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The infrastructure and construction market in the Middle East-North African region is among the world’s most attractive owing to its size, and forecasting figures predict a total of $ 4.3 trillion will be invested in construction projects across the MENA Read more
The World Bank has released a report claiming that Palestine’s economy is not matured enough to support an independent state any time soon. The report acknowledges the efforts of the political authority but warned of risks. In a statement accompanying Read more
The new head of the UN supervision mission in Syria, Lieutenant General Babacar Gaye of Senegal, arrived in Syria Tuesday to take over from Norwegian Major General Robert Mood. The UN decided last week to send Lieutenant General Gaye as Read more
The Turkish Army is planning to build intercontinental ballistic missiles (ICBM) in a bid to show off its military strength and assert its status as a rising great regional power in a tumultuous Middle east. Ankara’s ICBM ambitions and strategic Read more
Bahrain has been chosen as the headquarters of PineBridge Investments in the Middle East and North African region. Established as one of the best investment management companies in the world, PineBridge has an Independent asset of more than $67 billion Read more
The United Arab Emirates on Sunday launched a new offshore oil export terminal in Fujairah on the Gulf of Oman that will process up to 75 per cent of the Gulf country’s exports. The terminal has eight crude oil storage Read more
The investment sector has not recovered from the 2008 global financial crisis and investors have found themselves in difficulties to refinance the debt they borrowed on short term bases during the boom years because of the rise in borrowing cost. Read more
France has renewed its backing to Morocco’s plan to grant autonomy status to Western Sahara in a bid to resolve the decades-old territorial dispute opposing the North African Kingdom to Polisario front. Morocco has offered to make Western Sahara largely Read more
Former Saudi envoy to Washington Prince Bandar bin Sultan has been named the new chief of the Kingdom’s intelligence agencies, replacing Prince Muqrin bin Abdulaziz who has been criticized lately for his handling of some sensitive issues. Prince Muqrin becomes Read more
The Special Tribunal for Lebanon has publicly announced a tentative date for the beginning of trials of the four suspects accused of taking part in the preparations and the successful killing of the late Lebanese Prime Minister, Rafik Hariri, who Read more