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Algerian diplomat Lakhdar Brahimi has been appointed as the new U.N. envoy to Syria in replacement of former Secretary-General Kofi Annan, who is stepping down on at the end of the month after he vainly attempted to broker a cease-fire Read more
The Saudi government seeks to purchase 10 Link-16 data link systems and intelligence, surveillance and reconnaissance (ISR) suites for its King Air 350ER aircraft, says the U.S. Defense Security Cooperation Agency. The $257 million deal also includes four new King Read more
Reports have emerged that the Gulf countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman, have been showing keen interest in bolstering their defense artilleries with the latest Lockheed Martin Corp missile defense system. According to Read more
The building of the Defense Ministry came under the attack of hundreds of Republican guards loyal to the country’s former president. The attack is reported to have claimed the lives of four people and more than a dozen were injured. Read more
In a move to manifest its solidarity in the revival of Egypt’s economy and its struggle to shake-off the effects of its post-revolution, Qatar has announced that it will deposit an amount of $2 billion at Egypt’s Central bank. The Read more
The struggle between the government forces and rebels to assert their authority in Aleppo and beyond continues with both sides faraway from declaring victory. However, an opposition leader has called for the protection of the rebel forces through a foreign-guarded Read more
According to Deutsche Bank, banks in Israel are among those which have witnessed the weakest in shares worldwide in the past 12 months and their results are similar to banks exposed to troubled sovereign credit risk, weak funding and recapitalization Read more
One of Saudi Arabia’s largest construction companies has issued an Islamic bond widely known as Sukuk in a move to enlarge its operations. The bond which is issued by the Saudi Binladin Group Sukuk limited in the Kingdom is $266.6 Read more
Saudi Arabia is planning mega-housing projects in the Holy city of Mekkah to boost its accommodation capacity as the city hosts every year increasing number of pilgrims. The Saudi firm “Jabal Omar Development Company, which has been entrusted with the Read more
Through its Agriculture and Fisheries minister, Oman has announced that its willingness to venture into aquaculture. Minister Fuad Bin Ja’afar Al Sajwani declared that the doors are open for investment as he urged individuals and specialized companies attracted to the Read more