Algerian Energy Law Due in H1 2019
17/10/2018 10:43 GMT

Abdelmoumen Ould Kaddour, CEO of Algeria’s Sonatrach, revealed that the country wants to have a new energy law ready by H1 2019. Kaddour said that inspiration for the change in legislation may come... More

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National Bank of Bahrain Eyeing Rival’s Shares
23/10/2018 09:03 GMT

National Bank of Bahrain (NBB) is weighing an acquisition of shares in Bahrain Islamic Bank (BISB), the company said in a disclosure on Monday. The lender is “considering making a potential... More

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Egypt's EETC, Siemens in Talks to Establish Transformer Station in Ras Ghareb
23/10/2018 10:42 GMT

The Egyptian Electricity Transmission Company (EETC) has negotiated with the German Siemens Company to establish a 220 kV transformer station in Ras Ghareb. Sources in the company said that the... More

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Facilities Finalized for Iranian Petchem Plant
23/10/2018 08:01 GMT

Acting Head of the Ministry of Industry, Mine and Trade in Kermanshah Province announced that €287 million facilities from the National Development Fund (NDF) has been finalized for the urea &... More

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Oil Ministry Pauses Transfer of Oil Cos to Iraqi National Oil Co.
23/10/2018 10:27 GMT

Iraq’s Ministry of Oil has postponed a decision to transfer ownership of nine state-owned oil companies from the Ministry to the newly-formed Iraqi National Oil Company (INOC). The original decision... More

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Zain Kuwait, Microsoft Ink Agreement
21/10/2018 10:22 GMT

Zain Kuwait, the country’s leading digital service provider, yesterday announced that it has signed a partnership agreement with Microsoft to offer various cloud-based services to large enterprises... More

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NOC Chairman Sees Rise in Libya Production
22/10/2018 06:32 GMT

BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of... More

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9 Firms Prequalify for Water Projects in Oman
23/10/2018 09:46 GMT

A total of nine international companies (and their joint venture partners) are competing for a license to build a pair of large water desalination plants of an aggregate capacity of around 250,000... More

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Qatar Petroleum Announces Qamco IPO; Listing in Dec. 2018
23/10/2018 10:33 GMT

Qatar Aluminum Manufacturing Company (Qamco), a Qatari public joint stock company under incorporation in Qatar, plans to sell 49% of its shares in a public offering, Qatar Petroleum announced on... More

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Saudi Arabia

Bankers Have Not Raised Concerns about Funding Costs on Saudi SABIC Deal
23/10/2018 10:50 GMT

The chief executive of oil giant Saudi Aramco said on Tuesday (23 October) that bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the company's potential... More

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Nakheel Breaks Ground on Dubai's Dragon City Twin Tower Project
23/10/2018 08:11 GMT

UAE master developer Nakheel today (October 22) broke ground on its Dh713 million (US$194 million) twin-building project located within the Dragon City mixed-use community in Dubai. The... More

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Yemen's Pomegranate Exports Plummet
23/10/2018 07:22 GMT

The tiny, red pomegranate seed may not look like much but it helps explain why Yemen’s civil war has brought millions of people to the brink of famine. Pomegranate exports were a key source of income... More

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General News

Oil Falls as Saudi Arabia Says It Will Play Responsible Role
23/10/2018 10:31 GMT

Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment remained nervous ahead of new U.S. sanctions on Iran’s crude exports that... More

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