Eni Agrees to Extend Algeria Gas Deal to at Least 2027
19/05/2019 04:14 GMT

Italian oil and gas group Eni said on Thursday it had strengthened its ties with Algeria's Sonatrach by renewing a contract to import Algerian gas into Italy until 2027. Eni, which has a series of... More

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Ebdaa Bank Inks Agreement with SRB in Bahrain
16/05/2019 07:30 GMT

Ebdaa Bank for Microfinance has signed an agreement with the Sharia Review Bureau (SRB) in Bahrain to ensure that the bank's financial products comply with Sharia requirements. Dr Khalid Al Ghazzawi,... More

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Savills Sets Up Egyptian Property Management JV
19/05/2019 04:14 GMT

Global real estate advisor Savills has announced the signing of a prominent joint venture with Egyptian company Sphere, to cover the full range of real estate services in Egypt. The new partnership,... More

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New Appointment Made at Iran's NIORDC
19/05/2019 09:25 GMT

Through a decree issued by Ali-Reza Sadeghabadi, Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC), Mojtaba Farmihani Farahani has been appointed as the Head of... More

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Shell Monitoring Iraq as US Pulls Some Embassy Staff
19/05/2019 06:58 GMT

Shell on Thursday said it is closely monitoring the situation in Iraq, adding to the list of major international oil companies that are watching the country amid increased geopolitical tension... More

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Kuwait-Based HEISCO Signs Deal with Saudi Arabian Chevron
19/05/2019 04:14 GMT

Kuwait-based Heavy Engineering Industries and Shipbuilding (HEISCO) has signed a KWD 1.97 million (US$6.47 million) seven-month contract with the Kuwait-based Saudi Arabian Chevron Inc. The contract... More

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Libya's Warring Factions Putting 95% of Oil Production at Risk: NOC Head
19/05/2019 07:19 GMT

Armed conflict between groups vying for control of Libya is putting the country's lifeblood oil and gas industry at risk of almost total collapse, just as production is beginning to recover from... More

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UK Firm Plans Mega Algae Farm in Oman
19/05/2019 04:11 GMT

A British-based firm plans to develop one of the world’s largest algae farms in the Sharqiyah Governorate of the Sultanate — an initiative that will enable Oman’s entry into the booming multibillion... More

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Qatargas Hits Milestone
16/05/2019 04:23 GMT

Qatargas has announced that Qatargas Ras Laffan Terminal Operations (RLTO) has safely loaded the 10,000th cargo shipment of non-LNG product in the Ras Laffan Industrial City (RLIC). Since starting... More

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Saudi Arabia

Saudi-Backed Fund Invests in GetYourGuide
19/05/2019 07:58 GMT

Berlin travel startup GetYourGuide said on Thursday it had raised nearly US$500 million from investors led by SoftBank’s Saudi Arabia-backed Vision Fund to expand its online offering of tours and... More

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Adnic, FAB to Launch New UAE Digital Wallet
19/05/2019 07:54 GMT

Abu Dhabi National Insurance Company (Adnic) said it has signed a partnership agreement with First Abu Dhabi Bank (FAB) to offer customers new payment options through Payit, the UAE's first... More

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Iran Denies Ties to Houthi Drone Attack on Saudi Oil Installations
19/05/2019 04:28 GMT

Iran’s foreign ministry on Friday rejected accusations by Saudi Arabia that Tehran had ordered an attack on Saudi oil installations claimed by Yemen’s Houthi militia. U.S.-ally Riyadh made the... More

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General News

London Marine Insurers Widen Middle East Threat Zone After Ship Attacks
19/05/2019 06:58 GMT

London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Persian Gulf after ship attacks off Fujairah, officials said on... More

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