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Saudi Arabia’s decision not to occupy its seat at the UN Security Council has received support from Arab countries. Some countries and organizations joined Saudi Arabia in criticizing the Security Council and pressed for reforms to be taken. It is Read more
Chief Executive Khalid al-Falih of Saudi Aramco was speaking at the World Energy Congress in Daegu, South Korea, when he mentioned that they are ready to begin shale gas production together with other unconventional resources to generate more power. The Read more
Few weeks after authorizing the passage of building materials into Gaza, Israel has announced that it will be suspending the decision after discovering a Hamas built tunnel on its territory. The tunnel is said to be 1,7kilometers long, approximately 18 Read more
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