Home » September 16th, 2014 Entries posted on “September, 2014”

Jordan : King Abdullah rejects controversial parliament bill

The controversial and unpopular draft civil retirement bill that was voted by the Jordanian parliament has been rejected by King Abdullah. The bill was openly criticized by the public as a move meant to further increase the wealth of the politicians. The parliament voted to grant members lifetime pensions equal to the ministers. There was […]

September 16th, 2014 | Posted in Gulf News,Headlines | Read More »

Turkey : President Erdoğan in Qatar to discuss latest regional developments

President Recep Tayyip Erdoğan paid Sunday and Monday a two-day official visit to Qatar, his first to the Arab World since his election, for talks on bilateral relations, international issues of mutual concern and the latest developments on the regional scale especially the worrying threat posed by the Islamic State of Iraq and the Levant […]

September 15th, 2014 | Posted in Headlines,World News | Read More »

Yemen: New PM agreement to end chaos

The government is making concessions in Yemen in a bid to end the protests of the Houthis in the capital. A source close to the president has revealed that an agreement has been reached between the government and the Houthis for the nomination of “a new Prime Minister within 48 hours.” There is hope that […]

September 12th, 2014 | Posted in Headlines,World News | Read More »

Jordan: EBRD supports Amman business hub ambition

The president of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, met with Jordanian Prime Minister Abdullah Ensour to discuss the ties between them and means of increasing the support and cooperation of the bank in the country. EBRD started operations in Jordan in 2012 before finally opening an office there in 2013. […]

September 11th, 2014 | Posted in Headlines,World News | Read More »

Iran and Russia hold trade conference in Tehran

Tehran is hosting the 11th Iran-Russia trade conference that is geared towards easing the economic and trade activities between the two countries. Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak concluded an important economic cooperation agreement at the conference and also highlighted the need to strengthen the mutual economic and energy […]

September 10th, 2014 | Posted in Energy,Headlines | Read More »

Bahrain-Saudi 2nd causeway estimated around $5bn

Bahrain and Saudi Arabia have been linked by a causeway for more than two decades but plans to build a new one are underway at an estimated cost of billions of dollars. The causeway will also include a railway network that will serve as part of the Gulf Cooperation Council’s (GCC) regional railway network project. […]

September 9th, 2014 | Posted in Finance,Gulf News,Headlines | Read More »

KSA: Riyadh to construct multi layered wall at Iraqi border

Saudi Arabia will be reinforcing its security capabilities with the construction of a multi layered fence along its 560mile border with Iraq.  The project is the first stage of a border security program. The construction work is aimed at limiting and controlling the movement of people and goods between the two countries. King Abdullah ibn […]

September 8th, 2014 | Posted in Gulf News,Headlines | Read More »

MENA: Goldman Sachs plans return to Islamic finance

Conventional banks are racing into the Middle East and North Africa to tap the money within the region through Sukuks, Islamic bonds. Goldman Sachs is the latest non-Islamic bank planning to issue a Sukuk for a second time after cancelling its first attempt due to allegations that it was not abiding by the Islamic principles. […]

September 5th, 2014 | Posted in Finance,Headlines | Read More »

Jordan approves shale oil burning

Amman has given the green light to an Estonian and a Malaysian firm to produce electricity from shale oil in Al-Atarrat area located in the southern part of the country. This is the first time such a project is approved by the government. The kingdom heavily depends on importation to satisfy its energy needs and […]

September 4th, 2014 | Posted in Energy,Headlines,World News | Read More »

UAE spy satellites to use disputed US technology

United Arab Emirates (UAE) hope of getting its first spy satellites is closer to becoming a reality after the acquisition of an export license from the U.S. The delay of the exportation of U.S technology has been a major setback to the project geared towards reinforcing UAE’s defense capabilities. The deal is expected to be […]

September 3rd, 2014 | Posted in Gulf News,Headlines | Read More »