Leading News Source For Middle East
Agility, a logistic firm, has revealed its intentions to invest in countries that experienced Arab Spring with new governments due to their heavy expenses on oil industries and infrastructure. Its chairman and managing director, Tarek Sultan, said that negotiations are Read more
The West Bank has been rocked for several days by protests and demonstrations against the harsh living conditions endured by Palestinians who can no longer cope with rising prices and economic hardships that were worsened by the austerity measures introduced Read more
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
Details are still emerging from the assumed killing of the second-in-command of Al-Qaeda in the Arabian Peninsula (AQAP), Said al-Shihri. Government officials claim he has been killed in an operation in the Hadramawt area, southern Yemen. Circumstances surrounding his death Read more
Hopes in Lebanon are high as reports carry out that its offshore natural gas deposits in the eastern Mediterranean is greater than that of Cyprus and Syria after a just it concluded 3D seismic survey, citing the CEO of Norway-based Read more
A stake of 6.6% has been acquired by a Jordanian private equity firm in the Jordan Dubai Islamic Bank (JDIB). The private equity firm known as Foursan Group has now taken over as the second largest stakeholder in the bank. Read more
After Prime Minister Benjamin Netanyahu suddenly brought an end to Israel’s security cabinet meeting because of the leaks he dubbed to be the state’s top secret to be a betrayal of the nation’s trust. A senior Israeli security cabinet member Read more
Recognized as the world’s largest oil exporter, Saudi Arabia risks to be importing oil in less than two decades if the rate at which it is consuming continues on its trend, a report from Citigroup has warned. Given its relatively Read more
One of Libya’s most wanted men, Abdullah Senoussi, has been extradited by Mauritania. He was the former intelligence chief under the former regime. Mr. Senoussi was arrested in March on his arrival in Mauritania in a flight from Casablanca, sparking 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