Housing Units in Algeria Delayed Due to Non-Completion of Works
20/08/2018 07:21 GMT

A total of 138,000 housing units have been delivered nationwide over the past three months, Minister of Housing, Urban Planning and the City Abdelwahid Temmar said Saturday in Tipasa (70-km west of... More

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Bahrain’s Khalifa Town Project on Track
20/08/2018 01:00 GMT

Work on hundreds of housing units at the residential Khalifa Town project is nearing completion. “The construction of more than 1100 units has so far reached up to 95%”, said Housing Ministry... More

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Egypt Approves Saudi ACWA Power Offer for Wind Power Project
16/08/2018 09:20 GMT

The economic committee of ministers approved the offer by the Saudi company ACWA Power to establish wind farms with capacity of 500 MW in the Gulf of Suez and investments up to $600m. Government... More

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19th Oil Consignment of Iranian Oil Layer Loaded
20/08/2018 09:14 GMT

The 19th crude oil consignment recovered from the South Pars Oil Layer in Persian Gulf waters was loaded at FPSO Cyrus, IOOC said. According to the Iranian Offshore Oil Company (IOOC), the FPSO began... More

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Caparol Paints Eyes Big Role in Iraqi Market
20/08/2018 05:45 GMT

Caparol Paints, the German leader in the global paints industry, said it has signed strategic partnership agreements with a number of contractors from Iraq as part of its efforts to increase its... More

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Kuwaiti Career Joins Amadeus GDS Ecosystem
20/08/2018 06:06 GMT

Kuwait-based Jazeera Airways has announced a partnership with Amadeus that will open up increased fare options and availability for travel agencies. Serving more than 2.2 million passengers a year... More

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Libyan Pipeline Fire Extinguished
20/08/2018 08:08 GMT

Libya’s National Oil Corp (NOC) said arson caused a fire next to a station on its Wafa-Mellitah gas pipeline. According to the state-run firm, the fire was caused by rocket-propelled grenades,... More

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China, India, Taiwan Lift Bulk of Omani Crude Exports in 2017
20/08/2018 07:34 GMT

China, the top destination for Omani crude for well over a decade, lifted around 70% of total crude oil and condensate exports in 2017, but saw its share drop 18.4% to 204.8 million barrels last year... More

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Higher Oil Prices Fuel Qatar Export Growth in July: QNB
20/08/2018 04:19 GMT

Qatar’s exports grew 46% year-on-year (y-o-y) in July as a result of higher oil prices while imports grew 50% reflecting the low base in July 2017, QNB said in its latest ‘Qatar Monthly Monitor’. The... More

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Saudi Arabia

KSA Gambit Invites Kind of Leverage Musk Does Not Want
20/08/2018 04:15 GMT

Elon Musk has painted an idyllic picture of a private Tesla Inc operating away from investor scrutiny and short-seller attacks. But in casting Saudi Arabia’s sovereign wealth fund as a key player to... More

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Sharjah's Air Arabia in Deal with SAP for Cloud-Based HR System
20/08/2018 06:06 GMT

Air Arabia, the Middle East and North Africa's largest low-cost carrier, has signed an agreement with SAP – a global market leader in enterprise application software - for a new cloud-based Human... More

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Egypt Voices Concern over Red Sea Security after Yemeni Houthi Attack
14/08/2018 06:58 GMT

Egypt’s president said on Monday Cairo was deeply concerned about security in the Red Sea following an attack by Yemen’s Houthis on two oil tankers that forced Saudi Arabia to suspend crude shipments... More

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General News

GCC Exporters to Reap Oil Dividend as Battle for Asia Market Share Heats Up
20/08/2018 04:19 GMT

China is expected to buy more oil from Saudi Arabia and other GCC producers as it seeks to replace US supply amid a worsening trade war with Washington. Although China last week omitted US crude from... More

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