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Bankers in Syria have said that the government has released new banknotes into the system which are believed to be printed in Russia. The new move is in line with Damascus’s aims at curbing inflation and easing its fiscal deficit Read more
After Egypt’s decision to bring an end to their two decade deal with Israel in April, the Jewish state was forced to start searching quickly for other options to meet its energy needs. Israel had to ask the companies present Read more
The seven month old batter-like system agreement between Iran and India has been a dealt a big blow when Parsian, an Iranian Bank, announced that it doesn’t have enough Indian Rupees to pay guarantees for Iranian importers who do business Read more
Three Islamic Banks in the Kingdom of Bahrain will be deciding on whether to give a green light in what will become the first merger in shareholder meetings to be held by the end of the month. A positive response Read more
A newly launched fund known as the Gulf Credit Partners which is the credit and mezzanine fund of Gulf Capital has just accomplished its second investment project in Turkey in its short existence. In its released statement, a $20 million Read more
The summit which focuses on finding means to expand and strengthen the economic bonds and encourage investments between Asia and the Middle East has begun with 150 senior decision-makers present to brainstorm the way forward. The summit is called the Read more
Al-Qaeda in the Arabian Peninsula has now started up a new strategy to recruit suicide bombers known as “individual jihad, or what is called the lone wolf” because “it has become more widespread and its features have started showing” in Read more
Chaos in Syria is getting worst according to unconfirmed reports due to the absence of international independent media on the ground. Anyway, the Syrian government and the anti-Bashar protesters have affirmed that killings are going but they both blame opposite Read more
Qatar telecommunication known as Qtel has taken control of Iraq’s N° 2 telecommunication operator, Asiacell, after concluding agreements with the latter. It has now increased its stake by almost 50% after its decision to inject $1,47 billion into the company Read more
Dubai’s investor image has been brightly polished because a unit of the firm taking care of its financial free zone, DIFC Investments, will be able to repay its Islamic bond known as Sukuk. The bond will be maturing on the Read more