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State-run Kuwaiti energy company, Kuwait Oil Company (KOC) plans to invest more than $6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, reports say. An oil source reportedly told Read more
Saudi Arabia’s Local Content and Government Authority on Monday issued a list of 28 items that government contractors should buy only from national companies, reports notes, citing the agency. The directive, the agency notes, aims at supporting local products and Read more
Enwan Developments, real estate developer in Egypt, will launch the first technology mall, Pixel Technology Mall, in the Downtown area in the new administrative capital (NAC) with total investments worth around $19 million, reports say. The mall will serve the Read more
The kingdom of Saudi Arabia has banned serving ministers from heading boards of companies or being members unless directed by the head of the Cabinet as the Gulf country seeks to limit conflict of interest in companies and improve governance. Read more
Kuwaiti local media reported that prisoners sentenced to less than three years in in Kuwait will be allowed to serve their jail term in the comfort of their homes, provided they agree to wear a surveillance bracelet that tracks their Read more
King Mohammed VI appointed the winner in 2021 parliamentary election Aziz Akhannouch as Prime Minister and tasked him of forming a new government. RNI won 102 seats followed by PAM with 86 and Istiqlal party with 81 seats. The PJD Read more
The kingdom of Saudi Arabia is attending participating at a defense show in London in a move to attract international clients to its nascent military industries, Zawya reports. The General Authority of Military Industries (GAMI), the kingdom’s defense regulator is Read more
Global gaming company Stillfront Group AB has acquired 100 percent of the shares of Jordan-based Jawaker for $205 million in a move that bolsters the Swedish company’s presence in the Middle East and North Africa region (MENA). Founded in 2009, Read more
Spanish legendary goalkeeper and 2010 World cup winner Iker Casillas has launched in Dubai his goalkeeping academy tasked to develop talents around the world. The 40-year-old retired player will work on Iker Casillas Goalkeeper Training Centre alongside his former teammate Read more
Sudan has confiscated a shipment of arm from Ethiopia onboard Ethiopian Airline for fear that the arsenal was destined for use in “crimes against the state”, reports say. Authorities were reportedly of “the arrival of a weapons shipment from Addis Read more