Home » January 17th, 2012 Entries posted on “January, 2012”

Riyadh and Beijing Sign Nuclear Cooperation Pact

Saudi Arabia has signed a cooperation agreement with China for the civilian use of nuclear energy. The agreement follows similar deals sealed with France, Argentina and South Korea. The Saudi kingdom, the World major oil producer and exporter, also held talks with Russia, the Czech Republic, Britain and the United States on nuclear partnership projects. […]

January 17th, 2012 | Posted in Energy,Headlines | Read More »

Lebanon Gets IFC Support to Boost Trade & Economic Growth

Lebanese Bank “Credit Libanais Group” and the International Finance Corporation (IFC) have signed a trade finance agreement that will help Lebanon’s private sector access global import and export markets, boosting trade and economic growth. Credit Libanais is the fifth bank in Lebanon to join IFC’s Global Trade Finance Program, which promotes trade with emerging markets […]

January 17th, 2012 | Posted in Finance,Headlines | Read More »

Riyadh Can Replace Iranian Oil if Sanctions Are Enforced

Saudi Arabia oil minister has affirmed that his country has the capacity to fill any loss of crude oil production that may occur from the new international sanctions banning all oil imports from Iran for its persistence to continue its nuclear program. “I believe we can easily get up to 11.4, 11.8 (million barrels a […]

January 17th, 2012 | Posted in Energy,Headlines | Read More »

UAE hosts World Future Energy Summit

The 5th World Future Energy Summit (WFES) opens on Monday in Abu Dhabi to discuss key global issues relating to energy policies, development strategies, commercial incentives and industry-related challenges and trends. The WFES 2012 brings together more than 60 ministers from 50 countries representing the Gulf region, the Middle East, Indian Subcontinent, Asia, Europe, North […]

January 16th, 2012 | Posted in Energy,Headlines | Read More »

MENA Countries To Set Up Mediation Network

Judges and directors of mediation centers from the Middle East & North Africa are busy working on a regional network of mediators to support entrepreneurs and investors in the region. This project, sponsored by the International Finance Corporation (IFC), is being examined at a meeting currently held in Egypt Jan.14 -20. The gathering is attended […]

January 16th, 2012 | Posted in Finance,Headlines | Read More »

Morocco hosts International Forum on Africa economic integration

More than 200 eminent personalities, businessmen, decision-makers, diplomats and intellectuals will gather Jan.25 in Morocco’s capital (Rabat) to look into ways of building up and promoting Africa’s economic integration to enable the continent speed up development process. Dubbed “Rabat Forum“, this international event is convened at a time the world is rocked by the Euro […]

January 13th, 2012 | Posted in Finance,Headlines | Read More »

Al Jazeera TV jammed from Iran

Satellite operator Arabsat has accused Iran of deliberately jamming broadcasts of Al Jazeera news channel because of its coverage of the Syrian regime crackdown on pro-democracy protestors. In a statement released, the Qatar-based channel has launched a new frequency on Arabsat, saying its “satellite transmissions have faced sustained interference over the past few months”. Investigators […]

January 12th, 2012 | Posted in Headlines,World News | Read More »

Yemen president Saleh seeks immunity from prosecution

A controversial draft law granting President Ali Abdullah Saleh immunity from prosecution has been submitted to the Parliament for approval. The bill, endorsed by the cabinet, pardons Saleh and his aides for any crimes committed during his 33-year rule, while protesters want them to be tried and held accountable for the killings of hundreds of […]

January 10th, 2012 | Posted in Headlines,World News | Read More »

Jordan & Qatar to build offshore gas terminal in Aqaba

Jordan and Qatar planning to build a gas terminal in Aqaba to reduce the Hashemite kingdom dependence on gas imports from Egypt. These imports were lately disrupted by terrorist attacks targeting the pipeline carrying Egyptian gas to Jordan and Israel.  Jordan, which depends on Egyptian natural gas to operate its power stations, has been badly […]

January 10th, 2012 | Posted in Energy | Read More »

Arab League to beef up its mission in Syria

The Arab league has decided to boost the number of its observers deployed in Syria to see on the ground whether the Syrian regime is complying with an Arab peace plan meant to halt 10-months of deadly crackdown on anti-government protesters. The League brokered initiative requires Syrian regime to pullout security forces and heavy weapons […]

January 9th, 2012 | Posted in Headlines,World News | Read More »