GCC | Egypt Oil & Gas - Part 2
Bahrain Amends Petrol Prices First Time in 33 Years
The Bahraini cabinet has approved an amended price of petrol sales following recommendations outlined in a memorandum submitted to cabinet by the National Oil and Gas Authority (NOGA), reported Gulf Digital News. The ...
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, the UAE’s Finance Ministry informed, according to Al-Arabiya....
Nuclear Power as Boon to GCC’s Energy Independence
Speaking at the Third Arab Forum on the Prospects of Nuclear Power for Electricity Generation and Seawater Desalination being held in Manama, Assistant Secretary General of the Arab Union of Electricity, Mohamed Al Sa...
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, reported the Omani Oil and Gas Review. The Omani ...
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, reported KUNA. They reminded the GCC states that they depend ...
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, said Trade Arabia. Many oil and ...
Green Grid Technologies Showcased at Saudi-GCC Conference
Trade Arabia reported the launch on Tuesday of the 11th GCC-CIGRE International Conference in Jeddah, Saudi Arabia, stretching from November 3-5. ABB, a leading power and automation technology group, is showcasing its...
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, reported Reuters. The argum...
