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Paid for the risk Egypts tempting pound
Surprising as it may seem, the Egyptian pound has got some fans. The currency has languished for months at record lows against the dollar and the headlines arealarming the lack of an IMF aid programme, meagre hard currency reserves, political upheaval. So what's to like ? Analysts at Societe Generale say thatjust looking at the spot exchangerate of the pound is missing the bigger picture. ...
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Exact date of beginning of Ramadan month in Azerbaijan made public
The exact date of the beginning of Ramadan month in Azerbaijan has been made public. Deputy director of the Shamakhi-based Tusi Astrophysical Observatory of the Azerbaijan National Academy of Sciences (ANAS) Khidir Mikayilov ...
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Israel seeking to revive peace talks with Palestinians Netanyahu
Israeli Prime Minister Benjamin Netanyahu told visiting US Secretary of State John Kerry Thursday that his country is seeking to revive peace talks with the Palestinians.At the beginning of a meeting with Kerry, Netanyahu said "above all, we want to restart the peace talks with the Palestinians."Kerry arrived in Israel on Thursday as part of the ongoing efforts exerted by the US ...
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Former Israeli PM offered major concession to Palestinians in 2008
Former Israeli Prime Minister Ehud Olmert offered far-reaching territorial concessions to Palestinian President Mahmoud Abbas in 2008 as part of a future peace deal, Israeli news website Walla reported Thursday.According to the report, in a meeting between Olmert and Abbas held on Sept. 16, 2008 in Jerusalem, the former drew a map of the borders of the future Palestinian state along the Israeli ...
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Iran holds US Britain responsible for killings in Syria deputy
An Iranian Deputy Foreign Minister said the United States and Britain are responsible for the killings in Syria, Press TV reported Thursday."The United States and Britain have made numerous strategic mistakes in the region, including in Syria, and are considered responsible for the killing of the Syrian people," Deputy Foreign Minister for Arab and African Affairs, Hossein ...
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7 killed 40 injured in clashes in Lebanons Tripoli
At least seven people were killed and 40 others injured in overnight clashes in Lebanon's northern city of Tripoli, local security official told Xinhua Thursday.On Wednesday, gunfire between the rival neighborhoods of Alawite Jabal Mohsen backing Syrian President Bashar al-Assad, and Sunni Bab al-Tabbaneh, the opponents of the Syrian administration, broke out in Tripoli, bringing the total ...
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Egypt manages through the bottleneck 2nd currency auction succeeds
It did not say how much currency it actually sold Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.It did not say how much currency it actually sold.Egypt has used up its foreign currency reserves, ...
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Another $150 million loan to Jordan from World Bank
Jordanin Police keep guard as Syrian refugees look on at the King Abdullah Refugee Camp for Syrian refugees 2 kilometers from the Syrian border (Photo by Chris Jackson/Getty Images) The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday."The ...
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Iran seeks to speed up nuclear activity IAEA
VIENNA (Reuters) - Iran is trying to accelerate its uranium enrichment program, a U.N. nuclear report showed, but experts said it was unclear when Tehran's new machines could start operating and how efficiently they would ...
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Digital technology poised to reshape Middle East business
Middle East business will be transformed by digital technologies and companies not investing in that transformation face an existential competitive threat. That’s the message leading industry figures will be bringing to ArabNet ...
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Arab Parliament warns of escalation of events in Syria
WAM CAIRO, May 23rd, 2013 -- The Arab Parliament has warned of a dangerous escalation of events in Syria amid the intervention of third parties directly and indirectly in the pro-Syrian regime. Ahmad bin Mohammed Al-Jarwan, Speaker of the Arab Parliament, condemned the continuation of violence, murder and heinous crimes committed against Syrian civilians, the use of heavy weapons on the ...
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Kuwait crude oil exports to S. Korea up 14.4 percent
WAM ABU DHABI, May 23rd, 2013 (WAM): Kuwait's crude oil exports to South Korea in April grew 14.4% from a year earlier to 11.08 million barrels, or 369,000 barrels per day (bpd), according to latest data released by the state-run Korea National Oil Corporation. As South Korea's number-two supplier, Kuwait provided 16.0% of the Asian nation's total crude oil imports in April, ...
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Barred from election Rafsanjani lambasts Iranian authorities report
In this picture taken on Saturday, May 11, 2013, former Iranian President Akbar Hashemi Rafsanjani waves to media as he registers his candidacy for the upcoming presidential election at the election headquarters of the interior ministry in Tehran, Iran. (AP Photo/Ebrahim ...
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Media watchdog criticises UAE over tweeters jail term
United Arab Emirates this month on similar charges.RSF "expresses outrage at the Abu Dhabi appeals court confirmation of the 10-month prison sentence of netizen Abdullah al-Hadidi," it said in a statement issued on Wednesday.Hadidi is the son of one of 94 Islamists being tried in the Gulf state's top court over an alleged plot to seize power.A court jailed him for posting details ...
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Israel government divided on peace issue Livni
Head of Israel's parliamentary opposition Tzipi Livni attends a news conference at the Knesset, Israel's parliament, in Jerusalem, Wednesday, Nov. 30, 2011. (AP Photo/Sebastian ...
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US Secretary of State John Kerry visits Oman
US Secretary of State John Kerry has visited Oman to help finalise a $2.1bn deal to supply a US-made air defence system to the Gulf nation. Omani Foreign Minister Yussef bin Alawi bin Abdullah greets Kerry upon his arrival in Muscat. (Getty ...
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German intelligence sees Assad forces gaining report
Germany's foreign intelligence service believes Syrian President Bashar al-Assad's forces have gained strength, revising its prediction from last year of a quick regime collapse, a media report said.Assad's forces are now able to keep the rebels in check, although victory remains elusive, according to a report by the service chief Gerhard Schindler, news site Spiegel Online ...
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Bahrain banks announce plans to merge
Bahrain's Al Salam Bank and BMI Bank, an affiliate of Oman's Bank Muscat, have announced plans to merge, a tie-up which would create the kingdom's third-largest bank by assets, the lenders said in a ...
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Qatar buys stake in Total’s Congo operations
State-owned Qatar Petroleum International (QPI) has agreed to buy a state in oil giant Total's operations in the Democratic Republic of the ...
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Local Haqqani leaders killed in E. Afghanistan
Two local leaders of the Haqqani militant group had been killed in eastern Afghan province of Paktiya, 100 km south of capital Kabul, said the NATO-led International Security Assistance Force (ISAF) Thursday."Afghan and coalition security forces confirmed today the death of two senior Haqqani leaders, Qari Azzam and Mukhlis, during an operation in Zurmat district, Paktiya province, ...
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IAEA report indicative of Irans nuclear progress Iranian official
Iran's permanent representative to the International Atomic Energy Agency (IAEA) said the recent report of the UN nuclear watchdog about Iranian nuclear program is an indicative of his country's progress and achievements, state- run IRIB TV reported Thursday.The progress in Iran's nuclear program has been made in line with the IAEA regulations and under the watch of the agency, ...
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More than 210000 travelers visit Bahrain
Manama, May 23 (BNA) -- The Assistant Undersecretary for Exits, Search and Follow Up at the Nationality, Passports and Residency General Directorate today announced that 210979 travelers have entered the Kingdom between 16 and 22 May. According to weekly figures, King Fahad Causeway witnessed 173229 travelers entered the Kingdom from KSA and other GCC countries, while 37278 travelers entered ...
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Syria opposition open key talks in Istanbul
ISTANBUL (AFP) - Syria's main opposition National Coalition opened a fresh round of talks Thursday in Istanbul, where dissidents will discuss a US-Russian proposal to bring rebels and regime officials to the negotiating table, an opposition official told AFP.During their three-day meeting in Turkey, the Coalition is also expected to choose a new president, discuss expansion to include new ...
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Jordan stopped receiving Syrian Refugees at Border
GENEVA- U.N. officials said Tuesday there has been a sudden fall in the number of Syrian refugees arriving in Jordan, amid reports that Jordan’s government has clamped down on the relentless influx of people escaping Syria’s civil war. Panos Moumtzis, the top U.N. refugee official for Syria, said the usual flow of up to about 3,000 refugees daily had ';dropped to almost ...
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Fifa World Cup-themed $820 million mall for Qatar
A QR 3 billion (US$820 million) World-cup themed shopping mall in Doha which hopes to attract 20 million visitors a year is set to be completed in 2015 the developer said yesterday. Developer UrbaCon Trading & Contracting said the Mall of Qatar, a 162,000 square metre mall located in Doha next to one of the future venues for the FIFA 2022 World Cup, has been designed with a FIFA theme. ...
Saudi Arabia Digest
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Saudi Arabia's massive infastructure drive
Saudi Arabia is in the midst of a major construction boom being implemented and supported by the national government in order to improve infrastructure and living standards in the largest economy in the Arab world.
It was recently announced by the director-general of the Saudi Industrial Property Authority (MODON), Tawfig Fawzan Alrabiah, that a new industrial city would be built in Taif in order to cope with growing demand for industrial land in Saudi Arabia. The Taif Industrial City will in fact be a ‘city within a city’ so to speak, but will measure 11 square miles in size and will function as a fully-fledged industrial city, providing all the infrastructure required in such zones. Read more
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