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The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp’s stake in the giant West Qurna 1 oilfield, Oil Minister Ihsan Abdul Jabbar announced Wednesday, Zawya reports. Located in Southern Iraq, West Read more
Qatar Electricity and Water Company (QEWC), the public utility company of Gulf country, announced Wednesday its subsidiary signed an agreement to acquire 40% stake in energy investment company Nebras Power for $530 million, Reuters reports. Raslaffan Operating Company made the Read more
Turkish President Recep Tayyip Erdoğan will visit Saudi Arabia in February as Turkey works to thaw ties with Arab countries in the region. Erdogan also announced he will also discuss trade with Saudi authorities. Turkey has been pushing to end Read more
UAE’s top public prosecution will sue and investigate any who uses the internet to publish, circulate or spread false news, rumors or misleading information, contrary to the news published by official sources, reports say. Any person found guilty of publishing Read more
Energy Development Oman, the sultanate’s government-controlled energy company has appointed Mazin Rashid Lamki as CEO, Arab News reports. The company in a Tweeter statement said Rashid will assume office in the first quarter of next year. The new CEO has Read more
The Egyptian President Abdelfattah Al Sisi has authorized the ministry of Finance to provide a financial support worth about $3118 million for the national carrier, EgyptAir, to be used by the airline to fulfil external and internal financial obligations, Arab Read more
“He was an extraordinary human being. A thinker. A leader. A shepherd”: in unison with reactions from around the world, the Mandela Foundation described the loss of Desmond Tutu as “immeasurable”, for which a week of mourning is being observed, Read more
Egyptian President Abdelfattah al-Sisi inaugurated Wednesday the Gasoline Production Complex at the Assiut Oil Refining Company, expected to produce 800,000 tons of gasoline annually, Arab Finance reports. Located in Upper Egypt province, the company is the largest petroleum complex in Read more
The World Bank has granted Turkey two loans worth $300 million to support the development of renewable energy by tapping heat sources deep underground as part of the Geothermal Development Project, Daily Sabah reports citing the Washington-based financial institution. The Read more
The UAE and Bahrain will launch on Tuesday a joint nanosatellite to the International Space Station (ISS), Arab News reports, citing UAE state-run news agency WAM. “Light-1 will take off onboard a SpaceX CRS-24 flight on board of a Falcon Read more