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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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The compromise is aimed at creating a regulatory environment that encourages investments. (File photo)
May 19th, 2016 - 05:30 GMT

Leviathan gas development: Noble Energy, Delek accept compromise on regulatory clause

The sovereign action reflects the ongoing negative impact of lower oil prices on Saudi’s fiscal position 
and economic strength. (Argaam)
May 19th, 2016 - 05:00 GMT

Moody's downgrades nine Saudi banks

 Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg.  (Kingdom Holding Company)
May 19th, 2016 - 04:00 GMT

Prince Al Waleed Bin Talal's Alarab news channel strikes new deal with Bloomberg

Reducing unemployment rates is not the responsibility of the ministry alone, citing that the number of university graduates in Jordan is on the rise and some majors do not meet the needs of labour market  (Mutualresponsibility.org)
May 18th, 2016 - 12:00 GMT

Jordan's unemployment rate at highest level in eight years: report

Al Bawaba
May 18th, 2016 - 10:00 GMT

US Treasury reveals $116.8B of Saudi holdings

The bank will offer financial, investment and advisory services to the Palestinian diaspora living in the Gulf region and beyond. (Bank of Palestine)
May 18th, 2016 - 09:04 GMT

Bank of Palestine makes its first foray into international operations in Dubai

Emirates employed 4100 pilots as of November and will need to hire as many as 500 new pilots this fiscal year. (File photo)
May 18th, 2016 - 08:15 GMT

Get on board: Emirates Group to hire 10,000 this year

The technical delegation also reviewed the progress of the Amman development corridor project that cost Dh319 million and is set for completion in 2016. (File photo)
May 18th, 2016 - 08:04 GMT

Abu Dhabi-funded projects in Jordan near completion

The bill must now be passed by the House of Representatives before it heads to President Barack Obama's desk.  (Pixabay)
May 18th, 2016 - 05:35 GMT

US Senate passes 9/11 bill to allow victims' families to sue Saudi government

In cooperation with Russia’s Rosatom, Jordan's first reactor is slated to be ready by 2023 and the second by 2025. (Shutterstock)
May 17th, 2016 - 11:53 GMT

Nearly half of Jordan's electricity from nuclear power by 2025: PM

The rise of free internet-based calling apps and messaging such as Viber and Whatsapp has cut into Gulf telecom operators' profits. (Vodafone)
May 17th, 2016 - 11:33 GMT

Vodafone Qatar to cut staff by ten percent, chairman quits

In December, the Health Ministry's tally showed 189 drugs were in short supply but had available substitutes and a further 43 drugs were in short supply with no substitute. (Shutterstock)
May 17th, 2016 - 10:47 GMT

Egypt raises cheap drug prices by 20 per cent to stem shortages

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