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Ghana: Tullow to write down $1.5bn for 2019

Beleaguered Tullow Oil said on 15 January it expects to report pre-tax impairments and exploration write-offs of about $1.5bn in its 2019 results in March, mainly due to a $10 reduction in the group’s long-term accounting oil price assumption to...

Ghana’s Genser Energy raises $366m for off-grid power supply

Genser Energy Ghana Ltd announced in December that it had reached financial close on a $366m financing agreement that will fund the expansion of its business in Ghana. The transaction funds the expansion of existing plants and the company’s gas...

Gambia: Shearwater acquires seismic over Block A5

Australia’s FAR has contracted Shearwater GeoServices to carry out a 3D Isometrix seismic survey over part of Block A5 ahead of drilling planned on the company’s Gambia acreage later this year. Shearwater said the one-month survey would be...

Yemen’s Houthis eye further Iranian support for war against Saudi Arabia

Amid renewed tensions between the Houthis and Saudi Arabia, and with diminishing prospects for peace, the Houthi authorities may see new opportunities to extract more economic and military aid from their ally Iran following the killing of IRGC...

UAE: Dubai revamps governance structure

Federal Vice President, prime minister and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) chaired the first meeting of the Dubai Council on 7 January, the latest initiative to revamp his emirate’s governance and boost its tepid economy....

Iran: Trump sends region to the brink with killing of IRGC kingpin Soleimani

The crowds that thronged the streets of Kerman on 7 January to see the coffin of slain Islamic Revolutionary Guard Corps (IRGC) Quds Force commander General Qassim Soleimani were in sharp contrast to the crowds that filled the streets of Iranian...

Yemen museum reopens

There was a boost for the region’s museum culture from an unusual source, with the competion of building work as an important initial step taken to reopen the National Museum in Taiz. A museum since 1967 – and previously the residence of Imam...

UAE/RAK: Saud Bin Saqr’s camel racing festival

RAK Ruler Sheikh Saud Bin Saqr Al-Qasimi attended several days of the Sheikh Mohammed Bin Zayed Camel Racing Festival at RAK’s Al-Sawan racetrack in late December, crowning the race winners. He was joined by Crown Prince Sheikh Mohammed Bin Saud...

UAE/Oman: South Korea considers enhanced military co-operation

The UAE is to deepen military co-operation with South Korea in areas such as intelligence, cybersecurity and munitions, undertaking joint research and exchanges of technology. UAE minister of state for defence affairs Mohammed Bin Ahmed Al-...

Mohammed Bin Zayed: Condolences offered in Muscat for murdered Omani student

Abu Dhabi Crown Prince and UAE Armed Forces deputy supreme commander Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ) took the time to travel to Oman in December to offer condolences to Abdullah Bin Ali Al-Araimi on the death of his son Mohammed, who...

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