Algeria

Algeria's Foreign Exchange Reserves Plunge amid Drop in Oil Revenues
18/02/2020 05:18 GMT

Algeria’s public debt rose to 45% of GDP while its foreign exchange reserves continue to shrink on the back of falling oil prices in international market boding ill for the social peace of a country... More


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Bahrain

Tamkeen Signs Up as Key Sponsor for Interiors Expo in Bahrain
20/02/2020 09:26 GMT

Labor Fund Tamkeen has announced its strategic partnership with Bahrain’s luxury decor and furniture event– Interiors Expo. Held under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, Prime... More


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Egypt

UAE-Based Firm to Invest in Egypt Operations
20/02/2020 09:58 GMT

Emirates-based Dragon Oil is set to invest US$650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing... More


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Iran

Enhanced Oil Exports Mark Failure of Sanctions: Iranian President
20/02/2020 10:35 GMT

Iranian President Hassan Rohani said: “That Iran’s oil exports increased from 0.9 million bpd to nearly 3 million bpd after the JCPOA is an indication of the fact that we smashed the sanctions.”... More


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Iraq

New Roadmap to Start-Ups in Iraq
20/02/2020 05:50 GMT

Roadmap to Startup Iraq, your guide to register a startup in Iraq. It is a guideline for every entrepreneur in Iraq to know how to register her/his startup legally and know from A to Z the... More


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Kuwait

Napesco Awarded Tender by KGOC, Kuwait-Based Saudi Arabian Chevron
20/02/2020 08:35 GMT

National Petroleum Services (Napesco) was awarded a KWD 7.74 million (US$25.447 million) tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Inc. Under the five-year... More


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Libya

Crude Production Falls: Libya's NOC
20/02/2020 05:50 GMT

Libya's oil output is down to less than 125,000 b/d, a drop of more than 90% since the Libyan National Army imposed a blockade on the country's five export terminals on January 18, according to a... More


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Oman

German Delegation to Visit Muscat for Trade Meetings
20/02/2020 09:49 GMT

Underlining the high regard Oman has for Germany as a key trade and investment partner, Ithraa, Oman’s investment promotion and export development agency, in conjunction with the Ministry of... More


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Qatar

Qatari Nakilat to Receive 2 World-Class LNG Vessels
20/02/2020 09:33 GMT

Qatar Gas Transport Company (Nakilat) is set to receive two new world-class LNG vessels within this year, announced Bader Al Mulla, LNG Joint Ventures Manager at Nakilat. Al Mulla was speaking at... More


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Saudi Arabia

Napesco Awarded Tender by KGOC, Kuwait-Based Saudi Arabian Chevron
20/02/2020 08:35 GMT

National Petroleum Services (Napesco) was awarded a KWD 7.74 million (US$25.447 million) tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Inc. Under the five-year... More


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UAE

UAE-Based Firm to Invest in Egypt Operations
20/02/2020 09:58 GMT

Emirates-based Dragon Oil is set to invest US$650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing... More


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Yemen

Medical Flights Start from Sanaa in Diplomatic Breakthrough
04/02/2020 06:17 GMT

Flights carrying patients needing urgent medical attention began from the Yemeni capital Sanaa on Monday, the World Health Organization (WHO) said, a long-sought confidence-building measure in... More


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General News

GCC Will Still Rely Mostly on Oil & Gas Next Decade: S&P
20/02/2020 05:47 GMT

The GCC economies and Iraq will remain primarily reliant on hydrocarbons in the next decade as the sector still fuels the majority of government revenues, S&P Global Ratings said, noting also that... More


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