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An Egyptian gas pipeline has come under attack again in the northern Sinai town of El-Arish. The recent attack was on a pipeline which exports fuel to Israel and Jordan. Attacks have become frequent since the uprising begun and this Read more
Strikes in the textile industry have paralyzed Egypt’s production as the country’s economy still struggles to recover from the post revolution era. Laborers at the Misr Spinning and Weaving have been joined by other employees from different textile industries amongst Read more
The highest rated bank in the Middle East, the National Bank of Kuwait (NBK), has announced a surprising net profit for this year’s first half. It is surprising because when the results are compared to that of the past year Read more
Alstom Thermal Power, an affiliate of French energy group Alstom, has won a $ 122 million contract to provide the steam tail for a gas-fired power plant under construction in Saudi capital of Riyadh. The PP12 plant, to be operational Read more
The United Arab Emirates has handed a 90-day notice to Barclays following its role in a scandal in England. Barclays is obliged to leave the rate-setting panel for interbank lending because the notice is mandatory. Barclays has of late manifested Read more
The foreign ministry of the kingdom has released a statement announcing that the Syrian ambassador is no more welcomed and has to leave as soon as possible. Reasons for the declaration of the persona non grata were not advanced but Read more
The Qatari government is seeking to buy 24 AH-64D Apache Block III Longbow attack helicopters, associated equipment and logistical support for $3 billion. According to the US Defense Security Cooperation, which has notified the Congress about this foreign military sale, Read more
A three-day congress gathering of the Islamist party in power kicked-off in Al Karm with an estimated 25,000 to 30,000 people to grace the occasion. It is Ennahda’s first congress at home in 24 years and its first since it Read more
Libya’s first elections polls after the Ghadafi regime is being led by the National Forces Alliance with more than 70% of the votes counted. Out of the 200 parliamentary seats, 120 are being contested by individual candidates while the rest Read more
After another round of artillery shells crossed over the border to Lebanon from neighboring Syria, people in the area have started fleeing their homes due to the rising insecurity. Syria claims to be pursuing a group of “armed terrorists” who Read more