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Austria to bolster ties with Qatar
Source : The Peninsula  
Date : 2016-12-02
Austria is looking to further bolster its ties with Qatar. After witnessing a jump in Austria’s exports to Qatar in 2015, the country wants to attract Qatari investments....
Let Opec celebrate; for now
Source : Gulf Times  
Date : 2016-12-02
The oil club is dizzy with its own success after a harmonious meeting in Vienna, where it surprised the world by agreeing to its first production cut in eight years....
Construction work at Oman refinery on track
Source : tradearabia  
Date : 2016-12-02
The construction activities are in the advanced stage of completion at major units of Sohar refinery in Oman under a major revamp plan by Oman Oil Refineries and Petroleum Industries...
King Salman inaugurates mega-projects Sadara and Satorp
Source : tradearabia  
Date : 2016-12-02
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has inaugurated the Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co (Satorp)....
Mubadala invites bids for Abu Dhabi island work
Source : tradearabia  
Date : 2016-12-02
UAE-based Mubadala Development Company has invited expressions of interest (EOIs) from leading construction companies for key landscaping works as part of the Al Maryah Island Promenade Extension project....
Iran, Azerbaijan discuss settlement of banking issues
Source : Islamic Republic News Agency  
Date : 2016-12-02
Speaking to IRNA upon return from his Baku visit, Vaezi said he had also discussed providing the finance needed for commissioning a project for building rail bridge between Rasht in...
Zangeneh hails OPEC's crucial decision
Source : Islamic Republic News Agency  
Date : 2016-12-02
Talking to TV after participation in the 171st OPEC meeting, Zangeneh said oil prices will stand above 50 dollars a barrel in light of cooperation on the non-OPEC side....
Pres. to submit budget bill of almost $100b on Dec. 4
Source : Islamic Republic News Agency  
Date : 2016-12-02
President Rouhani said in a ceremony, held to unveil the budget bill, that the bill will be tabled at Majlis on Sunday, December 4....
Output cut deal 'may leave field open for US shale drillers'
Source : Arab News  
Date : 2016-12-02
Analysts believe global oil markets are entering a period of greater volatility after OPEC’s decision on Wednesday to cut output....
Oil price gains from Opec production cut deal seen supporting Gulf markets
Source : Gulf Times  
Date : 2016-12-02
The deal to cut oil production, the first in eight years by the Organisation of Petroleum Exporting Countries, has the potential to lift the price as high as $55...
Presidential aide hails Iran-Russia agreement on oil market
Source : Islamic Republic News Agency  
Date : 2016-12-02
Aboutalebi, the deputy chief of staff of the presidential office for political affairs, made the remarks in a post in his official Twitter account....
Sharjah economy slows; growth may stay at 4pc
Source : tradearabia  
Date : 2016-12-02
The economy of Sharjah, a UAE emirate, has slowed with nominal GDP growth expected to remain around 4 per cent into 2017 compared to 6 per cent on average in...
Nakilat transitions LNG vessel to in-house management
Source : The Peninsula  
Date : 2016-12-02
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Al Ghuwairiya from STASCo (Shell Trading and Shipping Company Ltd) with effect from December 1, 2016, as part...
King Salman inaugurates 6 Aramco mega projects
Source : Arab News  
Date : 2016-12-02
King Salman on Thursday inaugurated six Saudi Aramco mega projects in the company's main building in Dhahran....
Oil gains on Opec cut hopes
Source : Gulf Today  
Date : 2016-12-01
Oil jumped more than 8 per cent and the dollar, US bond yields and stocks all pushed higher on Wednesday as signals from Opec suggested the group was closing in...
Qatar Chamber eyes grain storage project in Doha with Russia
Source : Gulf Times  
Date : 2016-12-01
Discussions are ongoing to transform Qatar into an export hub for grain from Russia to address food security issues in the region and in other neighbouring countries, Qatar Chamber vice-chairman...
Kuwait completes construction of $1.7bn utility plant
Source : tradearabia  
Date : 2016-12-01
Kuwait has announced the successful completion of the construction phase of its $1.7-billion Azzour North One, the first independently-owned utility plant in the country and has now started the launch...
Iran, Azerbaijan should use existing capacities for boosting cooperation
Source : Islamic Republic News Agency  
Date : 2016-12-01
In a meeting with Azerbaijan Minister of Emergency Situations Kamaladdin Heydarov on Wednesday, he referred to further development of bilateral ties, describing historical, religious and cultural bonds between the two...
Kuwait stocks 'eke' modest gains
Source : Arab Times  
Date : 2016-12-01
Kuwait stocks eked modest gains on Wednesday as it extended its advance to fourth straight session. The price index climbed 10.87 pts to 5,554.46 points in choppy trade helped by...
Trading volumes surge ahead
Source : Times of Oman  
Date : 2016-12-01
Trading volumes on the Muscat bourse were driven by special deals. However, the MSM30 Index remained stable at 5,487.68 points, up by 0.12 per cent....
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