Abu Dhabi-Based Rotana Enters Algeria Market
11/08/2022 04:32 GMT

UAE-based Rotana, a leading hotel management company in the region with over 100 properties across the Middle East, Africa, Eastern Europe and Türkiye, has announced its foray into the Algerian... More

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Bahraini Oil & Environment Minister Receives SOPHI's Board
10/08/2022 09:48 GMT

Oil and Environment Minister, Special Envoy for Climate Affairs, Dr. Mohammed bin Mubarak bin Daina, received the Society of Owners of Private Healthcare Institutions (SOPHI) Board of Directors... More

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Egypt to Ration Electricity to Boost Gas Exports
14/08/2022 06:16 GMT

Egypt's cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday. Egypt has suffered... More

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ICT Plans to Increase Fiber Optic Subscribers to 20mn
14/08/2022 07:00 GMT

ICT Plans to Increase Fiber Optic Subscribers Iran’s Minister of Information and Communications Technology Eisa Zarepour said on Saturday that the administration of President Ebrahim Raisi is going... More

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UAE's Dana Gas Ups Kurdish Production
14/08/2022 06:32 GMT

UAE's Dana Gas has boosted its Kurdish hydrocarbons output in the first half of 2022 by 1% despite a flurry of attacks in June and July on its operations in the semi-autonomous region in northern... More

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Bids Invited for Water Treatment Plan in Kuwait
10/08/2022 08:32 GMT

Kuwait’s Public Works Ministry is inviting bids for the expansion of US$1.7 billion North Kabd wastewater treatment plant. The deadline for the engineering, procurement and construction contract bids... More

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Libya’s Mitiga Airport Receives 1st EgyptAir Flight in 8 Years
11/08/2022 10:40 GMT

An EgyptAir plane has landed at the Mitiga Airport in the Libyan capital Tripoli, after an 8-year hiatus. A special reception ceremony was held for the Egyptian plane, where firefight vehicles... More

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SOM Expands Operations in Oman
14/08/2022 05:59 GMT

Shell Oman Marketing Company (SOM) has announced the opening of new service stations, bringing its total network size to 205 strategic sites across Oman. These expansion plans come as part of the... More

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Consortium of Malaysian, Japanese & Chinese Firms Wins QatarEnergy Deals
14/08/2022 06:53 GMT

Malaysia's MISC and consortium partners - Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha (K-Line) of Japan and China LNG Shipping - have been awarded long-term time charter contracts for... More

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Saudi Arabia

GCC States Need to Secure Investment Landscape
14/08/2022 05:25 GMT

Real and perceived political risks, the lack of focus on non-oil sectors, laxity in regulatory policies and a restrictive business environment are some of the factors impeding the growth of foreign... More

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Emaar to Acquire Dubai Creek Harbor
14/08/2022 07:10 GMT

Emaar Properties has announced that it would fully acquire Dubai Creek Harbor, a major development located along the historic Dubai Creek waterfront, from Dubai Holding for a consideration of AED7.5... More

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Japan Provides Aid for Makeshift Clinics in Yemen
14/08/2022 05:19 GMT

The Japanese government has provided US$3 million in aid to help set up eight temporary clinics in Yemen. The cash was provided through the United Nations Office for Project services, the Yemen News... More

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General News

OPEC Sees Lower 2022 Oil Demand Growth in Contrast to IEA
14/08/2022 06:48 GMT

OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain... More

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