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One of Saudi Arabia’s largest construction companies has issued an Islamic bond widely known as Sukuk in a move to enlarge its operations. The bond which is issued by the Saudi Binladin Group Sukuk limited in the Kingdom is $266.6 Read more
The Egyptian forces have started aerial attacks in the Sinai region following this week’s series of attacks by masked gunmen on their personnel at checkpoints in the area. The Supreme Council of the Armed Forces said they have accomplished their Read more
Saudi Arabia is planning mega-housing projects in the Holy city of Mekkah to boost its accommodation capacity as the city hosts every year increasing number of pilgrims. The Saudi firm “Jabal Omar Development Company, which has been entrusted with the Read more
Through its Agriculture and Fisheries minister, Oman has announced that its willingness to venture into aquaculture. Minister Fuad Bin Ja’afar Al Sajwani declared that the doors are open for investment as he urged individuals and specialized companies attracted to the Read more
The political crisis in Kuwait is yet to be over after the members of parliament decided to boycott the swearing –in ceremony; bringing a standstill to the situation because this is the second time such an action is repeated. The Read more
The Jordanians will provide special English language training and technical aviation training for Iraqi Air Force technical personnel. This $370 million training, to be completed by August 2013, is funded by the Pentagon. This one-year training, to be carried out Read more
Reports from the lead arrangers claim that four banks have been chosen by the largest lender by market value in the United Arab Emirates, the National Bank of Abu Dhabi (NBAD), to issue benchmark-sized bonds which could price within a Read more
Morocco and Jordan have received over $ 8 billion financial assistance from the International Monetary Fund to help the two countries economies withstand the fallouts of the political turmoil and popular unrests rocking the MENA region. A $ 6.2 billion Read more
The annual UN General Assembly is fast approaching and an official from Ramallah has disclosed that the Palestinian Authority will not undergo the same experience it went through last year in its ambitions to become more than an observer state Read more
Turkey’s military and Kurdistan Workers’ Party (PKK) forces have clashed after the latter attacked military outposts in the province of Hakkari which is a border town close to Iraq. . PKK’s attack is seen as a response to Turkey’s large Read more