Algeria

Algerian Minister Receives US Ambassador to Talk Cooperation
23/02/2017 05:31 GMT

Minister of Housing, Urban Planning and the City, interim Minister of Trade, Abdelmadjid Tebboune received, in Algiers, US Ambassador Joan Polaschik, with whom he discussed prospects for economic... More


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Bahrain

Bahrain to Host Key AmCham MENA Forum
23/02/2017 05:02 GMT

The American Chamber of Commerce Bahrain (AmCham Bahrain) is set to host the bi-annual forum of AmCham MENA regional council in Manama next year. The forum aimed at promoting trade and investment... More


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Egypt

Egypt’s Echem Setting Up Petchem Projects
20/02/2017 05:04 GMT

The Egyptian Petrochemicals Holding Company (Echem) is considering setting up four projects to produce derivatives of propylene, ammonium, formaldehyde, and medium density fiberboard (MDF) at a cost... More


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Iran

Iran & Greece Launch Joint Chamber of Commerce
23/02/2017 04:53 GMT

Head of Iran-Greece joint chamber of commerce said Greece can play an important role in the development of tourism industry due to its valuable experiences in this field. During the General Assembly... More


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Iraq

Growing Demand behind Rosneft KRG, Libya Deals
23/02/2017 07:34 GMT

Russian oil firm Rosneft's move to lend money to Iraq's Kurdistan in exchange for crude and a fresh supply deal with Libya are dictated by the growing needs of its refining system in Europe and Asia,... More


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Kuwait

Styrene Company in Kuwait Registers Rise in Profits
22/02/2017 05:27 GMT

The Kuwait Styrene Company (TKSC), the first and only producer of styrene monomer in Kuwait, said it has registered an 11% growth in its net profit for 2016 which soared to US$107 million from US$97... More


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Libya

Growing Demand behind Rosneft KRG, Libya Deals
23/02/2017 07:34 GMT

Russian oil firm Rosneft's move to lend money to Iraq's Kurdistan in exchange for crude and a fresh supply deal with Libya are dictated by the growing needs of its refining system in Europe and Asia,... More


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Oman

Oman Gears Up for Debut Smart City Conference
23/02/2017 05:04 GMT

Top experts and leaders will highlight and discuss the economic value and benefits of implementing smart cities projects in Oman and the region, at the inaugural Oman Smart City Summit 2017, to be... More


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Qatar

More Than US$50-Per-Barrel Crude Needed to Encourage Investment, Qatari Minister
23/02/2017 08:06 GMT

Qatar energy minister Mohammed Al-Sada said oil prices need to be higher than US$50 a barrel to encourage oil sector investment. "You need a lot of investment to keep up with demand (growth),... More


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Saudi Arabia

Saudi Giant Leading in Turkish Fuel Station Business Bid
23/02/2017 08:35 GMT

Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV, sources familiar with the matter said. Saudi Aramco has... More


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UAE

Dubai Cuts Crude Price for May Deliveries
23/02/2017 08:00 GMT

The Department of Oil Affairs in the Government of Dubai said it has notified its customers that the official price of Dubai crude oil for delivery next May will be US$0.30 less than the average... More


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Yemen

KSA, Yemen to Benefit from FTZ
23/02/2017 04:58 GMT

Studies indicate that the establishment of a free-trade zone between Saudi Arabia and Yemen, a project that has been put on a hold due to political unrest in Yemen, would help boost economies of the... More


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General News

Improvement Seen in Non-OPEC Output Cut Compliance
23/02/2017 09:26 GMT

Russia and other producers agreed to cut production by 1.8 million bpd from Jan. 1 to boost prices. Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have... More


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