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A new discovery in uranium reserves has increased the estimation of Jordan’s ore reserves at 12,300 tons. According to a released statement from the joint venture of Jordan Energy Resources Incorporation and AREVA, a French company (JFUMC), “further exploration proved Read more
The seven month old batter-like system agreement between Iran and India has been a dealt a big blow when Parsian, an Iranian Bank, announced that it doesn’t have enough Indian Rupees to pay guarantees for Iranian importers who do business Read more
The World Bank has deemed it necessary to help the MENA region rebuild from the aftermath of the Arab Spring with an investment of half a billion dollars. The bank is trying to raise the fund through one of its Read more
Three Islamic Banks in the Kingdom of Bahrain will be deciding on whether to give a green light in what will become the first merger in shareholder meetings to be held by the end of the month. A positive response Read more
A long term agreement has been concluded between Qatar Liquefied Gas Company (Qatargas), and the Tokyo Electric Power Company (TEPCO). The largest Liquefied Natural Gas (LNG) producing company and the largest Japanese buyer in the Japanese market signed a document Read more
A newly launched fund known as the Gulf Credit Partners which is the credit and mezzanine fund of Gulf Capital has just accomplished its second investment project in Turkey in its short existence. In its released statement, a $20 million Read more
After two years of hard work before successfully testing the prototype of their imagination drawn from a cedar tree, engineers at the American University of Beirut (AUB) have started what can turn out to be a new page in the Read more
The king of Jordan met up with investors in the Kingdom at the Aqaba Special Economic Zone (ASEZ) to discuss issues concerning investments and especially the hurdles when he was on a visit to Aqaba to evaluate the state of Read more
The summit which focuses on finding means to expand and strengthen the economic bonds and encourage investments between Asia and the Middle East has begun with 150 senior decision-makers present to brainstorm the way forward. The summit is called the Read more
Malawi, host of the next African Union summit to be held in July, has sent a strong signal to the African Union that Sudan’s President, Omar Al-Bashir , is not welcomed into country. This decision was described by Malawi’s information Read more