Leading News Source For Middle East
The Egyptian petrochemicals company ECHEM has signed a memorandum of understanding (MoU) with Riga Green; a UAE-based company, for the production of algae oil, a statement from the Egyptian Petroleum ministry has revealed. Algae oil is used in producing aircraft Read more
Turkey’s $20-billion plant project, the first ever by the country, is being threatened as Western sanctions heap up on Russia over its invasion of Ukraine. Operations of the first reactor of the Akkuyu Nuclear Power Plant, located on the Mediterranean Read more
Iraq will build a 750 MW solar power plant in the Southern Muthanna Governorate to cater for growing domestic demand according to the media citing the Electricity Minister. “We have decided to support Muthanna Governorate with a new solar power Read more
The Nigerian government has confirmed once again that the accomplishment of the gas connection with Morocco is a serious undertaking to which the Nigerian government is committed, just like Morocco. Speaking to the media, Timipre Sylva, Nigeria’s minister of state Read more
The war in Ukraine has “significantly” impacted the Middle East and North Africa region, with the crisis dealing a heavy blow to low-income countries while benefiting oil-producing states, the IMF said Wednesday. The International Monetary Fund’s 2022 growth forecast for Read more
UAE and Abu Dhabi-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project in Taiwan, Zawya reports according to a disclosure Read more
The European Union, EU, according to the bloc’s Executive Vice-President Frans Timmermans, is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term – and contribute to building a local green hydrogen production facility Read more
Galfar Engineering & Contracting, Oman’s leading construction firm has announced it has landed a contract valued $195 million for the implementation of part of the prestigious The Sustainable City – Yiti project, reports say. The company will build a Plaza, Read more
King Mohammed VI of Morocco has vehemently condemned the repeated attacks on Saudi oil storage facilities as subversive and terrorist acts against vital and civilian facilities in Saudi Arabia. This came in a message of solidarity king Mohammed VI addressed Read more
Oman will use its high revenues from oil to pay the country’s public debt, the country’s ruler Sultan Haitham bin Tariq Al Moazam has said, according to Zawya. “Oil and energy prices started to rise and reached record numbers, and Read more