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Middle East

Piaggio drones: go-ahead from Italian Treasury

Piaggio drones: go-ahead from Italian Treasury

Genova - As required by the Military Procurement Code, Italy’s Economy Ministry (MEF) has sent Parliament, for its consideration, a draft ministerial decree for the “approval of a multi-year programme for the acquisition of Medium Altitude Long Endurance remotely piloted aircrafts.”

World Bank’s IFC calls for investment in Iraq reconstruction
Lebanon inks its first offshore leases

Lebanon inks its first offshore leases

Beirut - On Friday,Lebanon moved forward with its first offshore exploration lease by celebrating a contract signing with Total, Eni and Novatek. Israel vigorously protested the news, which will allow the foreign consortium to explore reserves in Lebanon’s Block 9

UAE mulls investment in Indian equipment

UAE mulls investment in Indian equipment

Dubai - The UAE is exploring investments in defence equipment manufactured in India, the country’s defence minister Nirmala Sitharaman said last week. Speaking to journalists in New Delhi, she said the relationship between the two countries has developed from a commercial one to a strategic partnership in critical areas

Turkey’s largest airport will open in October
Abandoned seafarers in UAE “a scourge that has to stop”
Shipyards: Croatia offers cooperation to Israel
Iraq, Orion sign deal to process gas from giant oilfield
DP World invested US $1-billion in 2017

DP World invested US $1-billion in 2017

Dubai - Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017 which included over US $1 billion in capital expenditure year to date

Germans to build 5th solar power plant in Hamedan
Ten killed in Iran protests and security forces repulse attacks
Saudi Aramco shipyard JV appoints CEO

Saudi Aramco shipyard JV appoints CEO

Dubai - Saudi Aramco and its partners have appointed Fathi K. Al-Saleemas chief executive of a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil

Bombardier wins an order from EgyptAir

Bombardier wins an order from EgyptAir

Montreal - Canadian aircraft manufacturer Bombardier on Friday announced the sale of 12 C Series aircraft to EgyptAir in a deal worth US$1.1 billion. The company said it signed a letter of intent last month for the sale of the 160-seat CS300 planes, with an option for another 12

Iraq invites bids to build new oil export pipeline

Iraq invites bids to build new oil export pipeline

Baghdad - Iraq has given foreign energy companies a month to signal their interestin building a new export pipeline from the Kirkuk oilfields in the north of the country. The new pipeline will replace an old and severely damaged section of the Kirkuk-Ceyhan pipeline

Milaha Shipyard repairs over 7,000 vessels

Milaha Shipyard repairs over 7,000 vessels

Doha - Milaha Shipyard has emerged as one of the leading shipyards in the region.The Shipyard has serviced and repaired over 7,000 vessels of various types so far, showing Qatar’s growing role in global maritime sector. The Shipyard is one of the oldest and most active in the region

Iran’s railroad transit up by 61%

Iran’s railroad transit up by 61%

Tehran - Head of the Islamic Republic of Iran Railway Company for Operation Affairs recalled that capacity of rail transport industry in Iran had plunged by 28 per cent during 2014-2015 mainly due to excessive bureaucracy and lack of profit-seeking visions.

Iran’s Saipa exported $1.2 billion in cars
“Russian energy minister did not discuss operations in Kurdistan with Iraqi officials”
DP World increases stake in Embraport

DP World increases stake in Embraport

Dubai - DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos

Saudi-led coalition allows first aid ship into Yemen’s Hodeidah port
Over 4,700 ‘active’ construction projects in Saudi Arabia
Quake magnitude 5.0 strikes southwest Turkey
As lira plumbs record low, Turkey says U.S. problems temporary
Turkish, Iraqi officials discuss resuming Kirkuk oil exports
Iraq to increase Kirkuk output to 1 mln bpd

Iraq to increase Kirkuk output to 1 mln bpd

Baghdad - Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to one million barrels per day and has visited the Bai Hasan and Avana fields to order work be accelerated to restore operations soon, the ministry’s spokesman said on Monday

Strong earthquake hits Iraq and Iran, killing more than 300
Desert route between Jordan and Iraq reopens
Strong earthquake hits Iraq-Iran border area, six killed in Iran
Rolls-Royce partners with ADSB

Rolls-Royce partners with ADSB

Abu Dhabi - Rolls-Royce has signed a partnership with Abu Dhabi Ship Buildingto provide shipbuilding, repair and refit services in support of the Gulf region. Rolls-Royce said Monday partnership will cover fixed service rates for onsite service attendance, turnkey repair projects, spare parts

Oil hits 2,5 year peak on Saudi purge

Oil hits 2,5 year peak on Saudi purge

London - Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges

Qatar plans to introduce direct shipping lines to North Africa
Saudi Arabia seeks new economy with $500 billion business zone with Jordan, Egypt
Germany approves sale of three Thyssenkrupp submarines to Israel
Too many threats to Turkey’s economy / EDITORIAL
Iran to launch new container service connecting Asia to Europe
Meridiana: Qatar Airways acquires 49% stake
Bahri showcases latest achievements

Bahri showcases latest achievements

Jeddah - Bahri,a global leader in transportation and logistics, participated in the General Directorate of Border Guards’ celebrations of the 87th National Day and the World Maritime Day. The celebrations included a range of events and special programs for this patriotic occasion

Saudi Aramco could disclose accounts early 2018
US fears hamper Iran’s animal feed imports
Iran ready for free trade with regional countries
Afghanistan seeks speedy development of Iranian port
Russia to give €1.2bn to Iran for power plant project
EU rejects punitive measures against Iran steel
Hyperloop train forges ahead
ADSB delivers to Kuwait on schedule

ADSB delivers to Kuwait on schedule

Abu Dhabi - Abu Dhabi Ship Building (ADSB) has reached another key landmark in its ongoing project to build vessels for the Kuwait Navy, with the formal acceptance of the landing craft Sabhan into service as part of the agreement signed with Ministry of Defense of Kuwait in 2015

HPH signs deal to operate Basra port terminal

HPH signs deal to operate Basra port terminal

Basra - Port development is picking up pace in Iraq after years of economic sanctions and internal strife that crippled trade to and from the Arabian country. Hong Kong-based Hutchison Port Holdings (HPH) last week reached an agreement with Nawah Port Management (NPM)

Iran ready to swap half a million barrels of oil per day
Tehran to bring totally homebuilt steel mill online
Trade at Jebel Ali Free Zone hits $80.2 billion

Trade at Jebel Ali Free Zone hits $80.2 billion

Dubai - Non-oil trade at Jebel Ali Free Zone rose 17% to $80.2 billion or an equivalent 27.9 million tons in 2016, from 23.9 million tons a year earlier. China kept its position as the free zone’s major player with $11.3 billion worth of non-oil goods, equipment and commodities being shipped in via the Jebel Ali port

Kuwait contains oil spill, power and water output normal