Minister Defends Algeria Decision to Resort to Unconventional Financing
19/06/2018 09:43 GMT

Minister of Finance Abderrahmane Raouya defended Monday the decision of Algeria to resort, since the end 2017, to unconventional financing to cover a part of public spending, reiterating that the... More

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BGR Grabs Bahrain Deal
20/06/2018 04:23 GMT

Bahrain has signed BGR Government Affairs to a two-year strategic communications contract worth US$1.6 million. BGR chairman Ed Rogers, former aide to the late Republican political consultant Lee... More

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Minister: Saudi Aramco to Supply Egyptian Refineries for 6 More Months
20/06/2018 04:23 GMT

Saudi Aramco, the world's largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt's Petroleum Minister Tarek El Molla said on Tuesday. Aramco... More

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Iran Oil Minister Says Problems in Oil Market Political
20/06/2018 07:09 GMT

Iran’s oil minister said on Tuesday (19 June) that problems in the oil market were political and not the result of a supply and demand imbalance. “The current problem in the oil market is the result... More

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Fly Erbil Successfully Completes 1st Scheduled Flight
20/06/2018 08:13 GMT

Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on Monday. The plane set off from Erbil International Airport en route to Stockholm in Sweden. The airline’s... More

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No Specific Scenario for Changing OPEC, Non-OPEC Deal: Kuwait
20/06/2018 06:24 GMT

Kuwait's oil minister said on Tuesday (19 June) there were still no specific scenarios for raising or lowering OPEC and non-OPEC's production ceiling, state news agency KUNA reported. The... More

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Libya's Crude Oil Production Falls Due to Militia Clashes: NOC
20/06/2018 07:07 GMT

Libyan crude production has fallen around 400,000 b/d -- or nearly halved -- due to militia attacks on the eastern oil terminals of Ras Lanuf and Es Sider, the head of the country’s National Oil... More

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3rd Boeing 737 Max 8 Delivered to Oman Air
20/06/2018 04:23 GMT

Oman Air, the national carrier of the sultanate, said it had recently taken delivery of the third of 30 Boeing 737 Max 8s it has on order. The airline expects to receive a total of five 737 MAX by... More

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Qatar Moving to Promote Private Sector
18/06/2018 04:16 GMT

Private-sector growth and new government initiatives to support long-term economic diversification and sustainability will be the focus of Oxford Business Group’s upcoming publication ‘The Report:... More

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Saudi Arabia

UAE-Based Lamprell, Asyad Holding to Set Up Saudi JV Company
20/06/2018 07:34 GMT

UAE-based Lamprell, a major provider of fabrication, engineering and contracting services, said it will join hands with Asyad Holdings to set up a joint venture company in the kingdom as part of its... More

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UAE's DP World Reaches Agreement with Port of Prince Rupert
20/06/2018 08:05 GMT

Dubai-based global marine terminal operator DP World said it has reached an agreement with Canada's Port of Prince Rupert on the terms of a project development plan that outlines the next phase of... More

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Missile Launched at Saudi Aramco Facility, Yemeni Houthis Say
20/06/2018 07:16 GMT

The Iran-aligned Houthi movement in Yemen said it launched a missile targeting a facility of oil firm Aramco in Asir in southwestern Saudi Arabia, Houthi-run media al-Masirah TV and SABA reported on... More

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General News

Russia to Propose Increasing OPEC+ Oil Output by 1.5mln/bpd: Novak
20/06/2018 07:16 GMT

Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Energy Minister Alexander Novak told reporters, days ahead his visit to Vienna... More

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