Leading News Source For Middle East
The African Union-UN Mission in Darfur (UNAMID) came under an ambush leaving one dead and injuring three others. However, what seems to surprise UNAMID the most is the type of weapons used by the unidentified assailant during the attack because Read more
The opening of the more $2 million Dammam Terminal Yard has been announced by Globe Express Services (Overseas Group) as part of its expansion program. The terminal yard located at the Dammam Sea Port Zone on the Arabian Gulf covers Read more
AXA insurance is undertaking an intensive expansion plan in the Middle East after positive results in the region. It revealed its plans of a $60 million expansion investment budget during a period of three years to maintain its market position Read more
The Tunisian government has received over $ 5 Million loan from the European Investment Bank and Luxembourg to enable microfinance institutions continue to support poor, low-income or unsalaried borrowers so that they can depend on themselves and meet their basic Read more
Turkey’s flag carrier, Turkish Airlines, is eyeing an expansion project to double its fleet in less than a decade. Despite the economic crisis, the company has been expanding and a look at its figures shows that the demand is high Read more
The Gaza strip will be undergoing modernization after Qatar pledged to take care of projects worth $254 million. These projects will help in rebuilding Gaza after its destruction by an Israeli military offensive in 2009. Work on these projects will Read more
Bahrain is set to attract Scottish investments in information technology and food and beverages as the country’s development board eyes greater presence in the region and the executive accountant of Scottish Development International (SDI), Sreenath Somanath, confirmed it by admitting Read more
The new chief executive of Dubai Mercantile Exchange (DME) wants to change the way the exchange has been operating. He is thinking of refreshing its Oman crude futures contract by attracting major consumers and Middle East banks, rather than national Read more
Reports originating from a German magazine called Der Spiegel have stated that Iran has set up plans to block the Strait of Hormuz by causing an environmental disaster. According to the report, Iran is planning to do such an act Read more
President Mohammed ould Abdelaziz was slightly injured Saturday after soldiers opened fire on his motorcade, reports said. The president has been admitted to the military hospital in capital city, Nouakchott, where he underwent a surgery. On Sunday, he was airlifted Read more