Algeria

Interim President Signs Algeria’s Budget, Foreign Investment Encouraged
12/12/2019 09:40 GMT

Algeria's interim president Abdelkader Bensalah on Wednesday signed a 2020 budget that includes public spending cuts but allows foreign investors to have majority stakes in projects involving the... More


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Bahrain

Bahrain Launches Liquidity Support Fund
12/12/2019 09:05 GMT

In line with directives issued by His Royal Highness the Crown Prince during the 2019 Government Forum, the Ministry of Finance and National Economy today launched a BD 100 million (US$266.923... More


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Egypt

SDX Achieves Stabilized Plateau Production from Egypt Concession
12/12/2019 09:42 GMT

SDX Energy, the MENA-focused oil and gas company, has achieved its targeted stabilized plateau production rate of 50 Mscf/d from its operated South Disouq concession (SDX: 55% working interest) in... More


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Iran

Pompeo Announces New Sanctions on Iranian Shipping & Aviation Industries
12/12/2019 07:35 GMT

The US has imposed sanctions on Iran’s biggest shipping company and largest airline for allegedly helping Tehran develop ballistic missiles in contravention of UN sanctions. Mike Pompeo, secretary... More


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Iraq

Report on Technology & Innovation in Iraq
12/12/2019 05:23 GMT

The International Organization for Migration (IMO)‘s Enterprise Development Fund-Innovation (EDF-i) grants will target the tech sector and allow for new and startup tech companies to receive... More


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Kuwait

Baker Hughes Awards Kuwait Drilling Deals
10/12/2019 06:51 GMT

Baker Hughes Co. has awarded ADES International Holding PLC a pair of deep drilling contracts under a lump sum turnkey project (LSTK) project in Kuwait, ADES reported Monday. “We are extremely... More


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Libya

Total Seals Deal with Libyan NOC for Waha Entry
12/12/2019 09:44 GMT

Endorsing the Group’s Entry into the Waha Concessions, Total and National Oil Corporation (NOC), with the agreement of the Government of Libya, signed an agreement to implement Total’s participation... More


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Oman

Omani Group in SAP Partnership to Boost FM Services
12/12/2019 10:28 GMT

Renaissance Services, the largest integrated facilities management and accommodation solutions company in Oman, has announced a digital transformation partnership with global experience company SAP... More


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Qatar

TIPW Project in Qatar's Ras Laffan Industrial City Completed
12/12/2019 08:02 GMT

Qatargas Operating Company Limited (Qatargas) has successfully commissioned and achieved stable operation of a key environmental project for the reuse of treated industrial water within its... More


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Saudi Arabia

Deal Inked to Locate Hi-Tech MENA Test Lab in KSA
12/12/2019 07:50 GMT

Energy chiefs on Wednesday signed a deal to set up the Middle East and North Africa (MENA) region’s first specialized equipment test lab in Saudi Arabia. Once completed, the project is expected to... More


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UAE

MSC Cruises Signs Long-Term Deal with UAE’s DP World
12/12/2019 10:25 GMT

MSC Cruises has signed a long-term agreement with Dubai-based DP World for preferential berthing rights at Mina Rashid in Dubai. Thanks to the additional volumes, the Geneva, Switzerland-based cruise... More


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Yemen

Yemeni Houthis Release Captured S. Korean, Saudi Vessels
24/11/2019 05:55 GMT

Yemen’s Houthi movement released three vessels and 16 people it had seized, South Korea’s Foreign Ministry and a Houthi military source in Yemen said. The seizure was the latest incident at sea... More


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General News

OPEC Sees Small 2020 Oil Deficit Even Before Latest Supply Cut
12/12/2019 09:46 GMT

OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact with other producers takes effect, suggesting a tighter... More


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