Quality, Fundamental Condition for Alternative to Imports: Algerian Minister
14/02/2019 05:19 GMT

Algeria's Trade Minister, Said Djellab said Tuesday in Souk Ahras that "quality control and compliance with international standards are a fundamental condition to make domestic production an... More

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Kuwait Warba Buys Major Bahrain-Based Ahli United Bank Stake
17/02/2019 06:43 GMT

Warba Bank, a leading Islamic bank in Kuwait, said it has signed an agreement with Bahrain-based Ahli United Bank BSC and its subsidiary Ahli United Bank KSCP to acquire their respective shareholding... More

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Next Phase of West Nile Delta Sees First Gas
17/02/2019 05:15 GMT

BP saw first gas production from its second stage of its West Nile Delta development offshore Egypt. The project, which produces gas from the Giza and Fayoum fields, was developed as a deepwater,... More

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Ammonia Unit of Iran's Masjid Soleiman to Come Online by Mid-2020
17/02/2019 09:11 GMT

The Ammonia Unit of Masjid Soleiman Petrochemical Plant will come on-stream by March 2020, to become fully operational by 2021. According to the National Petrochemical Company (NPC), Behzad... More

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Iraq’s Oil Minister Names New Deputies
17/02/2019 09:44 GMT

Several months after promising reform at his ministry, Iraq Oil Minister Thamer Al-Ghadhban on Friday (15 February) reshuffled several key deputies. Fayadh Nema was named deputy minister for... More

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Al-Kharafi, Al-Bahar Consortium Takes Equity Stake in Boursa Kuwait
17/02/2019 10:05 GMT

Al-Kharafi and Al-Bahar consortium have won the Kuwait Boursa privatization auction, taking a 44% equity stake in the local stock exchange at 237 fils (78 cents) per share. Bader Al-Kharafi is the... More

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US Presses for Security Deal to Allow Libya to Restart Sharara Oil Field
17/02/2019 07:21 GMT

The US is concerned by ongoing tensions in southern Libya that have prolonged the closure of the 340,000 b/d Sharara oil field and other critical crude export infrastructure, the State Department... More

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Oman Aviation Group Inks Deal with World Ocean Council
17/02/2019 08:19 GMT

Oman Aviation Group said it has signed an agreement with the World Ocean Council to share the know-how, expertise and opportunities affecting corporate ocean economic platforms. The MoU was signed... More

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Al-Baker Welcomes Doha Declaration
14/02/2019 10:18 GMT

Qatar Airways group chief executive HE Akbar al-Baker has welcomed the publication of ‘Doha Declaration,’ a manifesto that calls for a serious review of the existing aviation regulatory... More

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Saudi Arabia

Pakistan, Saudi Arabia to Sign Deal on Gwadar Oil Refinery
17/02/2019 10:05 GMT

Pakistan expects to agree a deal to build an oil refinery and petrochemical complex at the Balochistani deep-sea Port of Gwadar, during the first state-level visit by Saudi Arabia’s Crown Prince... More

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Samsung Pay Signs 5 New Partnerships in UAE
17/02/2019 08:23 GMT

Samsung has partnered with Abu Dhabi Commercial Bank (Debit Cards), Dubai Islamic Bank, Finance House, MAF Najm Cards and Noor Bank and to enable their customers access to the digital payment and... More

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Minister: Yemen Aims Higher Oil, LNG Exports in 2019
11/02/2019 09:42 GMT

The government in Yemen hopes to scale up its crude production to 110,000 barrels per day (bpd) in 2019, with exports touching about 75,000 bpd, the country’s oil minister said on Sunday. The... More

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General News

Novak: OPEC/Non-OPEC Deal Benefits Russia, Prevented Price Drop
17/02/2019 07:21 GMT

Russia has benefitted significantly from the OPEC/non-OPEC production agreement, which prevented further oil price drops, energy minister Alexander Novak said Thursday, in a sign that Russia remains... More

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