August 14, 2012
The Iranian government announced it is ready to officially dedicate the grand unveiling of an underground natural gas storage facility just south of the nation’s capitol of Tehran.
The World Gold Council’s latest figures show official gold holdings in Lebanon stood at 286.8 tons as of August.
August 13, 2012
The high rate of unemployment among the young people in South Sudan will soon be a thing of the past, should the planned national youth service initiative announced by government become a reality.
The tunnels used to smuggle goods and people between Gaza and Egypt are partially back to work, amid attempts by the Egyptian military to shut them down
Iraq's oil output now stands at 3.2 million barrels per day, outpacing neighbouring Iran to become the second-biggest producer in OPEC, Iraq's top energy official said yesterday.
With its rich natural resources, Saudi Arabia is maintaining its progress in both the oil and non oil sectors.
The Public Accounts Committee (PAC) in the National Legislative Assembly (NLA) will effective Monday begin the long-awaited public hearing on the Auditor General’s 2007/2008 report, which unearthed massive financial mismanagement in the country.
August 12, 2012
Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency (IEA) said yesterday, citing slowdowns in China and the United States in particular.
Lack of access to funds for developing tourism projects by private entrepreneurs is an important challenge faced by the sector. "Most of the tourism projects are facing financial challenges,- said Ahmed bin Nasser Al Mehrzi, Minister of Tourism.
Asia's major crude buyers are finding ways around tough U.S. and EU sanctions to maintain imports from Iran.
As many as ten trade firms will be fined Dh50,000 each for breaching the federal labour law by recruiting violators.
The fiscal surplus of the sultanate widened further to a record RO1.6bn in the first half of this year, as against a surplus of RO386mn in the corresponding period of 2011, latest data released by National Center for Statistics and Information (NCSI) showed.
August 9, 2012
Abu Dhabi’s new airport deal is nearing a AED 4 billion ($1.1 billion), predominantly Shari’ah-compliant deal with a number of Abu Dhabi-based banks
Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.
On October 22nd, 2012 Dubai will be host to the World Energy Forum. The event will also mark the first time the event has ever been held outside of the United Nations headquarters, which is located in New York City, U.S.