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The new chief executive of Dubai Mercantile Exchange (DME) wants to change the way the exchange has been operating. He is thinking of refreshing its Oman crude futures contract by attracting major consumers and Middle East banks, rather than national Read more
Reports originating from a German magazine called Der Spiegel have stated that Iran has set up plans to block the Strait of Hormuz by causing an environmental disaster. According to the report, Iran is planning to do such an act Read more
The government has come under the criticism of the head of the largest bank in the country and one of the most senior banking figures in the region for its lack of investment to boost the economy. The CEO of Read more
Investment into 10 new projects estimated to be ranging from $500million to $1 billion has been earmarked by the Takamul Investment Company as a move to add value to new and existing ventures in the petrochemicals, metals and minerals sectors. Read more
In a ceremony at Doha, Qatar 2022 Supreme Committee signed agreements with five local stakeholders’ and issued new tenders. The stakeholders with whom it signed the agreement are Qatar Rail, public works authority Ashghal, Kahramaa (Qatar General Electricity & Water Read more
Saudi Arabia’s national carrier, Nasair, has entered into a code sharing deal with the Etihad Airways in destinations especially across the MENA. The deal covers 26 destinations and awaits the approval of regulatory officials. It will enable the Etihad Airways Read more
As the Hajj and Umrah draw close in Saudi Arabia, the detection of a virus sharing the same family as the Severe Acute Respiratory Syndrome (SARS) virus that killed 800 people in 2002 in China is not a news to 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
Following the training exercises aimed at keeping oil and shipping lanes open which begun in the Gulf concerning US and allied navies, Tehran has launched a submarine and a destroyer into the Gulf from Bandar Abbas port with orders coming Read more
A recently concluded study claims that organic products are gaining momentum as the sector is deemed to attain to be experiencing 10% annual growth in sales if the trend continues. Organic farms cover a surface area of 34,997 hectares but Read more