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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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Abu Dhabi's Global Market Square on Al Maryah Island, Abu Dhabi's new financial district. (CTBUH.org)
July 10th, 2016 - 04:58 GMT

Abu Dhabi Global Market announces new financial partnership with Paris Europlace

US President Obama is expected to block the latest measure by the Congress. (File photo)
July 10th, 2016 - 04:11 GMT

New US legislation threatens Iran's Boeing deal

After the war, BP and Shell won big contracts to develop oil fields in the south of Iraq, (AFP/Dan Kitwood)
July 8th, 2016 - 05:54 GMT

Chilcot report: UK oil companies were 'well placed' to reap contracts after Iraq invasion

Kempinski Summerland Hotel & Resort also includes residential apartments that are separate from the hotel and resort. (Summerland)
July 5th, 2016 - 11:00 GMT

Lebanon's $500M Summerland Hotel set to reopen after years of renovation

Coca Cola's social responsibility program looks to help develop 60 more villages before 2020. (Coca Cola)
July 5th, 2016 - 10:00 GMT

Coca Cola plans $500M investment in Egypt market

The transfer of funds to Gaza banks will be carried out with Israel's security considerations in mind, according to the agreement.  (AFP/Mohamed Abed)
July 5th, 2016 - 09:00 GMT

Israel to allow Gaza banks to receive transfers via Turkey

Contraction in the nominal GDP in Oman in 2015 was mainly due to the sharp fall in crude oil prices in the global markets and fiscal policies pursued by the government. (Times of Oman)
July 5th, 2016 - 08:00 GMT

Oman: Low oil prices end five years of economic growth

Analysts at Morgan Stanley said there were also signs prices could fall again soon, pointing at stalling gasoline demand and more oil from Canada and Nigeria after production problems. (AFP/Mohammed Al Shaikh)
July 5th, 2016 - 07:00 GMT

Saudi oil minister optimistic market is 'heading towards balance'

The May 2017 forum will be the ninth hosted by Jordan since the first conference in 2003. (AFP/File)
July 5th, 2016 - 06:00 GMT

Jordan to host MENA's World Economic Forum in 2017

Chototel will harness construction technology called light gauge steel framing, which minimises its carbon footprint by using a method that eliminates the use of bricks and wood as raw materials. (Twitter)
July 5th, 2016 - 05:11 GMT

Super-economy hotel will offer $2 a night rooms in UAE

EgyptAir revealed they would incur a $2 million loss in case the daylight saving time was cancelled. (Shutterstock)
July 5th, 2016 - 04:50 GMT

Egypt to scrap daylight savings time from July 7

CBS Reality and Jim Jam will also join beIN from August 1. (beIN Media Group)
July 4th, 2016 - 12:48 GMT

BeIN to launch 12 new channels, targets up to 80 channels by end-2016

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