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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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Overall, crude oil prices remain suppressed after breaching the $50 threshold earlier this year. (Shutterstock)
July 13th, 2016 - 08:00 GMT

Oil prices rise with release of OPEC report, but short term pressures remain

The developers hope to involve some of the 250,000 Filipinos currently living and working in Qatar to take part in the project. (MetroCebu.ph)
July 13th, 2016 - 07:00 GMT

First Filipino hospital to be established in Qatar

Snow City cost SR100 million and has been built over 5000 square metres with an hourly capacity of 350 people.  (Khaleej Times)
July 13th, 2016 - 06:00 GMT

It'll be a winter wonderland in Riyadh all year long as Snow City set to open

Chinese-Egyptian relations have developed positively over the past period after the Chinese President visited Cairo last January, in a trip that was the first of its kind in 12 years. (File photo)
July 13th, 2016 - 05:00 GMT

Egypt inks 18 multi-sector deals with China


Beirut came in above the Cambodian city of Siem Reap, but just below the historic Italian city of Rome.  (Shutterstock)
July 12th, 2016 - 12:00 GMT

Beirut earns a place on Travel and Leisure's 'World's Best Cities' list

St Petersburg Island will be surrounded by 90 floating seahorse villas, each connected to the island via floating jetties. (THOE)
July 12th, 2016 - 10:00 GMT

Love Island, Dubai style: St Petersburg Island to be heart-shaped honeymoon resort

Careem was founded in 2012 ex-McKinsey consultants Mudassir Sheikha and Magnus Olsson. (Careem)
July 12th, 2016 - 07:48 GMT

App-based car service Careem injects $100B into R&D

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 per cent over last year's forecast. (File photo)
July 12th, 2016 - 06:00 GMT

MENA will need over 3,000 new aircraft in next 20 years to meet demand

Analysts suggest that in Saudi Arabia, the old-age dependency ratio will rise to 23 per cent in 2050 from 4 per cent in 2015. (AFP/File)
July 12th, 2016 - 05:00 GMT

'Silver Saudis' may pressure government reforms on age-related spending

As part of the campaign tourist agencies will holiday deals at competitive prices tied to flights across the country.(EgyptAir)
July 12th, 2016 - 04:05 GMT

EgyptAir launches campaign to boost domestic tourism

The Qatar Airways cargo division’s fleet is scheduled to grow by 22 aircraft by 2017. (File photo)
July 11th, 2016 - 01:00 GMT

Qatar Airways' strategy pays off: Airline announces $439M net profits for 2016

Last year, outgoing Saudi tourists spent SR24.1 billion abroad. (File photo)
July 11th, 2016 - 12:40 GMT

Saudi Arabia rakes in $14B from tourism in 2016

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