported nearly 1.89 billion barrels of crude oil in the first eight months of the current year with proceeds amounting to SR279 billion (US$74.43 billion), a drop of 27% compared to... More


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UAE

Pilot Scheme to Measure Greenhouse Gases in Dubai
31/08/2016 04:53 GMT

Dubai said a new world-recognized pilot program is on the ground in the emirate working to accurately measure carbon emissions to help officials build a healthier and sustainable green... More


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Yemen

Crude Production & Exports from Yemen’s Masila Fields Resume
14/08/2016 06:37 GMT

Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began more than 16 months ago, state news agency sabanew.net reported on Thursday. The agency,... More


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General News

PM: Iraq Will Support OPEC Oil Production Freeze
31/08/2016 07:23 GMT

Iraq would support a decision by OPEC to freeze oil output to prop up prices, Iraqi Prime Minister Haider al-Abadi told a news conference in Baghdad on Tuesday. "We are with freezing production at... More


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