Arabic

GCC chambers to honor inventors

GCC chambers to honor inventors

Under the patronage of Abdul Latif Al-Zayani, secretary general of the Gulf Cooperation Council, the Federation of GCC Chambers will be organizing the closing ceremony of the 2nd Gulf campaign for the GCC Inventors 2014 in Riyadh on Monday.

Gulf stocks reel on sliding oil prices

Gulf stocks reel on sliding oil prices

Share prices in energy-rich Gulf Arab states fell sharply at the start of the week Sunday, dragged down after oil prices plunged to new lows.

Jordan mulls Israeli gas to deal with energy crisis

Jordan mulls Israeli gas to deal with energy crisis

Jordan is running out of options to best deal with its energy crisis as geopolitical crises continue to engulf its tense neighborhood. Analysts say that in the end, the country will have no better choice but to strike a deal with Israel to supply gas despite dissenting notes.

Iraqi natural gas to reach Turkey by end of 2017

Iraqi natural gas to reach Turkey by end of 2017

Genel Energy is due to begin transferring Iraqi natural gas to Turkey by the end of 2017, and its volume thereafter will rise year on year, said Mehmet Sepil, president of Genel Energy.

Saudi nonoil exports hit SR177bn

Saudi nonoil exports hit SR177bn

Saudi nonoil exports rose by 7.5 percent to SR177.2 billion in the past 10 months of the current year compared to SR164.7 billion in the same period last year, according to a financial report.

Erbil to receive $17.5 bln from 2015 Iraqi oil budget

Erbil to receive $17.5 bln from 2015 Iraqi oil budget

The Kurdish Regional Government will receive $17.5 billion out of the expected $130 billion of the 2015 Iraqi oil budget, a Kurdish official said

KSA real GDP growth forecast at 3.4%

KSA real GDP growth forecast at 3.4%

Saudi Arabias response to the fall in oil prices has been to decrease its official selling price (OSP), with OSPs cut across all regions (Europe, America and Asia)

Kirkuk Governor: Oil revenue to Kurdish region delayed

Kirkuk Governor: Oil revenue to Kurdish region delayed

Revenue from oil exports to the Kurdish Regional Government is held up by government discussion of the 2014 budget, and by pipeline stoppages, Kirkuk Governor Najmiddin Karim said on Sunday

Egypt to import LNG from Algeria

Egypt to import LNG from Algeria

Egypt from April 2015 onwards will become an importer country of gas and oil with its deal with Algeria to import six cargoes of LNG, the Petroleum and Mineral Resources Ministry of Egypt said.

Qatar, King of LNG, faces challenges in Asia

Qatar, King of LNG, faces challenges in Asia

The negotiations between Pakistan and Qatar for the importation of LNG from Qatar are hindered because of Malaysian rivalry, according to Pakistani Petroleum and Natural Resources Ministry