Home » August 31st, 2012 Entries posted on “August, 2012”

Saudi-Egypt causeway underway

The causeway project to connect Saudi Arabia and Egypt is reactivated again after president Mursi’s visit to King Abdullah in the kingdom. The 32km causeway will start from Ras Nassrani in the Egyptian resort of Sharm El-Sheikh, passing by Tiran Strait before reaching Ras Hamid near Tabuk in northern Saudi Arabia. Mohammed Rashad, Egypt’s transportation […]

August 31st, 2012 | Posted in Gulf News,Headlines | Read More »

Iran: NAM opening marred with attacks

The summit of the Non Aligned Movement (NAM) in Tehran has barely begun before attacks from the outgoing country presiding over the movement led to a walkout by Syria. 120 states are in attendance for the two-day tri-annual event. Opened by Iran’s Supreme leader, Ayatollah Khomeini, who stressed on his country’s ambitions to remain steadfast […]

August 31st, 2012 | Posted in Headlines,World News | Read More »

Saudi Aramco Suffers Major Cyberattack

Saudi state-oil company Aramco suffered lately its biggest cyber attack ever that affected about 30,000 workstations of the firm. The attack, which apparently had no direct impact on crude production, forced the Saudi oil giant to shut down part of its computer network and restrict access to it from the outside as a precautionary measure. […]

August 30th, 2012 | Posted in Energy,Headlines | Read More »

Qatar Islamic Bank plans a new Sukuk

A released statement coming from the Qatar Islamic Bank (QIB) revealed the bank’s intentions to launch a Sukuk issuance program. The amount to be offered will be up to $1,5 billion the statement declared. At present, the program is being held back by the bank because it has to be approved. A meeting will be […]

August 30th, 2012 | Posted in Finance,Headlines | Read More »

U.S. arms sales to Mideast hit record high in 2011

Worldwide weapons sales by the United States in 2011 hit a record high totaling $66.3 billion, making the U.S. responsible for more than three-quarters of the global worldwide weapon sales that nearly doubled to $85.3 billion, according to a new study prepared for the Congress. As U.S. arms sales to both developed and developing nations […]

August 29th, 2012 | Posted in Gulf News,Headlines | Read More »

Doha Building $ 1.6 Bln Giant Shopping & Entertainment City

Qatar, the oil-rich country, is building an iconic shopping city that will offer visitors a diverse mix of entertainment, hospitality, auto showrooms and over 500 international retail and dining outlets Dubbed “Doha Festival City”, this $ 1.6 billion landmark project will be constructed over a 433,847m2 area offering businessmen and retailers over 260,000 m2 of […]

August 29th, 2012 | Posted in Gulf News,Headlines | Read More »

Sahel problematic at the focus of international conference in Tunis

The Sahel problematic and the latest developments in the Sahel and Sahara region will be at the center of debates at an international conference to be hosted by Tunis this August 30-31. The conference is initiated by former UN Secretary General special representative and former Mauritanian Foreign Minister Ahmedou OuldAbdallah, who is chairman of the […]

August 29th, 2012 | Posted in Headlines,World News | Read More »

Oman: Phase II of Saih Rawl awarded

The $232 million Phase II project of the Saih Rawl Depletion Compression (SRDC2) on behalf of Petroleum Development Oman (PDO), the country’s first oil and gas exploration and Production Company, has been awarded to an Indian-based engineering and construction conglomerate Larsen and Toubro Limited (L&T). The project is part of plans to assure the flow […]

August 29th, 2012 | Posted in Energy,Headlines | Read More »

Turkey: TAV Holding close to buy back

The chief executive of Turkish airports operator TAV Havalimanlari Holding, sani Sener, said they are hoping to conclude to obtain the purchase of the remaining 35% of its Havas ground handling services unit soon. Mr. Sani Sener however hinted that the market conditions will determine when the earlier thought of public offering of the unit […]

August 29th, 2012 | Posted in Finance,Headlines | Read More »

AQIM plots to abduct Kennedy Heiress during her visit to Sahrawi camps (exclusive insight)

Credible sources amongst the US Intelligence community revealed today to Middle East Confidential that they believe terrorist group Al-Qaeda in the Islamic Maghreb (AQIM) is planning to abduct Heiress Kerry Kennedy, President of the Robert F. Kennedy Center for Justice and Human Rights (RFK Center), during her visit starting this day to Polisario Front camps […]

August 28th, 2012 | Posted in Headlines,World News | Read More »