Leading News Source For Middle East
The central government of Iraq will be holding a two-day auction for the exploration of twelve blocks. Five blocks are having oil whilst the rest contain gas. The two day session which will end on Thursday is the fourth auction Read more
Kuwait Foreign Petroleum Exploration Corporation (KUFPEC), a state oil firm and subsidiary of Kuwait Petroleum Corporation, will be paying almost half a billion dollars to Enquest Plc, an oil and gas exploration company, for a stake in its North Sea Read more
The Libyan oil industry is quickly recovering in the aftermath of the revolution that rocked the country in February 2011. Contrary to experts’ pessimistic predictions that it would take the sector years to recover, Libya is already pumping 1.5 million Read more
The presidential election commission has officially announced the results of the first presidential elections after the Mubarak regime. There were no outright winners. Mohammed Mursi of the Muslim Brotherhood and Ahmed Shafiq, the last prime minister to serve under Hosni Read more
Following the massacre that took place in the town of Houla, the UN’s Security Council held an emergency meeting to discuss Syria’s chaos. After a three hour meeting, the Security Council released a statement condemning the Friday massacre in Houla Read more
King Mohammed VI was the first foreign head of state to be received at the Elysée palace by the new French president François Hollande for talks on the longstanding relations between Morocco and France. The King of Morocco, who is Read more
The Kingdom has signed another contract with the British defense giant BAE to acquire jets. The deal includes a supply of jets to reinforce the Royal Saudi Air force capacities with modern gadgets. The concluded jet deal includes 22 BAE Read more
Yemen marked its National Day of Unification under tight security at the Air Force Academy after a bomb explosion, a day earlier, claimed the lives of those at the rehearsals. It is celebrated annually on the 22nd May to mark Read more
A suicide bomber, dressed in a military uniform, has killed at least 101 Yemeni soldiers on Monday when he blew himself during a military parade rehearsal. No one has claimed responsibility for this deadliest attack since President Abdrabbuh Mansour Hadi Read more
The fiscal year of 2011 has ended at a record high for the Kuwait petroleum Corporation (KPC) with all the challenges that the world’s economy is facing. It achieved a profit on one billion dinars ($3.58 billion) during the 2011 Read more