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Saudi Energy Minister: Demand for Aramco Bond Issue Exceeds $30 Bln

Saudi Energy Minister: Demand for Aramco Bond Issue Exceeds $30 Bln

Saudi Aramco has received bids for more than three times the $10 billion it was expected to raise in a debut international bond issue, said Saudi Energy Minister Khalid al-Falih on Monday. Speaking at an event in Riyadh, he said he believed demand for the issue was “north of” $30 billion. The

Morocco Invests Over $13B in Energy Sector

Morocco Invests Over $13B in Energy Sector

Moroccan Minister for Energy, Mines and Sustainable Development Aziz Rabbah has announced that the amount of investments in the country has exceeded MAD130 billion (USD13.7 billion), noting that the government has adopted a "national preference" approach in selecting projects.

UAE: Dubai’s FDI Reaches $10.4 Bn in 2018

Crown Prince of Dubai and Chairman of Dubai Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced that the latest results of foreign direct investment (FDI) capital inflows in 2018 has reached $10.4 billion, a growth of 41 percent over 2017. Foreign investments enhanced Dub

Last Flight Leaves Ataturk as Istanbul Switches Airports

Last Flight Leaves Ataturk as Istanbul Switches Airports

The last commercial passenger flight took off from Istanbul’s Ataturk airport on Saturday and convoys of trucks ferried thousands of tons of equipment across the city to a giant new airport which Turkey plans to make the biggest in the world, reported Reuters. The mammoth transfer between the two

Saudi Arabia: Competition Law Aims to Combat Monopolistic Practices

Saudi Arabia: Competition Law Aims to Combat Monopolistic Practices

The regulations of the Saudi Competition Law have revealed that it aims to protect and promote fair competition and combat monopolistic practices that affect legal competition and the consumer’s interest. The regulations guarantee that the services and goods' prices conform to the market rules an

Boeing Cuts 737 Production Rate By 10 Planes per Month

Boeing Cuts 737 Production Rate By 10 Planes per Month

Boeing will cut production of its troubled 737 Max airliner this month, underscoring the growing financial risk it faces the longer that its best-selling plane remains grounded after two deadly crashes. The company said Friday that starting in mid-April it will cut production of the plane to 42 f

Lebanon Announces New Blocks for Offshore Energy Work

Lebanon Announces New Blocks for Offshore Energy Work

Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licenses, including four along disputed maritime borders, reported Reuters. Energy Minister Nada Boustani announced details in a televised news conference of the upcom

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