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Zain Group boss is top Kuwait-based CEO on Forbes Middle East list of top executives
Forbes Middle East has named Bader Nasser Al-Kharafi, the CEO of Zain Group. as one of the top 100 CEOs in the Middle East for 2022.
He is ranked 35th and leads a number of other Kuwait-based executives on the list, including Sheikha…
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Egypt: PMI sees its biggest slump in 2 years; trade balance deficit falls by 53%
Sharply rising prices and currency devaluation have resulted in Egypt’s non-oil private sector’s biggest drop in two years in June. Additionally, the country’s trade balance deficit fell by 53 percent during April.
Egypt’s non-oil…
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US targets Iranian oil and petrochemical trade network
The US Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia.
Treasury’s Office of Foreign Assets…
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Russian company begins deliveries of “vegetable meat” to the United Arab Emirates
One of the largest food companies in Russia, "IFCO", began to supply "vegetable meat" to retail chains in the UAE, in general, sales of this product are growing at an average of 30% per year.
Sergey Ivanov, CEO of the company, told…
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Shell signs agreement with Qatar Energy
Energy Shell announced today, Tuesday, the signing of an agreement with the Qatari oil and gas company, Qatar Energy, on a major project for liquefied natural gas in the Northeast Field.
The signing ceremony was held in Doha, in the…
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The first airline in Saudi Arabia to offer the option of payment in installments to its customers
"Flynas" became the first Saudi airline to offer the option of payment in installments to its customers, after it signed, today, Tuesday, an agreement with the "Amazon" company for electronic payment services.
Under the agreement, flynas…
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Norway’s gas exports may fall due to workers’ strike
The Norwegian Oil and Gas Company has warned that an extended strike by Norwegian oil and gas workers could lead to a drop in gas exports of more than 50 percent.
In a statement, the company said: “Approximately 60 percent of gas exports…
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GCC stocks down for second straight month in June amid recession fears
Stock exchanges in the Gulf Cooperation Council states logged their second straight monthly decline in June as fears over inflation and recession rattled investors.
MSCI GCC Index, which captures the performance of indexes across the…
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Germany is sounding the alarm.. Industries are in danger due to the lack of gas in the country
The head of the German Federation of Trade Unions, Yasmine Fahimi, announced the danger of stopping entire industries in the country, due to a shortage of gas.
The President of the German Federation of Trade Unions, Fahimi, came during an…
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OPEC secretary general joins Atlantic Council
Mohammad Sanusi Barkindo, secretary general for the Organization of the Petroleum Exporting Countries, will join the Atlantic Council as a distinguished fellow in the Global Energy Center.
Barkindo will take part in the Atlantic Council…
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