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Egypt has less than two weeks before the runoff of the presidential elections take centre stage between Mohammed Mursi of the Muslim Brotherhood and Mr. Ahmed Shafiq. Both candidates are hard on their campaigns. During one of his campaigns, Mr. Read more
Another encouraging step has been taken by King Abdullah University of Science and Technology (KAUST) in its research work to find better performing alternative energy known as the New Energy Oasis (NEO) program. The university will now collaborate with First Read more
Reports have emerged from a German magazine that Israel has embarked on arming its submarines with nuclear-tipped cruise missiles that can be launched by a secret hydraulic ejection system. These submarines were built by Germany and they are believed to Read more
A militant group which took up arms in 2004 against former president, Ali Abdullah Saleh, has agreed to go to the negotiation table. The group known as Zaidi Shiite or Huthis according to the commission responsible for the national dialogue Read more
Qatar based directors of the Syria International Islamic Bank (SIIB) have decided to relax their roles in order to adapt to the US treasury sanctions against the lender. According to the central bank, “Qatari investors in the SIIB will not Read more
Saudi Arabia economy is expected grow by 6 pc in 2012 from 7.1 pc increase posted last year, says the International Monetary Fund in its latest annual review of the world major oil exporter and producer. The private sector will Read more
“We are a coalition of 94 (members of the Knesset). This is the time to lead a diplomatic process…but if isn’t possible to reach a permanent agreement with the Palestinians, we must consider an interim arrangement or even a unilateral Read more
The central government of Iraq will be holding a two-day auction for the exploration of twelve blocks. Five blocks are having oil whilst the rest contain gas. The two day session which will end on Thursday is the fourth auction Read more
The non presence of military personnel in the disputed Abyei area as requested by the UN Security Council has been confirmed by the UN peacekeeping mission there after the beginning of negotiations in Addis Ababa, Ethiopia. The confirmation is welcomed Read more
Kuwait Foreign Petroleum Exploration Corporation (KUFPEC), a state oil firm and subsidiary of Kuwait Petroleum Corporation, will be paying almost half a billion dollars to Enquest Plc, an oil and gas exploration company, for a stake in its North Sea Read more