Leading News Source For Middle East
Qatar is losing its position as a key regional player in the region to the Kingdom of Saudi Arabia, after recent diplomatic policies started to backfire. The Gulf state has been instrumental in supporting the Islamist political parties after the Read more
If the quotes of a prominent Saudi businessman are anything to go by, a number of the gulf state’s investors may be obliged to pull their investments out of Egypt by the year-end, according to the business daily, Al-Eqtisadiah. Current Read more
Metito, United Arab Emirates-based water and waste-water specialist, has announced that it has made progress as part of its expansion project, after securing long-term financing to support expansion plans in Indonesia, Egypt and China. Abu Dhabi-based Gulf Capital, and the Read more
Morgan Stanley Capital International (MSCI) added Qatar and the United Arab Emirates to its list of emerging markets benchmark, as part of a reclassification process that led to a rise in the stock exchange of the two countries. MSCI’s decision Read more
The guilty verdicts and sentences handed down by an Egyptian court against several workers for non-government organizations have prompted anger and outrage both in Washington and Brussels, and may result in diplomatic crisis. The U.S. administration and European governments have Read more
Ernst & Young’s quarterly report on “Renewable Energy Country Attractiveness Indices” which ranks forty countries based on their renewable energy markets has highly ranked Saudi Arabia, Egypt, and Morocco above all the other countries in the Middle East and North Read more
Iran is looking forward to forming an international petrochemical association, with Turkey and Egypt as members, according to a press release by the Turkish Plastic Industrialists Federation (PLASFED). The Turkish federation said that the state-owned National Iranian Petrochemical Organization (NIPO) Read more
Officials of the Arab league have held talks with US Secretary of State John Kerry at the Blair House, over issues surrounding the Middle East peace process and regional disturbances they are facing. The meeting which was attended by many Read more
Egypt has decided to begin work on its nuclear ambitions as soon as possible, as it awaits the arrival of the Russians to help in the implementation plans on the nuclear power station, located near the Mediterranean coast at Dabaa; Read more
Egypt’s Central Bank has received a deposit of $2 billion from Libya. The amount is reported to come from the Libyan investments in Egypt. Questioned about the reasons behind such a move, the Libyan Central Bank governor highlighted that the Read more