Algeria Ex-Industry Minister Detained in Graft Probe
17/07/2019 04:28 GMT

Algeria’s former industry minister has been placed in provisional detention on allegations of squandering public money, state television reported. Youcef Yousfi is the latest among a series of... More

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New Bahrain Petroleum Co. Chairman Named
18/07/2019 06:27 GMT

Oil Minister Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa last night issued a decree restructuring the board of Bahrain Petroleum Company (Bapco) naming Dr Dawood Nasif as its new chairman for a... More

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EU to Launch Energy Project in Egypt
18/07/2019 10:10 GMT

The European Union (EU) Delegation to Egypt will launch a new €20 million energy project soon, Ivan Surko, head of the EU Delegation, told Daily News Egypt on Tuesday, on the sidelines of a new round... More

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Iran Official Calls for Targeted Investment in Mining Industry’s Research Sector
18/07/2019 04:19 GMT

Great attention is required to be paid to attracting well-targeted and smart investments to tackle challenges faced by the research and technology sector in the domestic mining industry, said the... More

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US Energy Giant Nets Iraq Deal
18/07/2019 09:49 GMT

Iraq’s ministry of oil signed an agreement on Wednesday with US energy giant Honeywell to increase gas production at five oilfields in Basra to 600 Mscf. Thamir al-Ghadhban, Iraq’s oil minister,... More

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Kuwait Oil Company Awards Tender to KGL Logistics
16/07/2019 09:05 GMT

The Central Agency for Public Tenders (CAPT) has approved the Kuwait Oil Company (KOC) request to award KGL Logistics Company a KWD 12 million (US$39.6 million) contract for providing materials... More

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Libyan NOC Welcomes Haftar’s Stance
18/07/2019 09:51 GMT

The board of Libya’s state-run firm, National Oil Corporation (NOC), said that it welcomes Khalifa Haftar’s commitment to the legitimacy of NOC and its sole right to export Libyan oil in accordance... More

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Dumping Claim Rejected by Omani OCTAL
18/07/2019 04:16 GMT

Oman-based petrochemicals firm OCTAL, one of the world’s largest producers of polyethylene terephthalate (PET) sheet for the global packaging industry, has stoutly rejected claims it is “dumping” its... More

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Qatargas Sets Milestone, Delivers 3,000th LNG Cargo to Japan
18/07/2019 04:16 GMT

Qatargas has "successfully delivered" the 3,000th liquefied natural gas (LNG) cargo to Japan since the first ever Qatari shipment was made to Kawagoe LNG Receiving Terminal on January 10, 1997. The... More

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Saudi Arabia

Investment Opportunities Worth Billions of Dollars Launched by Saudi SEC
18/07/2019 07:54 GMT

The Saudi Electricity Company (SEC) enjoys a comprehensive industrial base, with self-sufficiency in many hardware products and services, the company said. Some of the locally made products that the... More

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Dubai's Damac Properties Buys Roberto Cavalli Brand
18/07/2019 10:12 GMT

International media outlets have reported that Dubai-based property developer Damac Properties has bought Italian fashion brand Roberto Cavalli. The investment company Vision Investment Co.LCC that... More

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UAE Opens Solar Water Pumping Station in Yemen
15/07/2019 07:36 GMT

The UAE has opened an integrated solar-powered water pumping station in the district of Naseeb in the Shabwa Governorate of Yemen. The unit will supply water to residents of Dar'aa and Mouriba areas... More

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General News

Mena Needs Investment in Power Spend Over 5 Years
18/07/2019 04:19 GMT

Over the next five years, the Middle East and North Africa (Mena) region will need to invest US$209 billion in the power sector, according to the latest Mena Power Investment Outlook 2019-2023 report... More

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