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According to industry sources familiar with the Rabigh II petrochemical expansion project, a deal is in the pipeline and will be concluded before the end of the month between the Saudian-based Oil Company, Aramco, and Sumitomo Chemical from Japan. The Read more
The Iraqi government has warned that the oil deals concluded with Irak’s local or regional governments without the approval of the Federal government are null and void. The stance was reaffirmed by Deputy Premier for energy affairs, Hussein al-Shahristani, during Read more
The Kuwaiti Constitutional Court has declared the current parliament, elected in polls organized pursuant to an Emiri decree, unconstitutional. The court ruled that the emiri decree that called for the 2012 election was unconstitutional and ordered reinstating the previous assembly Read more
The 2 day talks concerning Iran’s nuclear program ended in a standstill at Moscow with another rendezvous wished but the date is yet to be chosen. Iran is accused of having military ambitions but it has maintained that the program Read more
With reference to a rating statement from Moody’s, Tamweel is on the verge of beginning a project based on the sale of a mortgage-backed sukuk (Islamic bond) secured in the emirate and related receivables to gather an amount of $235 Read more
After a harsh and painful presidential election run in Egypt, the score was so close that nobody could celebrate proudly. Shafiq is out of sight maybe retiring in Sharm El Sheikh while Mursi is sticking close to SCAF headquarters waiting Read more
Preparations have already begun for the sixth edition of Gulf Industry Fair (GIF), the Northern Gulf’s premier business-to-business (B2B) industrial expo, from January 15 to 17 next year. The event will be held in Bahrain and it will be hosted Read more
Saudi Arabia’s Defense Minister Prince Salman bin Abdulaziz has been named crown prince and heir apparent, succeeding his hard-line brother prince Nayef who died in a hospital in Geneva at the age of 78. The late prince Nayef was interior Read more
Political tensions is mounting in Kuwait reaching unprecedented levels threatening the stability of the oil-rich Gulf state, one of the major allies of the US and the West in the region. Skirmishes between cabinet members (controlled by the Al-Sabah ruling Read more
After several unsuccessful exploration attempts at the Risha gas field, British Petroleum (BP) made it public on Monday that they have begun drilling at the first well last week. A four year authorization to end in 2013 was handed over Read more