Recent

US undersecretary of commerce for international trade says a lot of work to be done before reaching a final agreement with Iran
April 20, 2015 - 18:32 GMT
A lot of international companies are knocking the doors of Iran for investment especially in the energy sector, Iranian officials recently said.
The government is currently negotiating a $500 million loan from the World Bank to build affordable housing (image: on file).
April 20, 2015 - 18:27 GMT
The Arab country’s economy is recovering from four years of political upheaval.
SABIC plans to cut costs and is well positioned to deliver sustainable growth.
April 20, 2015 - 17:36 GMT
SABIC reported a 39 percent decline in first-quarter profit to SR3.93 billion ($1.05 billion) as average sales prices dropped following a slump in global crude prices.
Kampac said the project is likely to take up to 15 years for completion, with the first phase expected to be ready as early as 2018.
April 20, 2015 - 06:55 GMT
Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion.
The initial subscribed capital of AIIB will be $50 billion and is planned to be increased to $100 billion (image: on file).
April 20, 2015 - 05:55 GMT
Jordan and 56 other countries will be founding members of the China-led Asian Infrastructure Investment Bank (AIIB),
A power station will come up on a sprawling 50,000 sq m land at Dagharah area, while another one will be built on a 50,000 to 60,000 sq m site at Al-Suniyah area (image: on file).
April 20, 2015 - 05:55 GMT
Iraq's electricity ministry has invited expressions of interest from major companies for the construction of three solar power stations and a wind power plant.
The Council will take its decision after examining the report of the finance committee (image: on file).
April 19, 2015 - 21:19 GMT
The Shoura Council on Monday will vote on a proposal to convert the proposed sports stadiums into fully fledged sports villages.
The Transportation and Telecommunications Ministry has given local agents Taj Al Khaleej Travel and Tourism official permission to make the arrangements. (Image: Wikimedia Commons)
April 19, 2015 - 14:21 GMT
Syrian Air is set to resume flights to and from Bahrain from May 2, a report said.
According to the resolution, the MBRSC is mandated to develop research, projects and studies on space.
April 19, 2015 - 13:50 GMT
The center will support UAE's drive for advancing this sector and for building national capabilities related to the space knowledge and science.
The chairman was at the helm of Arabtec during last June’s market crash, following a dispute that led to the resignation of CEO Hasan Ismaik and the dismissal of much of the management team.
April 19, 2015 - 12:49 GMT
Riad Kamal, who founded Arabtec in 1975, was also not on the list, although his departure was considered less surprising.
In its rating action, Moody’s has also lowered Bahrain’s foreign currency bond ceiling to Baa 1 from A3 and the foreign-currency deposit ceiling to Baa 3 from Baa2.
April 19, 2015 - 06:55 GMT
Moody’s Investors Service said on Thursday it has downgraded Bahrain’s long-term government issuer rating to Baa 3 from Baa2 due to expected deterioration in the government’s finances.