15/05/2012 09:10 GMT
The Algerian Minister of Energy and Mining Youcef Yousfi deplored the backwardness of the national mining industry, and urged further efforts to boost the sector. "Algeria has considerable mining...
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20/05/2012 07:45 GMT
Bahrain’s oil output is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, Bahrain’s energy minister was quoted as saying. Dr Abdul-Hussain Ali Mirza,...
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20/05/2012 04:44 GMT
It remains a challenging time for the real estate sector in Cairo amid on-going uncertainty, however clarity is slowly returning to the Egyptian property market, according to a report.
The general...
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20/05/2012 09:47 GMT
Following recent media reports indicating that Iran is planning to file a lawsuit against France’s oil major Total for providing incorrect data for developing South Pars gas field to the benefit of...
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21/05/2012 04:23 GMT
Iraq announced on Saturday the names of foreign companies bidding to build a 1,500 megawatt (MW) power plant with a value of around US$1 billion in western Iraq, part of a drive to improve creaking...
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20/05/2012 05:45 GMT
Kuwait Financial Center, Markaz announced in a press release a net profit of US$10 million for the first quarter (Q1) ending March 31, 2012, as compared with a US$3 million loss during the same...
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16/05/2012 04:27 GMT
Azeri state energy company SOCAR plans to build an oil refinery and a chain of petrol stations in Libya under its own brand, the Azeri Foreign Ministry said. Azerbaijan's ambassador handed SOCAR's...
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21/05/2012 04:23 GMT
Small non-OPEC producer Oman expects to raise its average oil and condensate production to 915,000 barrels per day (bpd) in 2012, up from the 885,000 bpd last year, the oil ministry said. Based on an...
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21/05/2012 04:22 GMT
Qatar will deposit US$200 million at the Bulgarian Central bank as a guarantee it is serious about investing in the Balkan country, said the Prime Minister Sheikh Hamad Bin Jassim al-Thani.
'Today we...
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21/05/2012 04:28 GMT
Arabian Bemco Contracting Company (Bemco) has won a SR4.7 billion (US$1.25 billion) contract from Saudi Electricity Company (SEC) to build a power plant outside the capital Riyadh, an industry source...
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21/05/2012 04:26 GMT
UAE-based brokerage house, Al Ramz Securities, has announced that it has signed an agreement with Al Jazira Capital in Saudi Arabia to provide Ramz clients with access to Tadawul, the Saudi Stock...
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16/05/2012 05:36 GMT
The International Fund of Agricultural Development (IFAD) has allocated US$27 million to finance a new support program for Yemen in cooperation with European Union (EU). In addition, IFAD presented a...
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20/05/2012 08:47 GMT
Oil industry executives and bankers are assuming oil prices will stay above US$100 a barrel in the year ahead, despite mounting economic worries, a report said. Any fall below that level would...
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