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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
The Jordanians will provide special English language training and technical aviation training for Iraqi Air Force technical personnel. This $370 million training, to be completed by August 2013, is funded by the Pentagon. This one-year training, to be carried out Read more
Morocco and Jordan have received over $ 8 billion financial assistance from the International Monetary Fund to help the two countries economies withstand the fallouts of the political turmoil and popular unrests rocking the MENA region. A $ 6.2 billion Read more
Turkey’s military and Kurdistan Workers’ Party (PKK) forces have clashed after the latter attacked military outposts in the province of Hakkari which is a border town close to Iraq. . PKK’s attack is seen as a response to Turkey’s large Read more
A whole lot of activities are going around the Syrian war as both parties remain reluctant to give up on their objectives. The situation has been stretching on for 17 months with no sign of peace any time soon as Read more
The influx of refugees continues as the tension between government forces and the rebels is far from ending. This number of refugees in Algeria may be attributed to the lack of visa requirements between the two countries. The country has Read more
A new Islamic bank, Al Izz Islamic bank, in Oman which also stands as the only dedicated Islamic bank in the country will be receiving a bulky investment fund from the Aabar Investments in an announcement delivered during the unveiling Read more
Spanish oil engineering company Tecnicas Reunidas has won an $800m deal to build part of a petrochemical complex in Saudi Arabia. The deal for the Chem-III project, in the Jubail Industrial City II, was awarded to the Spanish company by Read more