Algerian Firm in Talks with Foreign Partners for 5 Petchem Projects
08/12/2016 10:29 GMT

Sonatrach is currently conducting talks with various international technology partners for the achievement of 5 petrochemical joint ventures, national group CEO Amine Mazouzi said on Wednesday in... More

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Bahraini GPIC Takes Part in GPCA Exhibition in Dubai
08/12/2016 05:38 GMT

The stand of Bahrain's GPIC at the Eleventh Annual Forum of the GPCA in Dubai attracted several prominent visitors, who were give an overview of Company operations, high quality products and... More

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Algerian Minister on Working Visit to Egypt
08/12/2016 10:08 GMT

Minister of National Planning, Tourism and Craft Industry Abdelwahab Nouri will pay on Saturday and Sunday a working visit to Egypt at the invitation of his Egyptian counterpart Mohamed Yehia... More

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Shell Proved Unaffected by ISA Extension to Sign MoU with Iran’s NIOC
08/12/2016 10:31 GMT

Managing Director of the National Iranian Oil Company (NIOC) says Royal Dutch Shell’s signature of a cooperation document with the NIOC is an indication of the ineffectiveness of extension of the... More

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Kurdistan Regional Govt. Makes Payments to IOCs
07/12/2016 09:11 GMT

The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil export sales in September. Gulf Keystone Petroleum (GKP) has confirmed KRG paid US$15 million. A spokesperson said: “GKP... More

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Restart of oilfields Shared with KSA Will Some Take Time: Kuwait
08/12/2016 10:02 GMT

The resumption of oil production from oilfields jointly operated by Saudi Arabia and Kuwait will take time and may face obstacles, the chief executive of the Kuwait Oil Company (KOC) said on Tuesday.... More

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Libya Says Will Not Participate in Any OPEC Output Cut Deal
28/11/2016 04:40 GMT

Libya's National Oil Corporation (NOC) said on 26 November it would not take part in any OPEC production cuts for the "foreseeable future" as the North African country tries to bring crude output... More

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Govt. Stake in Oman Cement Transfers to OIF
08/12/2016 10:41 GMT

In its endeavor to increase the efficiency of state-owned firms, Oman’s Ministry of Finance transferred its majority stake in Oman Cement to Oman Investment Fund (OIF) on Wednesday. The transfer of... More

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Indian Firms to Get key Qatar World Cup Project Deals
08/12/2016 10:08 GMT

The Supreme Committee for Delivery & Legacy (SC) has signed a MoU with a leading Indian body of industry to boost the participation of Indian companies in 2022 FIFA World Cup Qatar 2022... More

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Saudi Arabia

Call for Joint Fund to Push Saudi-Jordan Trade
08/12/2016 10:14 GMT

A joint fund is needed to promote trade and investment between Saudi Arabia and Jordan, according to a top Saudi businessman. Hamdan Al-Samreen, chairman of the Council of Saudi Chambers (CSC), made... More

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Swisslog Wins Key UAE Automation Contract
08/12/2016 08:38 GMT

UAE-based Mai Dubai, a bottled drinking water company, has awarded a US$21 million contract to Swisslog for automation of its storage and distribution logistics at its logistics unit in Dubai.... More

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Petsec Acquires Remaining Interest in Yemeni Block from Kuwaiti Firm
16/11/2016 09:44 GMT

Petsec Energy has executed an agreement with Kuwait Foreign Petroleum Exploration Company (KUFPEC) to acquire their 25% working interest in Yemen Block 7 , Al Barqa Permit. The KUFPEC transaction... More

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General News

British Premier Keen on Better Economic Ties with GCC
08/12/2016 10:23 GMT

British Prime Minister Theresa May on Wednesday expressed her determination to further boost trade and investment between the UK and GCC states. “Your prosperity is also our prosperity,” she said in... More

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