Former Algerian President Passes Away
19/09/2021 08:33 GMT

Abdelaziz Bouteflika, who led Algeria out of civil war to become its longest-serving president, has died at 84, according to state television. The report didn’t provide a cause of death for the... More

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Bahraini SICO Picks Bloomberg’s AIM to Up Efficiency
19/09/2021 04:20 GMT

Sico, a leading regional asset manager, broker, market maker, and investment bank, has adopted Bloomberg’s Asset & Investment Manager (AIM) to increase efficiency and transparency across its order... More

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UAE’s Agthia Group Acquires Majority Stake in Egypt’s Atyab
19/09/2021 04:17 GMT

Agthia Group, the UAE’s leading food and beverages company has completed the acquisition of a 75.1 % stake in meat producer Ismailia Investments (Atyab), CNBC Arabia reported. The Abu Dhabi-based... More

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Iran Oil Minister Appoints New Managing Director for NIGC
19/09/2021 09:20 GMT

Through a decree, the Oil Minister Javad Owji appointed Majid Chegeni as his Deputy and the Managing Director of the National Iranian Gas Company (NIGC) replacing Hassan Montazer-Torbati. In the... More

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Iran to Open Trade Center in Sulaymaniyah
19/09/2021 05:37 GMT

Iran is going to open a trade and permanent exhibition center in Sulaymaniyah city of Iraqi Kurdistan in the near future, the director-general of Iran’s Trade Promotion Organization (TPO)’s Office of... More

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Kuwait Oil Co. to Invest in Exploration
14/09/2021 07:48 GMT

The Kuwait Oil Company plans to invest more than US$6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, according to an oil source who... More

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General Manager of Schlumberger Libya Meets NOC Chairman
16/09/2021 10:48 GMT

The Chairman of the Board of Directors of the National Oil Corporation (NOC), Mr. Mustafa Sanalla, held a meeting with the General Manager of Schlumberger Libya, Mr. Mustafa Ajaj, at NOC’s... More

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Oman Unveils Projects for Investment
19/09/2021 04:23 GMT

Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has outlined as many as 90 investment opportunities distributed across eight key sectors – Tourism, Logistics & Food, Fishing,... More

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Qatari Ooredoo, CK Hutchison to Merge Indonesian Telecom Units
19/09/2021 08:22 GMT

Hong Kong's CK Hutchison and Qatar's Ooredoo have agreed to merge their Indonesian telecom units in a US$6 billion deal, the two companies said on Thursday. The merged entity will be the second... More

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Saudi Arabia

Saudi Bunyan United Co. Hires BMG for Largest IPO on Nomu
19/09/2021 09:02 GMT

Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange. The offering is expected... More

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Abu Dhabi Developmental Holding Co. Acquires Acino
19/09/2021 07:53 GMT

Abu Dhabi Developmental Holding Company PJSC (ADQ), one of the region’s largest holding companies, announced on Thursday (September 16) that it has entered into a definitive agreement to acquire... More

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IOM: Ethiopian Migrants Stuck in Yemen Need Extra Support to Return Home
09/09/2021 09:49 GMT

As the dangers for migrants in Yemen intensify against a backdrop of conflict and the COVID-19 crisis, nearly 5,000 Ethiopians stranded in Yemen are waiting for their chance to safely return home.... More

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General News

GECF Attends 2nd Angola Oil & Gas Conference
19/09/2021 08:26 GMT

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, participated in the 2nd edition of the Angola Oil and Gas Conference, highlighting the immense... More

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