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U.S. Troops For Syria Training Mission Seen Moving To Region Soon

The U.S. military has said it is planning to send more than 400 troops to train Syrian moderates outside the country.

No Oil Price Recovery Yet Despite US Shale Slowdown-IEA

For the whole of 2015, the IEA raised its estimate of the demand for OPEC crude by 300,000 bpd to 29.2 million bpd.

OPEC+meeting

OPEC To See Market Share Drop Even As Oil Slump Slows Shale Boom

OPEC forecast demand for the group’s oil will drop to 28.78 million barrels per day (bpd) in 2015.

Lactalis Subsidiary Tops Rival Bid For Egypt’s Arab Dairy

The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.

MENA To See Solar Projects Worth $2.7bn In 2015

Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.

Anger, Calls For Calm In Middle East Over New Charlie Cartoons

Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.

Oil Price Drop Unexpected, OPEC Was Right Not To Cut – Kuwait

Oil prices have collapsed about 60 per cent in the last six months.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments

Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.

Stock News: Mixed Earnings, Weak Oil May Dampen Gulf Markets

Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.

Gulf States Plan Laws To Curb Fuel Smuggling

The minister did not specify how the new laws would work, but said details would be released soon.

Iran’s Rouhani Says Countries Behind Oil Price Drop Will Suffer

Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.

Middle East’s Integrated Diagnostics Plans UK Listing

Up to 45 per cent of IDH could be listed, the company said.

Convenience Store Circle K To Open 28 New UAE Outlets In 2015

The move is part of a wider Middle East expansion plan to open 55 new branches this year.

Stock News: Gulf Markets Pull Back As Oil Continues Slide

rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.

Stock News: Gulf Markets May Extend Gain On Strong Q4 Results

Several regional companies published positive fourth-quarter earnings.

GCC Rail Projects To See Investments Worth $200bn

Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.

BMW Middle East Sales Up By 23% In 2014

The UAE accounted for 54 per cent of BMW’s sales in the Middle East, followed by Saudi Arabia and Kuwait.

Stock News: Most Markets Edge Up, But Industries Qatar Drags Down Doha

Industries Qatar fell its daily 10 per cent limit and was the main drag on Qatar’s index, which dropped 2.3 per cent.

Saudi’s ACWA Power Wins 1.7bn Euro Morocco Solar Power Deal

The two plants are the second phase of the 500 MW Ouarzazate project, which is part of a government plan to produce two gigawatts of solar power by 2020.

Bid Deadline For Egypt’s Arab Dairy Extended To January 22

Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt’s Arab Diary.

Middle East Carriers Post 12.9% Cargo Growth In November

Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.

Blizzards Hit Middle East, Refugees Bear Brunt

The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.

Stock News: Gulf Markets Stabilise After Sharp Drops

Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.

Egypt’s Bisco Misr Shareholders Agree To Sell Stake To Kellogg

Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.

Stock News: Gulf Sentiment May Stay Weak After Oil’s Plunge

Brent futures edged up early on Tuesday but traded below $54.

Three Saudi Guards Killed In Attack On Iraq Frontier

The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.

Blast Targets Houthi Base In Yemen Capital

The explosion left a hole in the wall of the building but no fatalities were reported.

Rouhani Urges End To Iran’s Isolation

Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.

UAE’s Dana Gas Says Receives $60m From Egyptian Government

Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.

Saudi Arabia To Reopen Baghdad Embassy After 25-year Chill

Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.