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Qatar, the world richest nation harboring the largest U.S. military base in the Gulf region, has been placed under the protection of the U.S. missile defense shield. According to some U.S. press reports, the Pentagon is currently busy working to Read more
Reports are emerging that the building of a huge bus manufacturing and assembly plant capable of satisfying the region’s need is underway in Oman as the project’s Memorandum of Understanding has been signed between Oman Investment Fund (OIF) and Mowasalat. Read more
The Qatari government is seeking to buy 24 AH-64D Apache Block III Longbow attack helicopters, associated equipment and logistical support for $3 billion. According to the US Defense Security Cooperation, which has notified the Congress about this foreign military sale, Read more
The ratings agency Standard & Poor’s predicted that the Gulf Cooperation Council banks will be shielded from the Euro zone turmoil and will continue recovering steadily from the 2008 credit crisis, despite the persistence of some pockets of risk. Since Read more
Qatar has expressed interest in purchasing 22 Seahawk multi-mission helicopters, associated equipment, parts, training and logistical support for an estimated cost of $2.5 billion. The US Defense Security Cooperation Agency has notified the Congress of this sale deal which includes Read more
Following the Final Communiqué of world powers during the week end in Geneva, Saudi Arabia which was absent at the meeting has urged the world to stand against Assad. In a released statement after a usual weekly cabinet meeting which Read more
A long term agreement has been concluded between Qatar Liquefied Gas Company (Qatargas), and the Tokyo Electric Power Company (TEPCO). The largest Liquefied Natural Gas (LNG) producing company and the largest Japanese buyer in the Japanese market signed a document Read more
Qatar based directors of the Syria International Islamic Bank (SIIB) have decided to relax their roles in order to adapt to the US treasury sanctions against the lender. According to the central bank, “Qatari investors in the SIIB will not Read more
Qatar has a decade left on its stopwatch before the FIFA World Cup takes centre stage in the Gulf and the whole world’s eyes will be on them. Works have been going on to get everything set for the tournament. Read more
The high profile summit between member states of the Gulf Co-operation Council (GCC) ended without any agreements being signed. Instead, another summit has been arranged and it will be held in Bahrain in December. The Riyadh summit chaired by the Read more