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MENA News
Oil prices rise on Middle East turmoil
Oil prices bounced back in early trade on Tuesday and the barrel trading is reaching $80 in some geopolitical risk…
ADNOC Gas and GAIL India ink 10-year LNG supply deal
ADNOC Gas plc declared on Tuesday a 10-year contract to provide GAIL India Limited, India’s top natural gas…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
Nigeria’s naira falls to record low vs U.S. dollar
Nigeria's naira fell to as low as 1,421 against the dollar on the official market on Friday, according to FMDQ…
EGYPES: Global energy leaders to address energies of the future on Feb. 19
Egypt Energy Show (EGYPES) is taking place at Egypt International Exhibition Centre (EIEC) on February 19-21, under…
UAE’s SAIF Zone signs MoU with Tokai Optical
UAE ‘s Sharjah Airport International Free Zone (SAIF Zone) signed a memorandum of understanding (MoU) with Tokai…
UAE’s SIB partners with Noqodi for digital payments
Sharjah Islamic Bank (SIB) announced a strategic alliance with Noqodi, a top fintech and payment gateway firm owned…
Hapag-Lloyd to offer transits in S. Arabia over Red Sea attacks
German shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the…
Saudi SABIC invests $6.4 bln in China petrochemical plant
Saudi Basic Industries Corp. (SABIC) has finalised the investment of 44.8 billion yuan ($6.4 billion) to build a…
Oil prices fall amid Red Sea risks
Oil prices decreased globally as the OPEC member Libya resumed output of its largest field Sharara, bolstering…