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Alstom Thermal Power, an affiliate of French energy group Alstom, has won a $ 122 million contract to provide the steam tail for a gas-fired power plant under construction in Saudi capital of Riyadh. The PP12 plant, to be operational Read more
The dispute over the Tal law deepens as the Kadima party pulls out of the coalition government formed in May because of the failure to reach a consensus over the inscription of the country’s ultra-Orthodox Jews (Haredim) in to the Read more
Fighting in the capital continues as it spreads to the principal central streets and a square housing the Central Bank. In an all out attack on Damascus baptized “Operation Damascus Volcano” by the rebel groups, exchange of fire has been Read more
The United Arab Emirates has handed a 90-day notice to Barclays following its role in a scandal in England. Barclays is obliged to leave the rate-setting panel for interbank lending because the notice is mandatory. Barclays has of late manifested Read more
Reports are emerging that the building of a huge bus manufacturing and assembly plant capable of satisfying the region’s need is underway in Oman as the project’s Memorandum of Understanding has been signed between Oman Investment Fund (OIF) and Mowasalat. Read more
The preparatory process for Yemen’s national dialogue conference has been launched by Ban Ki-moon, UN’s Secretary General, calling it “an opportunity for all actors in Yemen to collectively establish a new social contract and achieve national reconciliation” in his opening Read more
The foreign ministry of the kingdom has released a statement announcing that the Syrian ambassador is no more welcomed and has to leave as soon as possible. Reasons for the declaration of the persona non grata were not advanced but Read more
The United Arab Emirates has received a boost in realizing its dream of having a nuclear power plant to meet its rising electricity demand and reduce its expenses on the importation of crude oil after the acquisition of the no-objection Read more
The kingdom of Saudi Arabia has scolded Russia and advised it to avoid distractions as the case of Syria worsens. In a statement designed as a response to Russia’s envoy for human rights in its foreign ministry, Konstantin Dolgov, the Read more
The Qatari government is seeking to buy 24 AH-64D Apache Block III Longbow attack helicopters, associated equipment and logistical support for $3 billion. According to the US Defense Security Cooperation, which has notified the Congress about this foreign military sale, Read more