Home » August 23rd, 2012 Entries posted on “August, 2012”

Lebanon: Bankruptcies of the private sector close

The attacks between pro and anti Assad supporters in Lebanon, which are fast becoming a daily routine, have become worrying for the country’s president of the Chamber of Commerce, Agriculture and Industry, Mohammad Choucair. He said that the economy has received a severe blow from the unrest and warned that bankruptcies will be imminent in […]

August 23rd, 2012 | Posted in Finance,Headlines | Read More »

Turkey Attracts Muslim tourists

Turkey’s economic boom, geographical position, moderate weather historic sites and visa facilities attract more and more tourists from the Muslim world. It has become in the recent years the second most-visited country by Muslim tourists, with only Malaysia standing on the top of the list. According to a study on Muslim tourism market 2012, the […]

August 23rd, 2012 | Posted in Headlines,World News | Read More »

Libya: Saif al-Islam Gaddafi to stand trial in September

The late Libyan dictator’s son, Saif al-Islam, accused of inciting his followers to kill demonstrators and revolutionaries, will be sent to court in September, according to an official in the prosecutor general’s office. The trial will take place in the mountainous city of Zintan instead of Tripoli as previously decided by the National Transitional Council. […]

August 23rd, 2012 | Posted in Headlines,World News | Read More »

Bahrain Planning $ 25 Bln Eco-Friendly Town

Bahraini authorities are planning to build a green city in an effort to reduce global warming, fight pollution and protect the environment amid rapid urban sprawl. The $ 25 billion new town, to be built over a 356 hectare area, will include government buildings & offices, schools, a library, a theatre, a health centre, natural […]

August 22nd, 2012 | Posted in Gulf News,Headlines | Read More »

Tunisia: are the Salafists threatening democratic transition?

Tunisians who ignited the Arab spring were hoping to improve their living conditions, economically, and to enlarge the scope of their freedoms. The hopes and dreams seem too far away as debate grows over the role of religion in the Tunisian fragile democracy and as the moderate Islamist-led government is facing increasing challenges from religious […]

August 21st, 2012 | Posted in Headlines,World News | Read More »

Syria: Waltz of mediators leaves civilians prey to more violence

Algerian diplomat Lakhdar Brahimi has been appointed as the new U.N. envoy to Syria in replacement of former Secretary-General Kofi Annan, who is stepping down on at the end of the month after he vainly attempted to broker a cease-fire in the civil-war torn country, while the last of the 300 UN observers packed and […]

August 21st, 2012 | Posted in Headlines,World News | Read More »

Anatolia Energy Spuds Turkey Shale Well

Drilling has begun at the Guvenir-1 well on the antep license in Turkey by the Anatolia Energy Corp.’s partner and Çalik Enerji San. The Guvenir-1 will be the first well to target the Dadas shale where independent third party resource evaluator, Ryder Scott, has allocated 318 million barrels of prospective resources. Anatolia Energy Corporation, an […]

August 20th, 2012 | Posted in Energy,Headlines | Read More »

Riyadh Wants to Improve Airborne Intel Capabilities

The Saudi government seeks to purchase 10 Link-16 data link systems and intelligence, surveillance and reconnaissance (ISR) suites for its King Air 350ER aircraft, says the U.S. Defense Security Cooperation Agency. The $257 million deal also includes four new King Air 350ER ISR planes equipped with high-tech communication system, enhanced engines and  ISR suites. The […]

August 17th, 2012 | Posted in Gulf News,Headlines | Read More »

Israel “ready as never before”

The outgoing defense minister of Israel, Matan Vilnai, has warned that Israel is well prepared to go on the offence against Iran’s nuclear infrastructures during an interview. According to him, Israel’s attacking will result in a war that will last for 30 days as he went on to add that the Jewish state is “ready […]

August 16th, 2012 | Posted in Headlines,World News | Read More »

Keen interest on missile defense systems

Reports have emerged that the Gulf countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman, have been showing keen interest in bolstering their defense artilleries with the latest Lockheed Martin Corp missile defense system. According to the company, there has been an influx by the gulf countries for these systems in […]

August 16th, 2012 | Posted in Gulf News,Headlines | Read More »