Algeria

Algeria to Host GECF 22nd Ministerial Meeting, Discusses Partnerships with Russia
17/10/2019 05:25 GMT

The proposal to hold the next ministerial meeting of the Forum of Gas Exporting Countries (GECF) in Algeria in November 2020 was accepted by its members, while the Minister of Energy, Mohamed Arkab,... More


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Bahrain

DGC Acquires Stake in Bahrain-Based Firm
20/10/2019 08:53 GMT

Dividend Gate Capital (DGC), a Bahrain-based private equity firm, said it has signed an agreement to partner up and acquire 50% of Solara Joinery & Interiors Company, a leading carpentry... More


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Egypt

Egypt to Launch Electric Buses Soon
20/10/2019 08:48 GMT

Egypt is to celebrate the release of its Egyptian made electric buses on 29 October, Michelle Knight, Chairperson of MUT Heavy equipment manufacturing company stated during the “Egypt Can with... More


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Iran

Official Announces Number of Iranians Removed from Cash Subsidies List
20/10/2019 09:57 GMT

Spokesperson of the Headquarters of Note 14 of the Budget Law Hossein Mirzaee said that elimination of high-income people from cash subsidies list has been pursued for 5 years. He said that in... More


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Iraq

Export-Import Bank of US Inks MoU with Iraqi Finance Ministry
20/10/2019 10:45 GMT

The Export-Import Bank of the United States (EXIM) has entered into a memorandum of understanding (MOU) with the Ministry of Finance of the government of Iraq aimed at rebuilding Iraq and enhancing... More


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Kuwait

Kuwait & KSA Agree on Restarting Neutral Zone Oil Output
20/10/2019 09:22 GMT

OPEC members Kuwait and Saudi Arabia have agreed to resume oil production in jointly-operated fields in the Saudi–Kuwaiti Neutral Zone, Kuwaiti newspapers Al-Qabas and al-Rai reported on Saturday... More


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Libya

Libya Cuts LPG Subsidies
20/10/2019 10:39 GMT

Libya’s Ministry of Economy announced on October 16 that it would be reducing subsidies on kerosene (paraffin) for commercial and industrial use. The Ministry has set the new price at LD 0.85, the... More


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Oman

Oman Welcomes Transfer of Iran’s Pharmaceutical Technology: Minister
20/10/2019 08:48 GMT

Oman's Minister of Health, Ahmed bin Mohamed bin Obaid Al Saidi said that his country welcomes transfer of Iran’s advanced pharmaceutical technologies to Oman. “We can establish good and fair... More


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Qatar

Qatar Dairy Firm to Launch Initial Public Offering
20/10/2019 09:30 GMT

Qatari company Baladna Food Industries will launch an initial public offering this month that could raise 1.426 billion riyals (US$392 million). The company flew in thousands of Holstein cows after... More


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Saudi Arabia

Kuwait & KSA Agree on Restarting Neutral Zone Oil Output
20/10/2019 09:22 GMT

OPEC members Kuwait and Saudi Arabia have agreed to resume oil production in jointly-operated fields in the Saudi–Kuwaiti Neutral Zone, Kuwaiti newspapers Al-Qabas and al-Rai reported on Saturday... More


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UAE

Saudi Acwa & Emirates Water and Electricity Co. Sign Deal
20/10/2019 08:50 GMT

Emirates Water and Electricity Company (Ewec) and ACWA Power, the leading Saudi-based developer, investor and operator of power generation and desalinated water plants, have confirmed the successful... More


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Yemen

Yemeni Firm Resumes Pumping to Oil Arabian Sea Terminal
16/10/2019 09:27 GMT

Yemen’s Safer oil company resumed pumping oil from its fields in Shabwa in southern Yemen to a terminal on the Arabian sea for export abroad, a company official told Reuters on Wednesday. Safer,... More


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General News

Japan Will Send Own Force to Protect Shipping in Hormuz: Chief Cabinet Secretary
20/10/2019 06:01 GMT

Japan said on Friday it will not join any U.S. coalition to protect merchant vessels in Middle Eastern waterways, but will instead send a separate force of ships and planes to guard ships supplying... More


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