Algeria

Algeria Plans to Cut Food & Fuel Subsidies to Curb Deficit
14/10/2021 08:03 GMT

Algeria plans to start reducing subsidies on food, fuel and electricity as the OPEC nation looks to cut billions of dollars in spending. A draft of the 2022 budget shows the government plans to move... More


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Bahrain

Minister Hails Bahrain’s Financial & Banking Sector
14/10/2021 05:23 GMT

Bahrain's Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa held a remote meeting with HSBC Bank Regional Chief Executive Officer for the Middle East and North Africa... More


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Egypt

Egypt & Greece to Ink Electricity Interconnection Deal
14/10/2021 12:06 GMT

Greece and Egypt will ink a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported. The deal, to be... More


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Iran

Iran Cuts November OSPs to Asia
14/10/2021 12:23 GMT

Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at US$1.10 above the Oman/Dubai average for November, down 35 cents from the previous month, an industry... More


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Iraq

Iraqi Govt. Interventions Prompt Improvement in Forex Reserves
14/10/2021 08:06 GMT

Despite recent tumultuous times and a weakening economy in Iraq, government is said to be implementing reforms that are aimed at reviving its ailing currency. Forex trading in Iraq While forex... More


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Kuwait

Kuwait's Al Safat Settles Debts
13/10/2021 09:50 GMT

Kuwait's Al Safat Investment Company has settled 60 million dinars (US$199.426 million) worth of debts with 5 different parties, chairman Abdulla Alterkait told CNBC Arabia. This is one of three... More


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Libya

Qatar’s Al-Kuwari Meets Libyan Finance Minister
11/10/2021 05:25 GMT

Minister of Commerce and Industry and Acting Minister of Finance Ali bin Ahmed al-Kuwari met with his counterpart Dr Khaled al-Mabrouk Abdullah al-Mabrouk, Minister of Finance of Libya during his... More


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Oman

JDA Signed for Salalah Free Zone Green Hydrogen & Green Ammonia Project
14/10/2021 10:17 GMT

An international consortium comprised of the alternative energy business unit of OQ, Marubeni Corporation, Linde and Dutco have signed a Joint Development Agreement (JDA) for the development of a... More


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Qatar

Qatar Central Bank Governor Meets UK Minister for International Trade
14/10/2021 08:03 GMT

Governor of Qatar Central Bank H E Sheikh Abdulla bin Saoud Al Thani met yesterday with the Minister for International Trade of the United Kingdom H E Ranil Jayawardena, who is currently visiting the... More


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Saudi Arabia

Saudi Industrial Development Fund Expands Activity
14/10/2021 12:35 GMT

The Saudi Industrial Development Fund launched a number of programs and initiatives on 13 October 2021 as part of its annual meeting to empower the private sector. The launch included a land, a... More


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UAE

UAE & S. Korea agree talks on trade deal
14/10/2021 12:21 GMT

The United Arab Emirates and South Korea on Thursday agreed to start talks on a bilateral trade deal they hope will expand economic opportunities, including cooperation on technology and climate... More


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Yemen

Oil Tanker Off Yemen's Coastline Could Sink or Explode
10/10/2021 05:15 GMT

An ailing, powerless oil tanker stationed off of Yemen's coast could explode or sink any day endanger the lives of at least eight million Yemenis, cause an environmental catastrophe, and cost the... More


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General News

OPEC Trims Oil Demand Outlook for 2021
14/10/2021 12:06 GMT

World oil demand is estimated to increase by 5.8 million barrels per day (mb/d) in 2021, according to oil cartel OPEC's monthly report. This outlook has been trimmed compared to its previous estimate... More


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