Algeria

Tunisia Negotiating New 10-Year Gas Supply Deal with Algeria
30/03/2020 08:12 GMT

Tunisia and Algeria are negotiating a new contract for the supply of gas to Tunisia for a period from 2020 to 2030, Minister of Energy, Mining and Energy Transition Mongi Marzouk said. The natural... More


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Bahrain

S&P Cuts Oman Rating, Trims Bahrain’s Outlook
30/03/2020 06:05 GMT

Rating agency S&P has lowered crude producer Oman’s sovereign ratings deeper into junk territory, citing external challenges, and changed the outlook for Bahrain’s ratings to stable from positive due... More


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Egypt

Enppi Announces Egypt, ME Investments in 2019
26/03/2020 08:46 GMT

The Engineering for the Petroleum and Process Industries (Enppi) has implemented projects worth EGP 13 billion (US$833.079 million) in Egypt and the Middle East during 2019, announced the chairman... More


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Iran

Iran's MOGPC Launches Gas Sweetening Plant
18/03/2020 10:33 GMT

The first phase of a gas sweetening project has been launched at industrial complex No. 3 of Maroun Oil and Gas Production Company (MOGPC). The unit is aimed at sweetening sour gas produced at Asmari... More


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Iraq

IFC Invests in Hospital in Erbil
30/03/2020 06:05 GMT

IFC, a member of the World Bank Group, is investing over US$26 million in a new 161-bed hospital in Erbil in the Kurdistan Region of Iraq. The facility will increase the availability of quality... More


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Kuwait

S&P Affirms Qatar Ratings Despite Weak Oil, Cuts Kuwait Govt. Rating
30/03/2020 06:05 GMT

S&P Global Ratings cut the rating of the government of Kuwait by one notch this week due to the economic and fiscal effects of lower oil prices, but affirmed those of Qatar citing the country's... More


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Libya

Monthly Revenue Plummets: Libya's NOC
29/03/2020 09:01 GMT

National Oil Corporation (NOC) reported February 2020 revenues of approximately US$555 million (US$555,533,750.97), a decrease of around US$1.21 billion (68.6%) on January 2020 revenues. The February... More


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Oman

S&P Cuts Oman Rating, Trims Bahrain’s Outlook
30/03/2020 06:05 GMT

Rating agency S&P has lowered crude producer Oman’s sovereign ratings deeper into junk territory, citing external challenges, and changed the outlook for Bahrain’s ratings to stable from positive due... More


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Qatar

CEO: Qatar Airways Will Keep Flying, But Cash Running Out
30/03/2020 08:17 GMT

Qatar Airways will continue to operate flights as long as necessary to get stranded travelers home, Chief Executive Akbar al-Baker told Reuters on Sunday, but warned that the carrier could soon run... More


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Saudi Arabia

Jeddah Locked Down over Coronavirus Concerns
30/03/2020 08:04 GMT

Saudi Arabia has shut down entry into and exit from Jeddah Governorate and advanced a curfew there to begin at 3pm (local time) on Sunday, due to the spread of Covid-19, the kingdom’s Interior... More


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UAE

Austria's OMV & UAE-Based Mubadala Amend Borealis Deal
30/03/2020 07:55 GMT

Vienna-based OMV, a global oil and gas company and Mubadala Investment, the Abu Dhabi-based investment company, have signed an amendment to the share purchase agreement for the acquisition of the... More


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Yemen

Saudi Group Launches Aden Rehabilitation Program
24/03/2020 09:47 GMT

Saudi Development and Reconstruction Program for Yemen (SDRPY) has launched a cleaning, beautification and environmental sanitation campaign that will see collection and removal of up to 9,000 cu m... More


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General News

World Happiness Report 2020: UAE 1st in GCC
30/03/2020 06:08 GMT

The UAE has been ranked the happiest country in the GCC, according to the World Happiness Report 2020. The report measures the indicators of happiness, well-being and quality of life, and it is the... More


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