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Five Omani banks have been downgraded by Moody’s credit rating agency less than a month after it took a similar move against the country’s credit rating. Moody stated in its report that the affected banks can no longer rely on Read more
Israel’s Ambassador to the US Ron Dermer stated that Tel Aviv supports the aspirations of the Kurds for independence, comparing their struggle to that of the Israelis. This came in a statement relayed by Iraniennes.com. The Kurds have been fighting Read more
Boeing could soon be concluding an agreement with Iran as Tehran invited the US aviation company to negotiations after the US government last month authorized Boeing to do business in the country. If the deal is reached, this will be Read more
Members of the Gulf Cooperation Council (GCC) namely Saudi Arabia, Qatar, Bahrain, Oman, Kuwait and the United Arab Emirates have labelled the Lebanese-based Hezbollah as a terrorist organization a day after Nasrallah lambasted Riyadh for its actions against Lebanon because Read more
Documents released by the US and said to be from the dossiers seized from Osama Bin Laden’s hideout in Pakistan during a raid in 2011 which led to his death showed that Al-Qaeda’s branch known as the n the Islamic Read more
UN Secretary General’s Special Representative and Head of the UN Support Mission in Libya (UNSMIL), Martin Kobler, told the Security Council that the humanitarian situation has “deteriorated further” and the political stalemate is enabling terrorists and criminals to have “deep Read more
Despite Egypt’s efforts to expand the Suez Canal to reduce the transit period at the canal and increase revenues, the tunnel is seemingly snubbed by freighters as vessels are increasingly bypassing the Suez Canal for the traditional round the Africa Read more
Exchange of gun shots between Jordanian security forces and an armed group in the northern city of Irbid close to the border with Syria took place on Tuesday. The unidentified gunmen are claimed to be “outlaws” according the government and Read more
Operation Al Jazeera Security is underway in Iraq where security forces and Shia militia groups have launched attacks on militants of the Islamic State group in the northwestern desert areas of Iraq. The operation seeks to disrupt supply routes from Read more
Egyptian Prime Minister Sherif Ismail informed the parliament that the country’s debt has soared to around $293 billion (EGP 2.3 trillion) almost a year after the Central Agency for Public Mobilization and Statistics stated in a March 2015 report that Read more