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A report from Arab Petroleum Investments Corp has revealed that oil producers in MENA are planning a total investment of US$740bn on energy projects over the next 5 years (2013-2017). The five countries leading the investment table are Saudi Arabia Read more
In a bid to reduce its cost of operation and invest in richer markets, Switzerland’s second-biggest bank is reducing its investment banking team in Dubai as it takes some of them to Qatar. According to sources, Credit Suisse taking its Read more
After two years of absence in the sukuk market, the board of the Qatar Islamic bank (QIB) has approved the issuance of another sukuk program. According to a released statement, an amount of $1.5 billion has been given the green Read more
A released statement coming from the Qatar Islamic Bank (QIB) revealed the bank’s intentions to launch a Sukuk issuance program. The amount to be offered will be up to $1,5 billion the statement declared. At present, the program is being Read more
Negotiations between a Kuwait based telecommunication operator, Zain, and Vodafone are heading to the right direction as wished by the two companies. In a statement released by Zain, the two companies seem not too far away from the concluding the Read more
Reports have emerged that the Gulf countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman, have been showing keen interest in bolstering their defense artilleries with the latest Lockheed Martin Corp missile defense system. According to Read more
In a move to manifest its solidarity in the revival of Egypt’s economy and its struggle to shake-off the effects of its post-revolution, Qatar has announced that it will deposit an amount of $2 billion at Egypt’s Central bank. The Read more
News is circulating that Qatar is thinking of purchasing up to 200 tanks from Germany at an estimated price tag of almost 2 billion Euros. German Chancellor, Angela Merkel, has already given a green light to the deal according to Read more
The Qatari government has purchased 24 Swiss-made PC-21 military training planes for its newly created air force academy looking forward to provide world-class training for young pilots. The deal worth over $600 million includes advanced ground-based training tools, logistical support Read more
On Throne day, the kingdom’s King marked the 13th anniversary by delivering a speech in honour of the occasion; and challenging the current government to attract sovereign funds from the countries in the Gulf as the region’s economy experiences hard Read more