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Iran clears 29 foreign firms for energy project bidsIran has certified 29 companies from more than a dozen countries to bid for oil and gas projects using the new Iran Petroleum Contract (IPC) model, a report said. Companies include Shell, France's Total, Italy's Eni, Malay More… |
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Saudis woo foreign firms to build 1.5m housing unitsSaudi Arabia will offer foreign and local property developers partnership deals in a vast housing construction programme that aims to build 1.5 million homes over the next seven or eight years, said the country's housing minister. More… |
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Iran boosts oil output, foreign firms keen to seal dealsIran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. Ot More… |
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Iran boosts oil output, foreign firms keen to seal dealsIran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. Ot More… |
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Iran invites foreign firms to develop its oil industryIran is inviting foreign investors to actively develop the Opec member's energy industry after implementation of a historic nuclear deal reached between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursda More… |
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Iran automotive market 'on edge to take off'Iran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be business-ready following the deal with world powers, a report said. More… |
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Iran on the cusp of big boost in automotive marketIran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be business-ready following the deal with world powers, a report said. More… |
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Foreign firms cautious as Saudi opens up bourseThe opening of Saudi Arabia's bourse to direct foreign investment may create billions of dollars of business but international banks and fund managers are cautious about expanding their operations in the kingdom. Regulatory ob More… |
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Egypt to repay foreign energy firmsHSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the banks said. More… |
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Egypt's debt to foreign oil firms up at $5.9bnEgypt's debt to foreign oil companies operating in the Arab country was $5.9 billion by the end of April, the head of the state-run oil company said in remarks published on Wednesday. Money owed to foreign oil majors including More… |
