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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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The Ministry of Planning is preparing the general plan of the first phase of the New El Alamein city, which will come up over a 33.6 million sq m area in the north-western coast of Egypt. (Shutterstock)
July 11th, 2016 - 12:00 GMT

Egypt plans $337M El Alamein residential city

Inspections will continue until the 100 per cent Saudisation deadline on September 2.  (Newstoday.pk)
July 11th, 2016 - 11:00 GMT

Saudi Arabia shutters over 1000 mobile phone shops over Saudization law violation

The report shows that the overall PMI is also constrained by anaemic employment gains. (Shutterstock)
July 11th, 2016 - 10:35 GMT

UAE’s non-oil private sector expands, but prepares for summer slowdown

The global banking industry currently spends $500 billion on technology. (Shutterstock)
July 11th, 2016 - 08:00 GMT

GCC banks playing catch up with financial technology

OAMC is striving to become one of the top airports in the world by 2020. (File photo)
July 11th, 2016 - 05:59 GMT

Oman airports introduce measures to address delays

The agreement includes the creation of playgrounds, purchasing equipment and furniture, building the capacities of teachers and paying their salaries.  (UNICEF)
July 11th, 2016 - 05:04 GMT

Jordan receives $39.3M UNICEF grant for education

The contract comes as crude oil prices are holding steady in the $50 per barrel range, after plummeting below $30 per barrel early this year. (Shutterstock)
July 10th, 2016 - 01:00 GMT

Singapore's Swiber Holdings wins $215M pipeline project contract in Qatar

The shockwaves of the Brexit vote have extended worldwide and the fallout will affect the air transport industry, from both economic and regulatory perspective. (Emirates)
July 10th, 2016 - 12:00 GMT

Middle East airlines register strongest traffic growth globally this year: IATA

Solar energy technologies have not been adopted in the past because of their relatively high cost, but trends are changing. (Shutterstock)
July 10th, 2016 - 11:30 GMT

Solar energy could meet 20 percent of Qatar's power needs by 2030

Saudi Deputy Crown Prince Mohammad bin Salman Al Saud visits the aircraft carrier USS Theodore Roosevelt in July 2015. (US Navy)
July 10th, 2016 - 08:59 GMT

Booz Allen Hamilton inks $12M contract for Saudi Navy support services

Tourism revenues dropped by 40 percent to $3.3 billion from $5.5 billion during July-March compared to the previous year, according to the CBE. (File photo)
July 10th, 2016 - 08:12 GMT

Egypt’s balance of payments deficit skyrockets 260 percent

Further delays in passing the decrees two decrees could jeopardize the chances of Lebanon drilling for gas in the coming few years. (File photo)
July 10th, 2016 - 06:00 GMT

Lebanon to offer ten offshore oil blocks up for international bids

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