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Plans are in the pipeline for the launching of an Initial Public Offering (OPI) by the Al Izz Islamic bank in Oman. At present, the bank is under formation and it will be the second Islamic bank in the Sultanate. Read more
A contract worth almost more than $155 million for the designing and consulting of the construction of Oman’s first major railway has nine international companies or groups lining up their bids according to a tender board official. Most of the Read more
Bahrain’s five municipal councils have announced that their project plans are over millions of dinars for the upcoming year. They have already met the ministers to finalize their plans with each of the municipal councils already having its list of Read more
The causeway project to connect Saudi Arabia and Egypt is reactivated again after president Mursi’s visit to King Abdullah in the kingdom. The 32km causeway will start from Ras Nassrani in the Egyptian resort of Sharm El-Sheikh, passing by Tiran Read more
Worldwide weapons sales by the United States in 2011 hit a record high totaling $66.3 billion, making the U.S. responsible for more than three-quarters of the global worldwide weapon sales that nearly doubled to $85.3 billion, according to a new Read more
Qatar, the oil-rich country, is building an iconic shopping city that will offer visitors a diverse mix of entertainment, hospitality, auto showrooms and over 500 international retail and dining outlets Dubbed “Doha Festival City”, this $ 1.6 billion landmark project Read more
After a respite that lasted for some time during which there was no more talk about terrorists in Saudi Arabia, terrorist plots in the kingdom came to the forefront Sunday when the Interior Ministry announced it dismantled two suspected terrorist Read more
Negotiations between a Kuwait based telecommunication operator, Zain, and Vodafone are heading to the right direction as wished by the two companies. In a statement released by Zain, the two companies seem not too far away from the concluding the Read more
Bahraini authorities are planning to build a green city in an effort to reduce global warming, fight pollution and protect the environment amid rapid urban sprawl. The $ 25 billion new town, to be built over a 356 hectare area, Read more
The Saudi government seeks to purchase 10 Link-16 data link systems and intelligence, surveillance and reconnaissance (ISR) suites for its King Air 350ER aircraft, says the U.S. Defense Security Cooperation Agency. The $257 million deal also includes four new King Read more