18/07/2018 04:09 GMT
Morocco’s National Office for E Electricity and Drinking Water (ONEE) and Algerian electricity and gas company Sonelgaz have signed an agreement to provide Tunisia with electricity. Algerian...
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18/07/2018 04:09 GMT
Kuwait Finance House (KFH) has invited Bahrain’s Ahli United Bank (AUB) to sign a memorandum of understanding and non-disclosure agreement to pursue strategic opportunities for global growth and...
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18/07/2018 05:17 GMT
Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds (US$11.1 billion), the state news agency said on Tuesday (17 July).
Former Public Enterprise Minister Khaled...
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18/07/2018 05:44 GMT
A high-level delegation from the US today (17 July) held crucial talks with Foreign Secretary Vijay Gokhale over the US sanctions on import of Iranian oil+ amid indications that Washington may offer...
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18/07/2018 04:46 GMT
DNO has announced a two-thirds increase in production from the Peshkabir field in the Tawke Oil Field license in the Kurdistan region of Iraq to 25,000 barrels of oil per day (bopd) following...
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18/07/2018 04:15 GMT
Saudi Arabia and Kuwait are making headway towards a political agreement on restarting two shuttered oil fields in the Partitioned Neutral Zone as soon as December, according to sources familiar with...
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18/07/2018 04:32 GMT
Libya's National Oil Corporation (NOC) said on Tuesday it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day...
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18/07/2018 04:24 GMT
A keenly hoped-for expansion of the ammonia-urea plant of Oman-India Fertilizer Company (OMIFCO) in Sur — a signature bilateral investment by the two countries — will have beneficial implications for...
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15/07/2018 09:30 GMT
Nakilat has recorded a net profit of QR445 million (US$122.2 million) for the first half of the year ended 30 June 2018, an increase of 9%, compared to QR409 million (US$112.3 million) posted during...
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18/07/2018 04:15 GMT
Saudi Arabia and Kuwait are making headway towards a political agreement on restarting two shuttered oil fields in the Partitioned Neutral Zone as soon as December, according to sources familiar with...
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18/07/2018 04:08 GMT
Abraaj Group’s provisional liquidator prefers a lower offer from Cerberus Capital Management LP for assets of the embattled Dubai-based private equity firm over a rival bid from Colony Capital Inc,...
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20/06/2018 07:16 GMT
The Iran-aligned Houthi movement in Yemen said it launched a missile targeting a facility of oil firm Aramco in Asir in southwestern Saudi Arabia, Houthi-run media al-Masirah TV and SABA reported on...
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17/07/2018 07:39 GMT
After touching a 40-month high just two weeks ago, oil has fallen by more than 10% as global trade anxiety combined with a Saudi offer of added crude for Asia to boost market volatility.
Futures in...
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