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Political tensions is mounting in Kuwait reaching unprecedented levels threatening the stability of the oil-rich Gulf state, one of the major allies of the US and the West in the region. Skirmishes between cabinet members (controlled by the Al-Sabah ruling Read more
After several unsuccessful exploration attempts at the Risha gas field, British Petroleum (BP) made it public on Monday that they have begun drilling at the first well last week. A four year authorization to end in 2013 was handed over Read more
In relations with the Memorandum of Understanding concerning the establishment of a manufacturing facility signed during the Dubai Airshow in 2011 between the Moroccan government and Bombardier Aerospace has now been transformed in to practice when it was announced by Read more
Earlier today, the campaign team of Dr Mursi claimed victory in the 2012 presidential election based on the total of 97.66% of election official counting from polling stations reported by candidate representatives around the country after the counting finished. The Read more
Although it is yet to be officially announced, there are rigs up for grab in the Middle East according to anonymous sources close to Transocean. Among one of the sources, “there are about 30 rigs for sale and the equity Read more
One of OMZEST (Omar Zawawi Establishment) Group’s subsidiary known as Riyam Computer Services (RCS) has concluded a partnership deal with QGroup, a German based company. Both of the two companies are actors in the Information Technology sector. As far as Read more
Bankers in Syria have said that the government has released new banknotes into the system which are believed to be printed in Russia. The new move is in line with Damascus’s aims at curbing inflation and easing its fiscal deficit Read more
The government forces have gained significant grounds against Al-Qaeda-linked Ansar Al-Sharia in their last confrontations which forced them to abandon two of their major strongholds; Zinjibar and Shaqra. The militants of the Ansar Al-Sharia have now regrouped in a town Read more
The military personnel have regained the rights to arrest civilians after a decree from the justice minister was published on the 13th of June. The new decree will come in to effect on Thursday and will reinstate the rights which Read more
After Egypt’s decision to bring an end to their two decade deal with Israel in April, the Jewish state was forced to start searching quickly for other options to meet its energy needs. Israel had to ask the companies present Read more