Leading News Source For Middle East
Egypt has less than two weeks before the runoff of the presidential elections take centre stage between Mohammed Mursi of the Muslim Brotherhood and Mr. Ahmed Shafiq. Both candidates are hard on their campaigns. During one of his campaigns, Mr. Read more
Another encouraging step has been taken by King Abdullah University of Science and Technology (KAUST) in its research work to find better performing alternative energy known as the New Energy Oasis (NEO) program. The university will now collaborate with First Read more
Qatar based directors of the Syria International Islamic Bank (SIIB) have decided to relax their roles in order to adapt to the US treasury sanctions against the lender. According to the central bank, “Qatari investors in the SIIB will not Read more
Saudi Arabia economy is expected grow by 6 pc in 2012 from 7.1 pc increase posted last year, says the International Monetary Fund in its latest annual review of the world major oil exporter and producer. The private sector will Read more
“We are a coalition of 94 (members of the Knesset). This is the time to lead a diplomatic process…but if isn’t possible to reach a permanent agreement with the Palestinians, we must consider an interim arrangement or even a unilateral Read more
The non presence of military personnel in the disputed Abyei area as requested by the UN Security Council has been confirmed by the UN peacekeeping mission there after the beginning of negotiations in Addis Ababa, Ethiopia. The confirmation is welcomed Read more
Sukuk Al-Wakkah, a Medium Term Note program has been set up by the Bahrain based Gulf International Bank (GIB) for 1.1 billion dollars. The program falls under the tactical ambitions of the country’s search to vary its funding avenues and Read more
In a strategic move to curb the paperwork procedures and visa requirements for the tourists passing by or coming to the United Arab Emirates, a solution is finally forthcoming after more than 2 years of discussions according to an announcement Read more
With debates and talks being held over its nuclear facilities and ambitions, Iran which still remains defiant to economic sanctions from international organizations and countries against its nuclear initiative has just made a stunning revelation that it will be building Read more
After signing two different contracts with a US firm and SMS Siemag AC, granting them various roles with different agreements necessary for the accomplishment of an aluminum plant, the Saudi Arabian Mining Company Ma’aden has concluded a third signing with Read more