Energy

Egypt subscribes $1bn loan from International Islamic Trade Finance Corporation to finance petroleum imports »

11:03 am | Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan…

Jan 14 2021 / Read More »
Gulf News

Iraq awards Chinese companies construction projects worth $20bn »

11:36 am | Iraq has given a set of construction projects valued at $20 billion to a consortium of Chinese companies, reports…

Jan 18 2021 / Read More »

UAE, Bahrain designated as Major Strategic Partners of the United States »

12:15 pm | The White House announced Friday the designation of both the United Arab Emirates and the Kingdom of Bahrain as…

Jan 16 2021 / Read More »

Emirates suspends Tunisian pilot for refusing to fly to Israel »

10:57 am | Tunisian pilot working for Dubai-based Emirates has said he has been suspended by the Emirati airline after he refused…

Jan 14 2021 / Read More »

U.S establishes trade zone in Bahrain »

11:44 am | The United States and Bahrain Tuesday inked an agreement to establish in the Gulf country an American trade zone…

Jan 13 2021 / Read More »

Energy

  • Egypt subscribes $1bn loan from International Islamic Trade Finance Corporation to finance petroleum imports

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  • Egypt delivers nine oil, gas exploration permits

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  • Indian TCI Sanmar Chemicals to invest $200m in Egypt

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  • KSA: four new oil and gas discoveries

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  • Jordan discovers major gas field near border with Iraq

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  • Egypt to host Eastern Mediterranean Gas Forum headquarters

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  • Saudi SIIG & Petrochem eye merger after incurring losses

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  • Iraq to fast-track signing of Nibras petrochemical complex project with Shell

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  • Saudi Arabia’s Aramco discovers two new oil, gas fields

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  • Saudi Arabia’s Aramco appoints new CEO to run $500m investment arm

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  • Japanese banks sign joint loan to fund Qatar’s biggest mega solar power plant

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  • Oman sets mid-2021 to launch operations of biggest solar plan

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  • Syria, Turkey condemn alleged oil deal between US firm and Kurdish rebels

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  • Aramco goes on customary redundancy plan, cuts hundreds of jobs

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Iranians arrested for entering Kuwait illegally »

11:41 am | Kuwaiti Coastguards nabbed Saturday 10 Iranians who entered the Gulf country illegally reports say. A Kuwait man saw nine of the men jumping out of a ship in the Mina Abdullah area, South of Kuwait and alerted authorities. The security forces also managed to arrest the captain of the ship, also an Iranian. The men…

Jan 18 2021 / Read More »

Iraq awards Chinese companies construction projects worth $20bn »

11:36 am | Iraq has given a set of construction projects valued at $20 billion to a consortium of Chinese companies, reports say citing an Iraqi official. “The projects include the construction of a power station and a factory for floors and porcelain with a production capacity of 32,000 m2 per day, and a factory for ceramic walls…

Jan 18 2021 / Read More »

Egypt subscribes $1bn loan from International Islamic Trade Finance Corporation to finance petroleum imports »

11:03 am | Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan according to the ministry will cover 2021 petroleum imports. It is also part of a $3 billion agreement that was signed between…

Jan 14 2021 / Read More »

Iranians arrested for entering Kuwait illegally »

11:41 am | Kuwaiti Coastguards nabbed Saturday 10 Iranians who entered the Gulf country illegally reports say. A Kuwait man saw nine of the men jumping out of a ship in the Mina Abdullah area, South of Kuwait and alerted authorities. The security forces also managed to arrest the captain of the ship, also an Iranian. The men…

Jan 18 2021 / Read More »

Credit Suisse gets banking license to provide additional financial services in Saudi Arabia »

01:36 pm | Credit Suisse has opened a new branch in Saudi Arabia to provide extra financial services in the Gulf Kingdom, after securing in 2019 local banking license for the purpose, reports say. The financial institution on Monday said it had opened a branch in Riyadh to offer wealthy Saudi Arabian clients a greater range of financial…

Jan 11 2021 / Read More »

Gulf News

Iraq awards Chinese companies construction projects worth $20bn »

11:36 am | Iraq has given a set of construction projects valued at $20 billion to a consortium of Chinese companies, reports say citing an Iraqi official. “The projects include the construction of…

Jan 18 2021 / Read More »

UAE, Bahrain designated as Major Strategic Partners of the United States »

12:15 pm | The White House announced Friday the designation of both the United Arab Emirates and the Kingdom of Bahrain as “Major Security Partners”…

Jan 16 2021 / Read More »

Emirates suspends Tunisian pilot for refusing to fly to Israel »

10:57 am | Tunisian pilot working for Dubai-based Emirates has said he has been suspended by the Emirati airline after he refused to fly to…

Jan 14 2021 / Read More »
U.S establishes trade zone in Bahrain » Oman creates Crown Prince role as result of royal decree » Saudi Telecom Co. (STC) appoints Alwetaid as new CEO » UAE poised to thaw ties with Turkey » Qatari Diar to resume work at mega Citygate project in Egypt as Gulf crisis ends »

Finance

Credit Suisse gets banking license to provide additional financial services in Saudi Arabia »

01:36 pm | Credit Suisse has opened a new branch in Saudi Arabia to provide extra financial services in the Gulf Kingdom, after securing in 2019 local banking license for the purpose, reports…

Jan 11 2021 / Read More »

World News