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The German Siemens Energy has won $590 million contract to deliver six gas turbines, three steam turbines and nine generators for a Saudi power plant being built by the Korean company Samsung C&T. Construction work of the “Rabigh 2 IPP” Read more
The first Integrated Tourism Complex (ITC) is set to create 800 direct jobs to launch in seven years in the Sultanate of Oman, according to Sheikh Hamood bin Sultan Al Hosni, CEO of Saraya Bandar Jissah. The ground-breaking ceremony for Read more
A sum of US$2.5 million was donated this week by the State of Kuwait towards UNDP’s emergency support in Syria and neighboring countries. The funds were presented at a ceremony at UN Headquarters in New York, during which Kuwait fulfilled Read more
Palestinian and Israeli negotiators have failed to salvage the US-brokered Middle-East peace talks currently threatened to collapse unless Tel-Aviv honours its promise to free 30 long-term prisoners who have spent more than 20 years in jail. Israel has released 78 Read more
Qatar’s busiest route connecting its major business centers to the international market is being threatened by closure. Most of all goods entering the country come through Abu Samra, the only border not bounded by water. Threats to block the route Read more
Etihad Airways looks to invest in Alitalia as negotiations continue over commercial terms and is on the verge of a partnership with Air Berlin, the chief executive of the Abu Dhabi airlines said on Monday. Using a twin policy of Read more
Kuwait, one of the oil-rich Gulf countries, has raised its oil production capacity to 3.3 million barrels of oil a day (bpd) and hopes to hit 3.5 million bpd target in 2015. “Kuwait has increased its production capacity to 3.3 Read more
Iraqi security forces are hard-pressed by a powerful jihadist group influenced by Al-Qaeda, threatening to seep into Baghdad, officials and analysts report. There is uncertainty about how far the army and police can withstand militant attacks following recent clashes, with Read more
The group Marks & Spencer, one of the world biggest clothing retailers, is planning to reinforce its presence in Saudi Arabia wherein it mulls opening 10 stores over the next two years, besides the two outlets already operating in the Read more
The Syrian conflict is forcing Lebanon to break unwanted records and increases pressure on Lebanese resources due to the ongoing war between government forces and rebels. Battles have forced the civilians to flee their homes. The United Nations Refugee agency Read more