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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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Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
May 26th, 2016 - 11:24 GMT

Islamic Development Bank green lights $3B loan to Iraq

The agreement was signed yesterday during a ceremony at Al Jazeera headquarters in the Qatari capital Doha.  (AFP/Tuck/Ullstein Bild)
May 26th, 2016 - 10:07 GMT

Al Jazeera, Anadolu Agency sign training cooperation agreement

Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26th, 2016 - 09:39 GMT

Iraqi-Jordanian oil pipeline construction to begin this year

The merger negotiations between CBC and AlNahar lasted nine months. (Scoop Empire)
May 26th, 2016 - 09:19 GMT

Egyptian satellite tv channels CBC and Al-Nahar put rivalry aside with merger

The IsDB and THY will also cooperate within the framework of the Parties’ Social Responsibility Program in the transportation and distribution of hajj meat provided to the poor, health, and education.  (Twitter)
May 26th, 2016 - 07:00 GMT

Turkish Airlines and Islamic Development Bank sign landmark deal

Etihad has embarked on a strategy of buying up stakes in airlines from Australia to Italy in bid to grow its network. (File photo)
May 26th, 2016 - 06:00 GMT

Etihad, airline partners raise $500M in financing

The development will include 2 square kilometres of residential units and create more than 200,000 jobs.  (Ventures on Site)
May 26th, 2016 - 05:00 GMT

Egypt: $3.6B Mountain View iCity to be built with Saudi partnership

Earlier this week, Reuters reported that the bank had cut 15 per cent of its workforce of 70 employees. (File photo)
May 26th, 2016 - 04:00 GMT

Dubai's Shuaa Capital downplays reports of layoffs

A study on pollution with the Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden (PERSGA), is expected to be released soon. (Arab News)
May 25th, 2016 - 12:00 GMT

Sewage on Jeddah's beaches exceeds international limits: Environmentalist

Al Bawaba
May 25th, 2016 - 11:00 GMT

Gulf banks' liquidity shortage worse than during financial crisis: Doha Bank CEO

Presenter Nicole Tannoury appears on the list of employees reportedly axed by Al Arabiya. (YouTube)
May 25th, 2016 - 09:17 GMT

Al Arabiya News sacks 50 staff, including veteran journalists

Under Algerian law, foreign channels must broadcast their content from abroad but dozens of satellite television channels have been broadcasting news and social programs from Algeria. (Twitter)



(Twitter)
May 25th, 2016 - 08:00 GMT

Algeria clamps down on over 50 'illegal' private satellite channels

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