Leading News Source For Middle East
President Ali Abdullah Saleh, who has agreed to step down and hand over power to the vice-president in a deal brokered by the Gulf Cooperation Council, has arrived in the United States “for medical treatment”. Before leaving his country, he Read more
The Arab League has called on Syrian President Bachar al-Assad to hand over power to his vice president in a new peace initiative unveiled to halt 10-months of bloodshed in country. At the end of their meeting in Cairo, Arab Read more
The Gulf Cooperation Council (GCC) economic growth is expected to slow down to 4 pc in 2012 from 7.4 pc of last year, says the National Bank of Abu Dhabi in its latest outlook report. This deceleration is due mainly Read more
The humanitarian situation in Palestine is worrying due to Israel’s continued settlement activity in the West Bank and its adverse effects on economic development and Palestinians’ access to basic services, says UN Under-Secretary-General for Humanitarian Affairs. The UN official also Read more
Damascus has denounced Qatar’s proposal of sending Arab troops to Syria to help end the 10-months of bloody violence and clashes between government forces and protesters. Syrian Foreign ministry expressed “deep astonishment” over such a proposal which it flatly rejects, Read more
Saudi Arabia has signed a cooperation agreement with China for the civilian use of nuclear energy. The agreement follows similar deals sealed with France, Argentina and South Korea. The Saudi kingdom, the World major oil producer and exporter, also held Read more
Lebanese Bank “Credit Libanais Group” and the International Finance Corporation (IFC) have signed a trade finance agreement that will help Lebanon’s private sector access global import and export markets, boosting trade and economic growth. Credit Libanais is the fifth bank Read more
Saudi Arabia oil minister has affirmed that his country has the capacity to fill any loss of crude oil production that may occur from the new international sanctions banning all oil imports from Iran for its persistence to continue its Read more
The 5th World Future Energy Summit (WFES) opens on Monday in Abu Dhabi to discuss key global issues relating to energy policies, development strategies, commercial incentives and industry-related challenges and trends. The WFES 2012 brings together more than 60 ministers Read more
Judges and directors of mediation centers from the Middle East & North Africa are busy working on a regional network of mediators to support entrepreneurs and investors in the region. This project, sponsored by the International Finance Corporation (IFC), is Read more