Dubai is bracing for the first “Global Islamic Economy Summit” to be held from the 25th to the 26th of November 2013. The summit will be first of its kind in the Islamic World, which has an estimated consumer base of at least $1,6 billion and an economy of $4 trillion. Dubai Chamber of Commerce […]
PetroChina can become the biggest investor in Iraq’s oil ventures if the negotiations it is engaged in turn out to be successful. It wants to be engaged in the development of the West Qurna oilfield, 50 km northwest of the southern oil center of Basra, in partnership with Exxon Mobil. It is also negotiating to […]
Lebanese officials are unhappy with the trespassing of an elite group of Israeli soldiers into its territory on foot. Beirut has decided to lodge a complaint at the United Nations Security Council accusing Israel of “blatant violation of Lebanese sovereignty and of UN resolution 1701,” Foreign Minster Adnan Mansour stated. The activities undertaken by the […]
The newly elected members of the parliament and the newly formed government were addressed by the Emir of Kuwait. The country has been marred by instability in recent years and Emir Sheikh Sabah Al-Ahmad Al-Sabah hopes that the two institutions will cooperate closely to avoid another political turmoil. From 2006 to 2013, Kuwait has had […]
Bahrain is not amused by the United States decision to close its embassy due to alleged Al-Qaeda security threats in the Middle East and North Africa. Officials are claiming that their country doesn’t harbor any radical Islamist group. The American Embassy in Manama was closed at the beginning of the week but the decision is […]
The Israeli-Palestinian peace talks have begun to fall apart before the two sides could meet to negotiate. The latest update of Israel’s “national priority areas” by the cabinet has included and earmarked some illegal settlements for government subsidies housing loans among other privileges. Four ministers abstained from the vote. The decision came as a blow […]
Ankara is not willing to follow the footsteps of the European Union (EU) in naming Hezbollah’s armed wing a terrorist group. The EU considers Turkey as a country “on the road to EU membership” on its website. Diplomatic sources revealed that Turkey abides by the resolutions of the United Nations and not to regional institutions. […]