Sunday 25 January 2015
 
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Arab energy spend ‘could slow down to $685bn’

Set against the backdrop of regional turmoil, economic uncertainties and a declining oil price, energy capital investments in the Arab world will total $685 billion over the next five years, less than levels projected last year, a report said.

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Arab energy spend ‘could slow down to $685 billion’

Set against the backdrop of regional turmoil, economic uncertainties and a declining oil price, energy capital investments in the Arab world will total $685 billion over the next five years, less than levels projected last year, a report said.

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Apicorp seals $267m funding deal with Al-Rajhi

Arab Petroleum Investments Corporation (Apicorp), a multilateral bank owned by Arab states, has sealed a Shari’ah-compliant facility worth SR1 billion ($267 million) with top Saudi lender Al Rajhi Bank. The five-year bilater

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Mideast consortium to acquire National Petroleum

A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (Apicorp) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services, Fajr said on Tuesday. The tr

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Experts discuss Mena energy markets outlook

Energy industry leaders from the region converged in Kuwait to discuss the outlook for oil and gas markets in the Mena region at the second annual Apicorp 2013 Symposium which began on Monday. Organized by Arab Petroleum Investmen

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Apicorp signs IDB credit insurance policy

Arab Petroleum Investments Corporation (Apicorp) has signed a documentary credit insurance policy (DCIP) with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). ICIEC is an affiliate of the Islamic

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Apicorp CEO named ‘Newsmaker of the Year’

The chief executive and general manager of Arab Petroleum Investments Corporation (Apicorp), an inter-Arab joint stock company, was presented the ‘Newsmaker of the Year’ award at a ceremony held in Dubai yesterday (October 30).

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Apicorp boosts stake in Egyptian chemical firm

Canada's Methanex agreed to sell a 10 per cent stake in Egyptian methanol producer EMethanex to one of its joint venture partners Arab Petroleum Investments Corp (Apicorp) for $110 million, Apicorp said on Tuesday. The move fo

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Apicorp buys key stake in Saudi energy firm

Arab Petroleum Investments Corporation (Apicorp), a Saudi-based multilateral bank owned by the Arab states, has reached a deal with Arabian Pipes Company (APC) to acquired its 5.62 per cent equity stake in Saudi-based Industrialization and Energ

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Apicorp net profit surges 31pc in H1

Arab Petroleum Investments Corporation (Apicorp), a Saudi-based multilateral bank owned by the Arab states, said its net profit for the first half of 2013 grew 31 per cent to $66 million from $51 million the previous year. Apicorp

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