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A privatization spree will be kicking off in Oman by next year after the warnings in June from the International Monetary Fund (IMF) to reduce state spending. The finances of the Sultanate face risks of unsustainability. The government has more Read more
The Arab Spring which started in Tunisia before sweeping North Africa and the Middle East could be one of the costliest phenomenons that has ever been witnessed by the region. In a research report published by HSBC Bank, by the Read more
Iran and Britain have announced that they will be working towards reopening their respective embassies after an incident in 2011 led to their closure. Both countries will be appointing non-resident charges d’affaires in their respective capitals as an initial step Read more
A report from the World Bank on the Palestinian economy has underlined that Israel’s presence in Area C of the Oslo accords is costing Palestine dearly. The report entitled “Area C and the Future of the Palestinian Economy” stated that Read more
Dubai has revealed its intentions to become an Islamic economy where business in several sectors based on Islamic principles could flourish. It also wants to become a hub for the transactions of Islamic bonds and willing to compete with the Read more
Saudi Arabia is expected to begin the exploitation of its shale gas resources. Aramco is engaged in talks for the acquisition of 40 extra rigs to supplement its plans for shale gas operations. The government has not made any official Read more
The number of foreign fighters in the Syrian war has reached an alarming point and citizens in the rebel controlled areas are worried about it. Most of the fighters come from the Middle East and North Africa and they have Read more
The United Arab Emirates (UAE) has strongly responded to President Merzouki’s statements directed at Egypt at the United Nations General Assembly. It recalled its ambassador from Tunis and claimed that the Islamist led coalition government is “forcing a certain model Read more
The Syrian dossier has been one of the most talked about issue at the UN General Assembly 2013. The US and Russia have agreed on the conditions to destroy Assad’s nuclear armament and the Security Council is expected to vote Read more
Iraq and Iran have discussed of reinforcing their bilateral cooperation especially at security levels. The issue was discussed behind closed doors between Iraq’s Defense Minister Sadun Farhan Al-Dulaymi and Iran’s First Vice president Eshaq Jahangiri. The outcome has been considered Read more