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Turkey plans first overseas deepwater energy exploration in Somali waters
January 2nd, 2026 - 05:09 GMT
Osama Ali

Osama Ali

Turkey plans first overseas deepwater energy exploration in Somali waters

ALBAWABA - Turkey is set to embark on its inaugural overseas deepwater energy exploration, with a drilling vessel slated for deployment in Somali waters next month, as revealed by Turkish Energy Minister Alparslan Bayraktar. Bayraktar announced that the drilling ship Cagri Bey will head to Somalia in February to commence offshore exploration. The operation will concentrate on maritime zones along the Somali coast, though specifics regarding potential reserves or the ...
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Fethullah Gulen, currently in the US. (AFP/File)
July 24th, 2016 - 01:00 GMT

In wake of failed coup, Turkey shuts down all Gulen-linked businesses

Dubai is seeing exponential growth in foreigners owning property in the emirate. (AFP/File)
July 24th, 2016 - 12:00 GMT

Saudis, Jordanians top the list of Arab property buyers in Dubai

All Dubai residents must have health insurance by the end of 2016. (Shutterstock)
July 24th, 2016 - 09:00 GMT

Mandatory health insurance required for Dubai residents

The World Bank is offering a series of loans to Jordan. (AFP/File)
July 24th, 2016 - 07:00 GMT

World Bank offers Jordan $1.4B over six years for Syria response

HSBC Switzerland is at the center of an international, multi-billion-dollar scandal. (AFP/File)
July 24th, 2016 - 06:00 GMT

Swiss Leaks revisited: Strong Egyptian presence in banking scandal

Government services are moving online to better understand big data. (Shutterstock)
July 24th, 2016 - 05:00 GMT

Government services increasingly digitized in MENA to collect big data

Economic growth in the country had been subdued ever since oil prices fell from record highs two years ago. (File photo)
July 21st, 2016 - 12:00 GMT

Bahrain's full foreign ownership move to boost property market

Egypt's rail authority is facing significant losses. (Shutterstock)
July 21st, 2016 - 11:00 GMT

Egypt’s rail authority expects EGP 4.5 billion loss for 2016/17

While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
July 21st, 2016 - 09:00 GMT

Turkey takes steps to reassure international investors in wake of failed coup

Prime Minister Hani Mulki attends the signing of a deal between Jordan and the EU on simplifying the rules of origin. (Photo courtesy of EU mission)
July 21st, 2016 - 07:02 GMT

Jordan and EU approve 10 year trade deal

Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
July 21st, 2016 - 06:13 GMT

Lebanon to ensure local banks comply with US anti-Hezbollah law

The Middle East, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 per cent this year and 3.3 per cent for 2017. (AFP/File)
July 21st, 2016 - 05:41 GMT

IMF predicts growth in Middle East but warns of Brexit impact on global economy

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