Leading News Source For Middle East
The Libyan oil industry is quickly recovering in the aftermath of the revolution that rocked the country in February 2011. Contrary to experts’ pessimistic predictions that it would take the sector years to recover, Libya is already pumping 1.5 million Read more
Sukuk Al-Wakkah, a Medium Term Note program has been set up by the Bahrain based Gulf International Bank (GIB) for 1.1 billion dollars. The program falls under the tactical ambitions of the country’s search to vary its funding avenues and Read more
In a strategic move to curb the paperwork procedures and visa requirements for the tourists passing by or coming to the United Arab Emirates, a solution is finally forthcoming after more than 2 years of discussions according to an announcement Read more
The presidential election commission has officially announced the results of the first presidential elections after the Mubarak regime. There were no outright winners. Mohammed Mursi of the Muslim Brotherhood and Ahmed Shafiq, the last prime minister to serve under Hosni Read more
With debates and talks being held over its nuclear facilities and ambitions, Iran which still remains defiant to economic sanctions from international organizations and countries against its nuclear initiative has just made a stunning revelation that it will be building Read more
After signing two different contracts with a US firm and SMS Siemag AC, granting them various roles with different agreements necessary for the accomplishment of an aluminum plant, the Saudi Arabian Mining Company Ma’aden has concluded a third signing with Read more
Following the massacre that took place in the town of Houla, the UN’s Security Council held an emergency meeting to discuss Syria’s chaos. After a three hour meeting, the Security Council released a statement condemning the Friday massacre in Houla Read more
Oman’s Ministry of commerce and Industry has taken the decision to stop the merger of HSBC Oman and Oman International Bank (OIB). The decision will temporarily stop the merger because an India-based businessman has raised issues against HSBC via a Read more
The Baghdad talks have come to an end after an unscheduled additional day to pursue discussions after no agreements were made. Both parties involved in the talks came up with their own proposals which led to another rendezvous in June. Read more
King Mohammed VI was the first foreign head of state to be received at the Elysée palace by the new French president François Hollande for talks on the longstanding relations between Morocco and France. The King of Morocco, who is Read more