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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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Iran will need at least 250-300 aircraft over the next decade to replace its aging fleet. (File photo)
June 8th, 2016 - 10:00 GMT

Iran Air's 'historic' deal with Boeing still faces issues to resolve

Egypt also plans cooperation with Jordan and the UAE on developing nuclear power. (File photo)
June 8th, 2016 - 09:00 GMT

Egypt-Saudi electricity linkage project nears completion

“The rebound in prices is probably a vindication of the OPEC policy of the past two years, although the trajectory for the balance of the year is likely to remain very volatile,” said the managing director of the DME.  (File photo)
June 8th, 2016 - 08:00 GMT

Oman crude oil prices jump nearly 100 percent from January lows

The plan also aims to improve the quality of services provided by the government and achieve a prosperous and sustainable future. (File photo)
June 8th, 2016 - 07:00 GMT

Saudi's National Transformation plan: First details revealed

Hilton Worldwide is rapidly expanding its portfolio of mid-market, upscale and luxury properties within its distinct portfolio of brands across the Middle East. (Trade Arabia)
June 8th, 2016 - 06:00 GMT

Hilton to open Waldorf Astoria Hotel at Dubai International Financial Centre

The partners state that the estimate of gas in Leviathan reservoir is still 21.9 trillion cubic feet. (File photo)
June 8th, 2016 - 05:00 GMT

Leviathan reservoir partners stand by their gas estimates

The SC is expected to deliver the new 40,000-seater Al Rayyan Stadium, designed by Ramboll and Pattern, in 2019. (SCDL)
June 8th, 2016 - 04:14 GMT

India's L&T secures $135M World Cup 2022 stadium contract

Deputy Crown Prince Muhammed Bin Salman is also the president of CEDA, a new super-committee of top ministers charged with overseeing reforms. (File photo)
June 7th, 2016 - 01:00 GMT

Saudi Arabia approves National Transformation Plan

The group claimed it had found Zuckerberg's password in a leaked LinkedIn password dump. (File photo)
June 7th, 2016 - 12:04 GMT

Saudi-based group claims responsibility for hacking Mark Zuckerberg's accounts

CFA professionals see VAT as a paradigm-shifting reform in the GCC's fiscal policy and are unanimous that it will lead to higher inflation. (File photo)
June 7th, 2016 - 11:00 GMT

VAT will hit demand for luxury items, cars, tobacco, real estate hardest: Survey

The paper banknotes of EGP1, EGP 0.5, and EGP 0.25 were removed from the market several years ago and were replaced with coins. (Shutterstock)
June 7th, 2016 - 10:00 GMT

Small change: Egypt Central Bank reprints $56M worth of EGP1 notes

The project consists of seven unique-shaped buildings which will house the administration wing, cultural centre, convocation hall, conference centre, university library, visitor centre and a grand mosque. (Sinohydro.com)
June 7th, 2016 - 09:00 GMT

Chinese firm lands $580M deal for Kuwait's massive 'university city' project

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