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The build-up towards a possible foreign intervention in Syria is getting closer by the day and the allies have been deploying their arsenals in nearby waters. Russia has responded to the anchoring of U.S warships near Syria by sending a Read more
Alaeddin Boroujerdi, the head of Iran’s parliament foreign policy committee, has claimed that Lebanese Foreign Minister Adnan Mansour was right when he said that the desire of the United States to attack Syria has a hidden agenda against the region. Read more
Bahrain sovereign fund Mumtalakat has announced that it has secured loans to pay the remaining half of the syndicated facility which matured at the end of August. The facility was secured in 2008. A quarter of a billion dollars was Read more
HSBC Holdings, Europe’s biggest bank, is winding up some of its activities in certain countries found in the Middle East and North Africa. The bank is also limiting its activities in certain areas because it wants to boost its profitability. Read more
Members of the Gulf Corporation Council (GCC) will be facing gas shortages within 2 years if they don’t act swiftly to avoid it. The warning was issued by Booz and Company, a global consultancy firm. It highlighted that the massive Read more
A quarterly report from the International Atomic Energy Agency (IAEA) has stated that Iran has upgraded its nuclear program, with new centrifuges that could enable it to enrich uranium at a faster rate. Tehran has always maintained that its nuclear Read more
An anonymous senior Syrian officer has warned that the Middle East is gearing up for a regional warfare if Western powers attack Syria. He pinpointed that Israel will heavily suffer from the circumstances. Western powers are mounting pressure on Assad Read more
Iraqi authorities have begun to react against reports circulating in the media. Reports coming out from the country are heavily centered on attacks and roadside bombings with casualties. The government acknowledges that attacks are still being carried out but disagrees Read more
Ibrahim al-Rubaish, a Saudi Arabian and a top member of Al-Qaeda, has pointed fingers at King Abdullah accused of helping the secular forces in Egypt and those who are fighting against Allah. He is considered to be the chief of Read more
State owned Oman Development Bank (ODB) could be opening an Islamic window rather than becoming an Islamic bank, according to the Assistant General Manager for branches of the bank, Hamed bin Salim Al Harthy. Oman has been the slowest country Read more