Leading News Source For Middle East
Netherlands-based Nebras Power Investment Management B.V. (NPIM), an affiliate of Doha-based Nebra Power company, Sunday signed a binding deal for the acquisition of 75 % of shares of Dutch leader in sustainable energy producer, Zon Exploitatie Nederland Holding (Zen), reports Read more
The Saudi manufacturer and provider of advanced copper, aluminium and fibre optic cable products, Saudi Cable Company (SCC), has sold its shares in Turkey-based Demirer Kablo to China’s group Jiangsu Zongitan Technology (ZTT), Bahrain-based Trade Arabia reports. The media says Read more
As a direct result of the violent controversy born of a football match in Baghdad, in all the cities of Iraq, the names of streets related to the Algerian culture or which pay homage to Algerian towns and localities are Read more
Around 1,000 Saudi women have applied for co-pilot and flight attendant positions at Flynas after the low-cost airline announced this week it will soon start recruiting Saudi women as co-pilots on its aircrafts. The Riyadh-based airline reportedly received, 24 hours Read more
Turkey hopes to host Europe’s Euro2024 with the UEFA Executive Committee scheduled to convene in Nyon, Switzerland, on Sept. 27 to choose the EURO 2024 host. Germany is the second candidate for the football event. The bid is the fifth Read more
Care-taking Prime Minister Haider al-Abadi Thursday indicated that he would not seek a new term in office after he lost the support of the country’s top Shia cleric Ayatollah Ali al-Sistani. “We respect and obey the instructions of the religious Read more
Total investment of Swiss companies in Saudi Arabia hit $2.91bln, Saudi authorities announced Thursday. Saudi Arabian General Investment Authority (SAGIA) in a statement noted that most of investments came from 94 firms. These Swiss entities according the SAGIA have pumped Read more
The $119-million waterfront project underway at Sa’ada, in the Muharraq area of Bahrain, will wrap up in the fourth quarter of next year, Trade Arabia reports. Phase One of the project being developed by Bahrain Real Estate Investment Company (Edamah) Read more
Czech authorities have announced the construction of a Czech House in the disputed city of Jerusalem as a step toward the transfer of the European country’s embassy, following similar move by the United States in May. The Czech government, according Read more
Saudi Arabia’s long awaited fastest train Haramain will eventually start commercial operations as of this September 24. The train, capable of moving at speeds exceeding 300 Km per hour, will connect Madinah and Mecca cities. The 450km line will also Read more