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Washington is facing an acute dilemma as the threat posed by al-Qaeda in the Islamic Maghreb (AQIM) to the entire region and to the whole world is growing: should it help the countries of the region confront the group or Read more
Oman Reinsurance Company is planning for an initial public offering estimated to be around RO10 million within two years as it tries to abide by regulatory requirements. The company, the first and only re-insurance firm in Oman, is being obliged Read more
A memorandum of understanding to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market has been signed between the National Bank of Abu Dhabi (NBAD) and aircraft manufacturer, Boeing. The agreement can boost investment for Read more
“Red lines don’t lead to war, red lines prevent war. Nothing could imperil the world more than a nuclear-armed Iran.” Such were the stern remarks of Benjamin Netanyahu during his speech at the UN General Assembly. He claimed that Iran Read more
The state media has reported that the Islamic Revolution Guards Corps has developed a locally made unmanned drone. The drone is called The Shahed (Witness) 129 and has a range of 2,000km, thus making it possible to reach a large Read more
Jordan has taken a step towards exploring and developing its oil reserves. It signed a Memorandum of Understanding with Global Oil Shale Holdings (GOSH) in this aspect for two oil shale blocks in the kingdom. Previous samples and geologic evaluations Read more
As the European market remains unstable for investors to venture into it, interest has been turning more on the Middle East and North African region despite the existing tensions. A private equity firm of the United States of America known Read more
In a bid to reduce its cost of operation and invest in richer markets, Switzerland’s second-biggest bank is reducing its investment banking team in Dubai as it takes some of them to Qatar. According to sources, Credit Suisse taking its Read more
A Middle East free of nuclear weapons conference to be held in Finland will not be attended by Israel according to the head of Israel’s Atomic Energy Commission (IAEC) even though a Finnish delegation was in the country to lure Read more
A defected Syrian general, Major-General Adnan Sillu, has admitted that Syrian President Bashar al-Assad is on the verge of transferring his chemical weapons to the Lebanese Shiite group Hezbollah. According to him, there are plans by the Assad regime to Read more