Leading News Source For Middle East
Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. It’s the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at Read more
The British company Chariot Oil & Gas Limited, an independent Africa focused oil and gas exploration company, announced that it has signed, through it wholly owned local subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd. an agreement with Morocco under Read more
The much anticipated visit of the Emir of Qatar to Gaza is seen by many as political victory for Hamas over the mainstream Palestinian leaders in the West Bank. Emir Sheikh Hamad bin Khalifa al-Thani is accompanied by a large Read more
As Oman struggles to keep up the employment demands of its fast-growing population and the decline of foreign direct investment last year, the government has announced an investment plan of $450 million to extend its free trade zones across the Read more
The opening of the more $2 million Dammam Terminal Yard has been announced by Globe Express Services (Overseas Group) as part of its expansion program. The terminal yard located at the Dammam Sea Port Zone on the Arabian Gulf covers Read more
AXA insurance is undertaking an intensive expansion plan in the Middle East after positive results in the region. It revealed its plans of a $60 million expansion investment budget during a period of three years to maintain its market position Read more
Turkey’s flag carrier, Turkish Airlines, is eyeing an expansion project to double its fleet in less than a decade. Despite the economic crisis, the company has been expanding and a look at its figures shows that the demand is high Read more
Bahrain is set to attract Scottish investments in information technology and food and beverages as the country’s development board eyes greater presence in the region and the executive accountant of Scottish Development International (SDI), Sreenath Somanath, confirmed it by admitting Read more
President Mohammed ould Abdelaziz was slightly injured Saturday after soldiers opened fire on his motorcade, reports said. The president has been admitted to the military hospital in capital city, Nouakchott, where he underwent a surgery. On Sunday, he was airlifted Read more
After the bomb attacks on its pipeline with no one claiming responsibility, liquefied natural gas is once more making its way to the port for export. Last month, the pipeline which is tasked with transporting Yemen’s liquefied natural gas pipeline Read more