Leading News Source For Middle East
The United Arab Emirates is planning to build a US$3.3 billion solar park designed to produce 1,000 megawatts of power by 2030. The first bids for the construction a 10-megawatt unit will be issued during the 3rd quarter of 2012 Read more
The Autonomy Plan and the Moroccan new constitution are the real steps for a lasting solution for the Western Sahara conflict, revealed a report by the American think tank Carnegie Endowment. The report also appealed various parties in the region Read more
France has announced a $13 million financial assistance to the Palestinian authority to help it carry out a desalination project in the isolated Gaza strip. This project, which has been approved by the Union for the Mediterranean, will enable Palestinians Read more
Kuwait is planning to increase its oil production capacity from 3 Million barrel per day to 4 M/bpd by 2020 to meet rapidly soaring local, regional and international demands. To reach that goal, the Gulf state will carry out new Read more
The second North African conference on borders security will be held in Morocco by the end of 2012. The decision was made Monday by participants at the end of a two-day conference held in Tripoli (Libya) to look into several Read more
Qatar tops the list of the world’s richest countries thanks to soaring oil prices and its massive natural gas reserves, says U.S. magazine Forbes. The Oil-rich emirate, which has a 1.7 million people, posts a gross domestic product per capita Read more
Tunisia is planning to build a giant financial centre at Tunis Bay in a bid to attract foreign investors seeking growth opportunities in emergent markets. Dubbed Tunis Financial Harbor (TFH), this landmark project, to cost about $ 3 billion, will Read more
The United Arab Emirates (UAE) mulls building four new nuclear power facilities next year with the help of South Korea, in addition to the four already being built. To meet the rapidly increasing energy demands, the UAE state-owned Emirates Nuclear Read more
International Abraaj Capital Group, a leading private equity manager investing in emerging markets, has injected $ 125 million in Saham Finances Holding, leader in the insurance sector in Morocco and Francophone West Africa. The investment will support Saham Finances’ ambitious Read more
High oil prices have enabled Iraq to export 65.3 million barrels last January and earn 7.123 billion dollars, according to official figures released by the Iraqi oil ministry. The crude oil, which was sold at $ 109 for the barrel, Read more