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Iraq has been rocked again by a new wave of car bombs and terror blasts killing on Wednesday at least 63 people and wounding several dozens during the Shiite annual pilgrimage processions. According to Iraqi security officials, these attacks, the Read more
Sadara is a petrochemical joint venture between oil giant Saudi Aramco and Dow Chemical. Sadara will soon announce a Sukuk project according to close sources. There are claims that the move is in line with Sadara’s bid to raise billions Read more
A new discovery in uranium reserves has increased the estimation of Jordan’s ore reserves at 12,300 tons. According to a released statement from the joint venture of Jordan Energy Resources Incorporation and AREVA, a French company (JFUMC), “further exploration proved Read more
The seven month old batter-like system agreement between Iran and India has been a dealt a big blow when Parsian, an Iranian Bank, announced that it doesn’t have enough Indian Rupees to pay guarantees for Iranian importers who do business Read more
The World Bank has deemed it necessary to help the MENA region rebuild from the aftermath of the Arab Spring with an investment of half a billion dollars. The bank is trying to raise the fund through one of its Read more
Three Islamic Banks in the Kingdom of Bahrain will be deciding on whether to give a green light in what will become the first merger in shareholder meetings to be held by the end of the month. A positive response Read more
A long term agreement has been concluded between Qatar Liquefied Gas Company (Qatargas), and the Tokyo Electric Power Company (TEPCO). The largest Liquefied Natural Gas (LNG) producing company and the largest Japanese buyer in the Japanese market signed a document Read more
A newly launched fund known as the Gulf Credit Partners which is the credit and mezzanine fund of Gulf Capital has just accomplished its second investment project in Turkey in its short existence. In its released statement, a $20 million Read more
After two years of hard work before successfully testing the prototype of their imagination drawn from a cedar tree, engineers at the American University of Beirut (AUB) have started what can turn out to be a new page in the Read more
The king of Jordan met up with investors in the Kingdom at the Aqaba Special Economic Zone (ASEZ) to discuss issues concerning investments and especially the hurdles when he was on a visit to Aqaba to evaluate the state of Read more