Suspension of Red Meat Imports to Save Algeria Hundreds of Millions Per Year
26/01/2021 05:16 GMT

The suspension of red meat imports decided by the public authorities, since the 4th quarter of 2020, would help Algeria save more than US$200 million per year, a senior official at the Commerce... More

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Bahrain Authorizes Emergency Use of Oxford/AstraZeneca Vaccine
26/01/2021 06:43 GMT

Bahrain's National Health Regulatory Authority (NHRA) has approved the emergency use of the Oxford/AstraZeneca Covid-19 vaccine, manufactured by the Serum Institute of India under the name... More

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Egypt Aluminum Plans Upgrade
26/01/2021 07:35 GMT

The Egyptian Ministry of Public Business Sector is planning to upgrade Egypt Aluminum at an estimated cost of EGP 13 billion (US$828.062 million). The upgrade process includes introducing a new... More

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Iranian Oil Firms, RIPI Pen MoUs
26/01/2021 09:42 GMT

The Oil Industry Engineering and Construction Company (OIED), the National Iranian South Oil Company (NISOC), and Tadbir Petroenergy Spadana Arvand singed MoUs with the Research Institute of... More

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Revenues at Iraqi Port Fly Amid Anti-Corruption Measure
26/01/2021 10:44 GMT

Iraq’s key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase in 2020 despite fallout from the COVID-19 pandemic. Plans for the... More

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Kuwait Ups Spending in New Budget, with Breakeven Price of US$90
26/01/2021 06:55 GMT

Kuwait on Jan. 25 unveiled a budget for its coming fiscal year with a breakeven crude price of US$90/b and significant deficit spending, with higher expenditures eating up a significant portion of... More

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Libya's Waha Oil Fields Resume Output after Pipeline Work
26/01/2021 06:50 GMT

Production from Libya's Waha oil fields has "gradually resumed" after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25. Around 200,000 b/d of Libya crude... More

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Oman LNG & UTAS Sign Deal
26/01/2021 10:12 GMT

Oman LNG signed an agreement with the University of Technology and Applied Sciences (UTAS) to support the provision of certified training opportunities for 200 instructors and students on... More

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ENGIE Solutions Names GM of ENGIE Cofely Mannai in Qatar
25/01/2021 10:01 GMT

ENGIE Solutions, an international leader in sustainable energy services and facilities management, has appointed Abey Rajan as general manager of ENGIE Cofely Mannai in Qatar. Rajan will focus on... More

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Saudi Arabia

Saudi Arabia Eyes New Methods of Oil, Gas Exploitation
26/01/2021 09:42 GMT

Saudi Arabia is planning to introduce new ways of oil and gas exploitation, Minister of Energy Prince Abdulaziz bin Salman said, during a ceremony to launch the energy ministry’s new identity today,... More

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UAE’s Khalifa Port Pens Deal for Major Grain Facility
26/01/2021 06:45 GMT

Abu Dhabi Ports has inked a 50-year land lease agreement with Anchorage Investment, for the development of grain storage and processing plants at Khalifa Port, to be managed by National Feed, one of... More

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Saudi-Yemeni Collaboration Aims to Support Housing, Employment Sectors
17/01/2021 10:53 GMT

The Saudi Development and Reconstruction Program for Yemen (SDRPY) has signed a number of agreements with Alwaleed Philanthropies, the charitable organization set up by Prince Alwaleed bin Talal... More

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General News

Oil Dips on Signs of Weaker Demand Market
26/01/2021 10:10 GMT

Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. Brent crude futures for March fell 8 cents, or 0.1%, to... More

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