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Saudi Arabia will be reinforcing its security capabilities with the construction of a multi layered fence along its 560mile border with Iraq. The project is the first stage of a border security program. The construction work is aimed at limiting Read more
Conventional banks are racing into the Middle East and North Africa to tap the money within the region through Sukuks, Islamic bonds. Goldman Sachs is the latest non-Islamic bank planning to issue a Sukuk for a second time after cancelling Read more
Amman has given the green light to an Estonian and a Malaysian firm to produce electricity from shale oil in Al-Atarrat area located in the southern part of the country. This is the first time such a project is approved Read more
United Arab Emirates (UAE) hope of getting its first spy satellites is closer to becoming a reality after the acquisition of an export license from the U.S. The delay of the exportation of U.S technology has been a major setback Read more
Asiya Investments, an investment firm investing in Emerging Asia, has published in its weekly analysis that ties between the member countries of the Gulf Cooperation Council (GCC) and China in terms of oil trade is increasingly becoming very significant. Oil Read more
The Persian Gulf Cooperation Council (PGCC) has supported that the three Persian Gulf islands that are being disputed by Iran and the United Arab Emirates (UAE) belong to the latter. The remarks were not welcomed by Tehran and were considered Read more
Demonstrations in Sana’a by the Houthis demanding the resignation of the government and the re-establishment of the government subsidies will enter its “third stage,” Houthi leader Abdul Malik Al-Houthi warned. He claimed that it will be the “most painful.” President Read more
Tehran and Washington could be involved in another round of diplomatic tussle after a U.S Coast Guard vessel fired at a dhow. The U.S is claiming that the action was in self-defense while Iran has not commented on the matter. Read more
Saudi Arabia’s Foreign Minister Prince Saud al-Faisal met with Iran’s Deputy Foreign Minister Hossein Amir Abdollahian in Jeddah to discuss bilateral and regional issues. The relationship between the two countries is tense but President Rohani has promised to strengthen the Read more
Israel’s war with Hamas is having an effect on the Jewish State’s economy as the Central Bank announced a surprising decision to lower its benchmark short-term interest rate by a quarter-point to 0.25%; an all-time low. Business is slow in Read more