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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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Investment in roads, infrastructure, water, sewage and desalination plants are being made thanks to Arab development fund grants. (Shutterstock)
May 30th, 2016 - 08:00 GMT

Egypt to establish $92M industrial zone in South Sinai

Shangri-La Hotel, Qaryat Al Beri, Abu Dhabi. (Shangri-La)
May 30th, 2016 - 07:15 GMT

New municipality fees at Abu Dhabi hotels to passed on to guests

The use of shocking images on cigarette packaging has been introduced in Australia. (Globedia)
May 30th, 2016 - 05:00 GMT

UAE to scare smokers with gory pictures, higher cigarette taxes

Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

(Shutterstock)
May 30th, 2016 - 04:12 GMT

Israel-Jordan gas export agreement 'soon': Noble Energy

The Swissotel, Movenpick Hajar Tower and Mecca Clock Royal Tower Hotels in Mecca. (Booking.com)
May 29th, 2016 - 11:24 GMT

Mecca hotels to target 80 percent Saudization by end 2016

The Americana Group also includes Costa Coffee, Baskin Robbins and Krispy Kreme franchises. (Americana Group)
May 29th, 2016 - 10:00 GMT

Adeptio abandons plans for stake in Americana-Kuwait Food Co

Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29th, 2016 - 09:00 GMT

Saudization of telecoms leads to 83 percent drop in shop rents

The report outlines the dynamics that force children to work instead of attend school. (ILO/Tabitha Ross)
May 29th, 2016 - 07:00 GMT

Human rights report decries unregulated refugee child labor in Jordan

Ahead of an Iranian delegation to Saudi on Tuesday, Iran sent a letter listing its rightful demands and propositions aimed at ensuring safety for Iranian nationals during the Hajj.  (Wikimedia Commons)
May 29th, 2016 - 06:00 GMT

Saudi-Iran Hajj talks: Five contentious points still under discussion

The Hezbollah International Financing Prevention Act is a bill introduced in 2014 that sought to impose on institutions that facilitate transactions on behalf of Hezbollah or its agents. (File photo)
May 29th, 2016 - 05:00 GMT

Hezbollah in 'worst financial shape for decades': US

Lockheed Martin would be the principal contractor for the sale. (Wikipedia)
May 29th, 2016 - 04:00 GMT

US approves sale of Javelin missiles to Qatar

A foreign ministry spokesman said the Swiss government had blocked about $650 million in the case of Egypt, and $61 million in the case of Tunisia. (Twitter)
May 26th, 2016 - 12:26 GMT

New Swiss banking law to help repatriate $650M of looted assets to Egypt

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