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Agility, a logistic firm, has revealed its intentions to invest in countries that experienced Arab Spring with new governments due to their heavy expenses on oil industries and infrastructure. Its chairman and managing director, Tarek Sultan, said that negotiations are Read more
Details are still emerging from the assumed killing of the second-in-command of Al-Qaeda in the Arabian Peninsula (AQAP), Said al-Shihri. Government officials claim he has been killed in an operation in the Hadramawt area, southern Yemen. Circumstances surrounding his death Read more
Hopes in Lebanon are high as reports carry out that its offshore natural gas deposits in the eastern Mediterranean is greater than that of Cyprus and Syria after a just it concluded 3D seismic survey, citing the CEO of Norway-based Read more
A stake of 6.6% has been acquired by a Jordanian private equity firm in the Jordan Dubai Islamic Bank (JDIB). The private equity firm known as Foursan Group has now taken over as the second largest stakeholder in the bank. Read more
Recognized as the world’s largest oil exporter, Saudi Arabia risks to be importing oil in less than two decades if the rate at which it is consuming continues on its trend, a report from Citigroup has warned. Given its relatively Read more
A contract worth almost more than $155 million for the designing and consulting of the construction of Oman’s first major railway has nine international companies or groups lining up their bids according to a tender board official. Most of the Read more
Bahrain’s five municipal councils have announced that their project plans are over millions of dinars for the upcoming year. They have already met the ministers to finalize their plans with each of the municipal councils already having its list of Read more
The causeway project to connect Saudi Arabia and Egypt is reactivated again after president Mursi’s visit to King Abdullah in the kingdom. The 32km causeway will start from Ras Nassrani in the Egyptian resort of Sharm El-Sheikh, passing by Tiran Read more
The summit of the Non Aligned Movement (NAM) in Tehran has barely begun before attacks from the outgoing country presiding over the movement led to a walkout by Syria. 120 states are in attendance for the two-day tri-annual event. Opened Read more
A released statement coming from the Qatar Islamic Bank (QIB) revealed the bank’s intentions to launch a Sukuk issuance program. The amount to be offered will be up to $1,5 billion the statement declared. At present, the program is being Read more