Algeria

Dinar Depreciation Sparks Fresh Wave of Algeria Unrest
13/05/2021 10:19 GMT

Falling oil revenues, unemployment, inflation, falling purchasing power... Anger is growing among Algeria’s population, which is calling for more strikes and demonstrations against its government. On... More


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Bahrain

Kuwait Finance House – Bahrain & Eskan Bank Renew Danaat Al Baraka Agreement
16/05/2021 09:11 GMT

Kuwait Finance House – Bahrain has announced the signing of a Memorandum of Understanding (MoU) with Eskan Bank to provide financing to customers who wish to own their dream home in “Danaat Al... More


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Egypt

Suez Canal Starts Dredging Work to Extend Double Lane
16/05/2021 06:50 GMT

The Suez Canal Authority (SCA) has started dredging work to extend a second lane that allows for two-way traffic in a southern section of the canal near to where a giant container ship got stuck for... More


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Iran

Iranian MP Forecasts 2021-22 Budget Deficit
16/05/2021 09:23 GMT

Chairman of Majlis Economic Commission Mohammad Reza Pour-Ebrahimi forecasted the 1400 (March 2021-22) budget deficit at IRR 3,500,000 billion (~US$15.1 billion). He elaborated on saying that Iran's... More


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Iraq

Iran Asks Saudi Arabia to Help Sell Its Oil in Iraq Talks
16/05/2021 04:36 GMT

Iran has asked Saudi Arabia to help sell its oil and circumvent US sanctions in exchange for limiting Houthi attacks on the kingdom’s oil facilities, Iraqi officials familiar with negotiations taking... More


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Kuwait

Kuwait Finance House – Bahrain & Eskan Bank Renew Danaat Al Baraka Agreement
16/05/2021 09:11 GMT

Kuwait Finance House – Bahrain has announced the signing of a Memorandum of Understanding (MoU) with Eskan Bank to provide financing to customers who wish to own their dream home in “Danaat Al... More


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Libya

Libya Self-Reports April Oil Production to OPEC
13/05/2021 04:27 GMT

Libya pumped 1.168 million b/d of crude in April, the North African producer revealed to OPEC in the producer group's latest monthly oil market report. April crude production slid by 115,000 b/d... More


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Oman

New Launch Dates Set for Oman’s Manah Solar I & II Power Projects
16/05/2021 09:33 GMT

The Omani government’s plans for the procurement of two major utility-scale solar powered projects in the interior of the country are still on track, although implementation and commercial operation... More


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Qatar

QICCA Official: Qatar Seen as Leading Arbitration Hub
16/05/2021 08:45 GMT

Following a series of milestones amid the Covid-19 pandemic in 2020, Qatar is poised to become a leading arbitration hub, according to an official with the Qatar International Center for Conciliation... More


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Saudi Arabia

Saudi Sabic Unveils Thermoplastic Solution for EV Battery
16/05/2021 06:03 GMT

Sabic has developed a plastic-intensive electric vehicle (EV) battery pack concept using a systems-engineering approach, underscoring the value of lightweight plastics to address critical industry... More


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UAE

UAE & Seychelles create travel corridor for vaccinated travelers
16/05/2021 07:48 GMT

The UAE and the Seychelles said that vaccinated people can travel freely between the two countries following the mutual recognition of vaccine certificates issued by their respective authorities.... More


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Yemen

Flood Heavily Damages Yemen
06/05/2021 09:27 GMT

Torrential rains and flash flooding in Yemen have left several people dead and caused large-scale damage to homes and infrastructure, the UN says. Thousands of families have been affected by the... More


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General News

Dubai Hub Private Jet Traffic Quadruples as GCC High Fliers Return to Travel
16/05/2021 04:44 GMT

Private jet traffic at one Dubai airport more than quadrupled in the first quarter as the sector rebounds strongly amid reduced commercial airline capacity. The Mohammed bin Rashid Aerospace Hub in... More


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