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22 Feb, 2026
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Middle East Confidential

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Month: June 2012

Morocco: Bombardier buys plant’s land

June 19, 2012June 19, 2012 Jaber Ali

In relations with the Memorandum of Understanding concerning the establishment of a manufacturing facility signed during the Dubai Airshow in 2011 between the Moroccan government and Bombardier Aerospace has now been transformed in to practice when it was announced by Read more

Headlines, World NewsAirshow, AMDI, Bombardier, Casablanca, Dubai, Guy Hachey, IMA, Mohammed V, Morocco

Egypt: Mursi as first civil president

June 18, 2012June 18, 2012 Peter Mulvany

Earlier today, the campaign team of Dr Mursi claimed victory in the 2012 presidential election based on the total of 97.66% of election official counting from polling stations reported by candidate representatives around the country after the counting finished. The Read more

Headlines, World NewsEgypt, Hosni Mubarak, Hussein Tantawi, Mursi, Muslim Brotherhood, president, Shafiq

Middle East: Transocean selling its rigs

June 18, 2012June 18, 2012 Peter Mulvany

Although it is yet to be officially announced, there are rigs up for grab in the Middle East according to anonymous sources close to Transocean. Among one of the sources, “there are about 30 rigs for sale and the equity Read more

Energy, HeadlinesBP, British Petroleum, Gulf of Mexico, Macondo, Transocean

Oman: Riyam Computer concludes partnership deal with QGroup

June 18, 2012June 18, 2012 Jaber Ali

One of OMZEST (Omar Zawawi Establishment) Group’s subsidiary known as Riyam Computer Services (RCS) has concluded a partnership deal with QGroup, a German based company. Both of the two companies are actors in the Information Technology sector. As far as Read more

Finance, HeadlinesOman, Omar Zawawi, OMZEST, QGroup, QTrust, Riyam

Syria: New banknotes released

June 15, 2012June 15, 2012 Peter Mulvany

Bankers in Syria have said that the government has released new banknotes into the system which are believed to be printed in Russia. The new move is in line with Damascus’s aims at curbing inflation and easing its fiscal deficit Read more

Finance, Headlinesbanknote, Bashar Assad, Damascus, Mohammed Al Jleilati, Russia, syria

Yemen: Government forces continue advancing

June 15, 2012June 15, 2012 Jaber Ali

The government forces have gained significant grounds against Al-Qaeda-linked Ansar Al-Sharia in their last confrontations which forced them to abandon two of their major strongholds; Zinjibar and Shaqra. The militants of the Ansar Al-Sharia have now regrouped in a town Read more

Headlines, World NewsAl-Qaeda, Ansar Sharia, Jaar, Qaeda, Shaqra, Yemen, Zinjibar

Egypt: The military given back powers by a decree

June 14, 2012June 14, 2012 Jaber Ali

The military personnel have regained the rights to arrest civilians after a decree from the justice minister was published on the 13th of June. The new decree will come in to effect on Thursday and will reinstate the rights which Read more

Headlines, World NewsAhmed Shafiq, Egypt, Emergency Law, Hussein Tantawi, Mohammed Mursi, Mubarak

Israel: Other alternative for gas demands

June 14, 2012June 14, 2012 Peter Mulvany

After Egypt’s decision to bring an end to their two decade deal with Israel in April, the Jewish state was forced to start searching quickly for other options to meet its energy needs. Israel had to ask the companies present Read more

Energy, Headlinesgas, Israel, Leviathan, Mediterranean, Noble Energy, Pinnacles, Tamar

Over 60 people Killed In Iraq Sectarian Violence

June 13, 2012June 13, 2012 Jaber Ali

Iraq has been rocked again by a new wave of car bombs and terror blasts killing on Wednesday at least 63 people and wounding several dozens during the Shiite annual pilgrimage processions. According to Iraqi security officials, these attacks, the Read more

Headlines, World NewsIraq, Nor Al-Maliki, Saddam Hussein, Sectarian Violence, Shiite, Sunni

KSA: The kingdom’s second sukuk

June 13, 2012June 13, 2012 Jaber Ali

Sadara is a petrochemical joint venture between oil giant Saudi Aramco and Dow Chemical. Sadara will soon announce a Sukuk project according to close sources. There are claims that the move is in line with Sadara’s bid to raise billions Read more

Finance, HeadlinesAlinma Bank, ARAMCO, Bank Al Bilad, Dow Chemical, eutsche Bank, KSA, Riyad Bank, Sadara, Satorp, Sukuk

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