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MoE and HSBC sign MoU to support SMEs

The UAE Ministry of Economy today signed a Memorandum of Understanding (MoU) with HSBC Middle East, to support the international expansion of the country's small and medium-sized enterprises (SMEs).

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Dana Gas announces a new oil discovery in Egypt

Dana Gas, the Middle East's first and largest regional private sector natural gas company, announce that the Al Baraka-4 well, drilled as an appraisal of the Al Baraka Field in the Komombo Concession in southern Egypt, has discovered a new pool in the Six Hills "E" reservoir. The Al Baraka-4 well is currently on-stream producing at a rate more than 5 times the sustained flow rate from any previous well in the field.

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