GCC | Egypt Oil & Gas - Part 2

Bahrain Amends Petrol Prices First Time in 33 Years

The Bahraini cabinet has just approved an amended price of petrol sales following the recommendations from the Executive Committee, as outlined in a memorandum submitted to Cabinet by the National Oil and Gas Authori ...

GCC to Introduce VAT by 2018

The Gulf Cooperation Council (GCC) states have agreed to introduce value-added tax in the region by 2018 subject to the signing of a final agreement.

Nuclear Power as Boon to GCC’s Energy Independence

The Gulf countries are looking at nuclear power as a beneficial and sustainable solution to the rising energy demand in the region, seeking energy self-sufficiency.

Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange

The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform.

Oil Prices a Threat to GCC, Kuwait Experts Say

Two Kuwaiti oil experts – Mohammad Al-Shatti and Amer Al-Tamimi – urged the GCC countries to put plans and take reform measures to face falling oil prices.

Oil Price Drop Brings Mixed Employment Blessings

According to a report by Oxford Strategic Consulting the current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent.

Green Grid Technologies Showcased at Saudi-GCC Conference

The 11th GCC-CIGRE International Conference was launched on Tuesday in Jeddah, Saudi Arabia, stretching from November 3-5.

Saudi Bonds and Spending Move in Opposite Directions

Standard and Poor, which previously downgraded Saudi Arabia's sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf's international bonds.

Qatar Summit Places Emphasis on Solar Power

The future of the power sector and plans to promote renewable energy resources in Qatar were discussed at length across two days at the recently concluded Power Qatar Summit 2015 in Doha

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

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