Middle East
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Egypt tries to position itself as grain hub
Cairo: The government has begun taking steps to convert Egypt into a global logistics centre for the handling and storage…
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Summit discusses Somalia challenge
Dubai: Piracy, terrorism and criminal activities originating in Somalia can only be addressed by creating a climate of security, engagement…
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Dredging contracts handed out for new Suez Canal
Cairo: Egypt has signed two contracts with a consortium of six international firms for the dredging work of the new…
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More direct calls expected at Sohar
Singapore: The switch of cargoes from Muscat to the port of Sohar in Oman should bring solid growth in shipping…
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Falling oil price threatens Iranian infrastructure plans
Dubai: Falling oil prices could put a stop on infrastructural development in Iran, an analyst said today. Dr Mehrdad Emadi,…
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Gulf Navigation gets go-ahead for bond conversion
Dubai: Gulf Navigation Holding has received regulatory approval to convert $60m (220m AED) of bonds into shares to settle its…
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Dubai Petroleum finds gas in offshore Dubai well
Dubai: Dubai Petroleum Establishment (DPE) has identified significant volumes of gas in its T-02 deep gas exploration well, located in…
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Canal debate divides industry
Singapore: The latest quarterly online poll for our sister title, Maritime CEO, has garnered more than 300 votes with just…
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Hodeidah port falls to Huthi militants
Dubai: Yemeni rebels have seized a major port city. The Huthi Shiite rebels met little resistance as they overran Hodeidah…
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Sohar to offer LNG bunkering services
Muscat: Sohar Port and Freezone is to offer ship-to-ship LNG services to vessels, following an announcement at the 2014 Singapore…
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Transworld and NAWAH co-operate at Iraq’s Port of Basra
Dubai: Dubai-based companies Transworld Group and NAWAH have entered into a formal agreement to jointly handle import cargo at the…
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Israel Corp to spin off Zim
Cairo: Israel Corp will list a company comprising some of its less profitable assets in Tel Aviv and New York…
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Another big win for Drydocks World
Dubai: Drydocks World has signed an agreement with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform…
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Strike cripples Kuwait’s ports
Dubai: Despite claims by the Kuwait Ports Authority (KPA) that operations are normal at its ports, a strike by the…
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Gulf Petrochem looks to buy out Sah Petroleum
Dubai: UAE-based Gulf Petrochem Group has made an open offer to acquire 26% of Sah Petroleums Ltd, a leading manufacturer…
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Baghdad starts blacklisting tankers taking Kurdish oil
Dubai: Despite Baghdad’s best efforts to clamp down on exports of Kurdish oil, another tanker has sailed with the fuel.…
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Subtech Saudi Arabia to rebrand as Thai firm ups stake
Bangkok: Mermaid Subsea Services (MSS), part of Thailand’s Mermaid Maritime Public Company, has increased its shareholding interest in Subtech Saudi…
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Will calmer seas see pirates head back to sea?
Dubai: Heavy monsoon weather over the past quarter helped ensure there were no piracy attacks at all in the Gulf…
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National Iranian Tanker Company officially returns to European market
Dubai: The National Iranian Tanker Company (NITC) is returning to the European market after EU sanctions imposed on the company…
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United Arab Shipping Company opens North American HQ
Dubai: United Arab Shipping Company has opened its North American headquarters at Peachtree Corners, Norcross, Georgia. The new 50,000-square-foot office will…
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