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The World Bank has released a report claiming that Palestine’s economy is not matured enough to support an independent state any time soon. The report acknowledges the efforts of the political authority but warned of risks. In a statement accompanying Read more
As Jordan continues to try to put its economy and political tension under control, it has come to a conclusion with the International Monetary Fund for a $2 billion loan. The rise in oil prices and the political tension has Read more
The new head of the UN supervision mission in Syria, Lieutenant General Babacar Gaye of Senegal, arrived in Syria Tuesday to take over from Norwegian Major General Robert Mood. The UN decided last week to send Lieutenant General Gaye as Read more
An oil tanker which can carry up to 700,000 barrels of oil has been launched by Iran in a move seen as way of bypassing US and European sanctions which have paralyzed its economy. The launched oil tanker was locally Read more
The UAE has announced that it will be the first and foremost country to have an Arab city which will be involved in manufacturing commercial airplane in a business venture. The project will be undertaken by its aerospace company Mubadala, Read more
The Turkish Army is planning to build intercontinental ballistic missiles (ICBM) in a bid to show off its military strength and assert its status as a rising great regional power in a tumultuous Middle east. Ankara’s ICBM ambitions and strategic Read more
When the Syrian foreign minister spokesman took to the podium during a press conference, revelations which were more of an acknowledgement were soon to follow. According to Jihad Makdissi, Syria is in possession of chemical weapons and they are ready Read more
Bahrain has been chosen as the headquarters of PineBridge Investments in the Middle East and North African region. Established as one of the best investment management companies in the world, PineBridge has an Independent asset of more than $67 billion Read more
Qatar, the world richest nation harboring the largest U.S. military base in the Gulf region, has been placed under the protection of the U.S. missile defense shield. According to some U.S. press reports, the Pentagon is currently busy working to Read more
The United Arab Emirates on Sunday launched a new offshore oil export terminal in Fujairah on the Gulf of Oman that will process up to 75 per cent of the Gulf country’s exports. The terminal has eight crude oil storage Read more