Turkey to Up Algeria Trade, Import LNG until 2024
28/01/2020 10:31 GMT

Turkey plans to increase its trade with Algeria from about US$4 billion currently to US$5 billion “very soon,” Algeria’s President Abdelmadjid Tebboune reported. The announcement was made during the... More

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Bahrain EDB Partners with WEF
28/01/2020 09:18 GMT

The Bahrain Economic Development Board (EDB), the kingdom’s investment promotion agency, has partnered with the World Economic Forum (WEF) to launch the ‘Closing the Skills Gap Accelerator’. The... More

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Exxon Wins Egypt Exploration Deals
28/01/2020 10:16 GMT

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of US$332 million,... More

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Rohani Urges Anti-Money Laundering Compliance to Curb Iran Isolation
28/01/2020 10:40 GMT

President Hassan Rohani said on Monday Iran should stick to rules set by an anti-money laundering watchdog to protect ties between the sanctions-hit country and international banks, as a deadline for... More

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Scientia Global Inc. Grabs Iraq Deal
28/01/2020 05:41 GMT

Florida-based Scientia Global Inc. has been awarded a US$12,149,039 firm-fixed-price Foreign Military Sales (Iraq) contract to procure combat effective Digital Mobile Radio Tier III equipment,... More

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IMF Calls on Kuwait to Accelerate Reforms, Impose Taxes
28/01/2020 09:15 GMT

The International Monetary Fund on Monday urged OPEC member Kuwait to introduce a package of reforms that includes imposing taxes and phasing out subsidies to plug a chronic budget deficit. Kuwait,... More

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Sanalla: Libya Chaos to Deepen If Blockade Continues
28/01/2020 06:18 GMT

Libya's oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d "very soon" if the blockade led by the self-styled Libyan National Army continues, the... More

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Omani-German JV to Support Hydrogen Investments
28/01/2020 10:43 GMT

An agreement was signed here on Monday for the establishment of a local Omani company that will support the development and commercialization of hydrogen as a zero-emission energy source as well as... More

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Qatari, Indian Ministers Meet
28/01/2020 09:25 GMT

Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, held talks in New Delhi with Dharmendra Pradhan, the Minister of Petroleum & Natural Gas and Minister of Steel, India. Discussions... More

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Saudi Arabia

Samsung Engineering Secures Saudi Aramco Deal
28/01/2020 10:04 GMT

Samsung Engineering has signed a US$1.85 billion contract for the Aramco HUGRS (Hawiyah Unayzah Gas Reservoir Storage) project ( Hawiyah Gas Plant ). The contract was signed on January 23. Samsung... More

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UAE's Empower Receives Commitments from Local, Intl. Banks for Loans
28/01/2020 09:39 GMT

Dubai district cooling company Empower has received commitments from local and international banks for loans totaling up to between 6-8 billion dirhams (US$1.633-US$21782 billion) to finance... More

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Port of Aden Sets Offloaded Cargo Record in 2019
26/01/2020 10:25 GMT

Yemen-based Port of Aden has set an all-time record in 2019, witnessing the largest increase in the volume of offloaded cargo in its history, with the support of two cranes provided by Saudi Arabia.... More

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General News

Algerian Minister Sees Little Impact from Coronavirus on Oil Market
28/01/2020 08:43 GMT

OPEC president Mohamed Arkab said on Monday he expects an outbreak of coronavirus in China to have little impact on the global oil market for now, but added that producers were ready to react to any... More

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