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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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Some see the Saudi government’s investment in Uber as a direct attack on future reforms that might allow women the right to drive
June 7th, 2016 - 08:00 GMT

Uber to create 100,000 jobs in Saudi Arabia

Microsoft headquarters in Mountain View, California. (Shutterstock)
June 7th, 2016 - 07:00 GMT

Microsoft opens R&D office in Nazareth, will target Arab engineers

All fines collected will be allocated to support efforts to raise awareness on the harmful effects of smoking and tobacco products across the Kingdom. (Shutterstock)
June 7th, 2016 - 06:00 GMT

Butt out: Saudi Arabia to impose fines for smoking in public areas

Prices are expected to increase from 60 to 85 fils per litre for 91 octane, from 65 to 105 fils per litre for 95 octane and from 90 to 165 fils per litre for 98 octane. (File photo)
June 7th, 2016 - 05:00 GMT

Kuwait to raise fuel prices due to squeezed subsidy budget

The payments were made at the company’s head office in Hamadaniyah district in east Jeddah. (File photo)
June 7th, 2016 - 04:34 GMT

About time: Binladin Group pays off more workers

Barclays currently has 56 large branches in Egypt and is considering opening small branches. (Transdoc)
June 6th, 2016 - 12:00 GMT

Barclays pushes through with Egypt expansion despite bank sale

Jordan has set ambitious targets for the development of domestic shale, renewable energy and nuclear power. (Shutterstock)
June 6th, 2016 - 10:00 GMT

Power play: Jordan revs up on renewables

The new comprehensive and amended act will contribute to combatting money laundering and terrorist financing in addressing legislative shortcomings,. (Shutterstock)
June 6th, 2016 - 09:00 GMT

Oman gets tough on terror funding and money laundering

London's financial district featuring the neo-futuristic skyscraper known affectionately as the Gherkin. (Shutterstock)
June 6th, 2016 - 08:00 GMT

Gulf investors delay property deal decisions over Brexit fears

The announcement coincides with the visit of Indian Prime Minister Nardendra Modi to Qatar this week. (Pixabay)
June 6th, 2016 - 06:00 GMT

Qatar’s Al Sawari Holding enters Indian hotel market with deal near Taj Mahal

According to Muscat Municipality, the Central Vegetable Market in Mawaleh has received over 28,000 tonnes of fruits and vegetables to meet the needs of domestic consumers during Ramadan. (Times of Oman/Jun Estrada)
June 6th, 2016 - 05:00 GMT

Oman's fruit and vegetable prices skyrocket for Ramadan

This is Sheikh Hasina’s first visit to Saudi Arabia since King Salman was crowned king and head of government. (SPA)
June 6th, 2016 - 04:16 GMT

Bangladesh to send 500,000 workers to Saudi over two years

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