Main headlines
June 7, 2011
Due to the deteriorating security situation in Syria and the relations with Qatar, three leading Qatari firms have decided to move their investments to Jordan instead of Syria.
June 6, 2011
The Qatari government has raised QR50 billion (around US$14 billion) through bonds and treasuries to stabilize and balance the national banking system.
June 5, 2011
The Iraqi National Investment Commission has awarded Hanwha Engineering and Construction a $7.25 billion deal to build a new town at Besmaya, 25 kilometers east of Baghdad.
June 3, 2011
The Governor of the Central Bank of Syria, Adib Mayaleh, stated that the country’s economy has not been hardly affected by the two-month old popular protests.
June 2, 2011
The French industrial Group “Alstom” has signed an initial agreement with the Iraqi government in order to establish a metro network in Baghdad.
The Iraqi government has petitioned the United Nations Security Council to demand Israel pay compensation for the destruction of the Osirak nuclear reactor.
June 1, 2011
The Qatari Football Association has recently presented a lucrative offer to Barcelona’s coach Pep Guardiola.
May 31, 2011
Qatar pledges to invest $10 billion in Egypt to support its economy.
May 30, 2011
French Total Group on Tuesday announced that it had signed an agreement with CNOOC Middle East (Qatar) Limited to acquire a 25% interest in Qatar’s Block BC (pre-Khuff) exploration license.
Saudi Minister of Labor said the new "bands" program which is expected to be applied soon will stop 99% of the corruption involved in the visas trading activity in the Kingdom.
May 29, 2011
Sources in Kuwait have warned that there are signs of the beginning of a local crisis in the availability of diesel used by large trucks, factories and ships.
May 26, 2011
Robert Zoellick, the World Bank President, has announced that it will be lending Tunisian US$ 1.5 billion and Egypt US$ 4.5 billion over the next two years.
May 25, 2011
On April 7, 2011, EFG Hermes produced its fourth quarter earning’s report on ElSewedy Electric, reiterating a “buy” rating for the Egypt-based company.
May 24, 2011
Saudi Aramco and Air Liquide Arabia announced that they had signed a long-term nitrogen supply agreement for Saudi Aramco’s operations in Qurayyah, in the Eastern Province.
A new report has shown that Algeria’s trade surplus during the first four months of the year 2011 amounted to about US$8.6 billion.
