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February, 25, 2017

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Business > Middle East
Iran inks offshore gas deal with France's Total
Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January.
 
Dubai-Abu Dhabi Hyperloop mooted
The futuristic city-state of Dubai announced a deal on Tuesday with Los Angeles-based Hyperloop One to study the potential for building a line linking it to the Emirati capital of Abu Dhabi.
 
Saudi Arabia raised US$17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy.
 
Israel's energy minister was holding talks in Turkey on Thursday, the first such trip since the two countries normalized ties after the 2010 crisis triggered by Israel's deadly storming of a Gaza-bound aid ship.
 
Saudi Arabia said on Monday it was "not unthinkable" that the price of crude oil could surge to US$60 a barrel by the end of the year but warned against drastic production cuts that might shock markets.
 
Jordan defends Israel gas deal   following opposition at home
Jordan on Monday defended its deal to buy Israeli natural gas that has stirred public opposition, insisting the accord would not leave the Arab country reliant on the Jewish state.
 
An unauthorized drone forced Dubai airport to halt air traffic for about half an hour on Wednesday in the second such incident in four months, the airport authority said.
 
Qatar's international airport said Monday it is to charge passengers an exit tax as the energy-reliant emirate adjusts to falling oil prices.
 
Lebanese cigarettes see high demand from Syrians
Syria's conflict has caused hundreds of thousands of refugees to flee to Lebanon, putting a huge strain on the Lebanese economy and its already-crumbling infrastructure.
 
Egypt opens ethynyl plant
A handout picture released on Saturday, Aug. 13, by the Egyptian presidency shows a view of an ethynyl plant on the day of its inauguration in the coastal city of Alexandria.
 
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