Latest Arab News
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Shlomo Maoz Arabs pay higher interest rates
"If I live in Israel and I'm Bedouin or Arab, the interest rate I pay is higher. The closer I get to the White Men and Tel Aviv, the interest rate I pay ...
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Iran Hezbollah increasing support for Assad U.K.
Hezbollah were "propping up" Syrian President Bashar al-Assad and giving him increasing support. "It is very clear that Syrian regime is receiving a great deal of support, increasing support in recent months from ...
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QRail to render Qatar unrecognisable by 2019
A senior executive at Qatar Rail (QRail) has revealed the staggering statistics behind the $40bn slew of rail-based contracts now getting underway across the State of Qatar, in a Qatar University seminar dedicated to the national endeavour. Broken down the programme includes a light rail transit linking Lusail and West Bay to be completed by 2017, the first phases of both the long-distance ...
More Arab News
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Human Rights Minister Bahrain Has Presented Itself as a Model in Implementing BICIs Recommendations
Rabat, May 22. (BNA) -- On the sidelines of the Kingdom's human rights delegation's visit to Morocco, at the invitation of the Inter-ministerial Delegation on Human Rights here, Human Rights Affairs Minister Dr. Salah bin Ali Abdulrahman met here today with the Attorney General of the King at the Court of Cassation Mustafa. During the meeting, Mustafa Maddah welcomed the ...
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Deputy Premier Receives British Ambassador to Bahrain
Manama, May 22. (BNA) -- Deputy Premier Shaikh Mohammed bin Mubarak Al Khalifa received here today the British Ambassador to Bahrain Iain Lindsay. They reviewed the positive outcomes of His Majesty King Hamad bin Isa Al Khalifa's recent visit to the United Kingdom and the warm welcome and hospitality accorded to him by Her Majesty Queen Elizabeth II and British senior officials. The ...
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Qatar hits fresh 28-month high UAE markets mixed
Elsewhere, Dubai's benchmark gained 0.2 percent to finish at 2,323 points, giving back some early-session gains as investors booked some gains in UAE stocks. Abu Dhabi's index slipped 0.2 percent to 3,503 points, down for a third session since Monday's 54-month ...
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Crowell Moring Cairo advises ADIB-Egypt on landmark Islamic Finance deal
) in connection with a landmark Islamic Finance facility extended to Maridive and Oil Services SAE. Abu Dhabi Islamic Bank- Egypt was the Initial Mandated Lead Arranger (IMLA) and the global coordinator in the deal, coordinating the financing with Abu Dhabi Islamic bank (UAE), Arab African International Bank, Banque du Caire and Arab International Bank. The deal is the first Islamic Ijara ...
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MIDEAST STOCKS-Kuwait dips from 4-yr high as rally stalls mkts mixed
By Nadia Saleem DUBAI | Wed May 22, 2013 10:12am EDT DUBAI May 22 (Reuters) - Kuwait's rally stalled on Wednesday as investors booked profits in bluechip and mid-cap stocks, while other Middle East markets were mixed in lacklustre trade. Kuwait's index fell 0.3 percent, easing from Tuesday's near four-year high. Telecom operator Zain and National Bank of Kuwait shed 1 and ...
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MIDEAST WEEKAHEAD-Slow progress on development projects puts Kuwait stock market boom at risk
By Nadia Saleem DUBAI | Wed May 22, 2013 10:12am EDT DUBAI May 22 (Reuters) - Kuwait's stock market boom could run out of steam if the government doesn't push ahead soon with long-delayed infrastructure projects aimed at diversifying the oil-reliant economy. Turnover on the Kuwait Stock Exchange has tripled from six months ago as reduced political unrest and an improved economic ...
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U.S. stands by Yemen Kerry says
John Kerry said. Kerry said Yemen has made important strides in transitioning toward a democratic government. "Yemenis from all walks of life have come together to chart a new course for their country through their National Dialogue, setting an example for the region of meaningful change through negotiation, inclusion and reconciliation," he said in a statement. Yemeni President ...
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Iranian unmanned aircraft found in Bahrain
An Iranian unmanned aircraft was discovered in northern Bahrain near Saudi Arabia, the Bahraini interior ministry said in a statement. In the statement issued late Tuesday, Interior Minister Sheik Rashid bin Abdullah al-Khalifa condemned Iranian spying efforts and accused Tehran of interfering with the internal affairs of Bahrain and Saudi Arabia. The minister expressed gratitude to Saudi ...
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Syria to reject outcome of Friends of Syria meeting envoy
Syrian Ambassador to Jordan Bahjat Suleiman said Wednesday that his country will reject the outcome of the "Friends of Syria" meeting slated to open soon in Amman.Speaking at a press conference, Suleiman said "we cannot accept any of the results of the so-called Friends of Syria meeting."The diplomat slammed the countries that will partake in the meeting as "Friends of ...
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Syrian army advances in Qussair city amid rebels strong resistance
The Syrian army continued on Wednesday its wide-scale operation in the central strategic city of al-Qussair amid a strong resistance from the rebels.The governmental troops have restored security and stability to Al-Akari and Tal Sar villages and hunted down rebels in the town of al-Hamidieh on the outskirts of al-Qussair, state-run SANA news agency said Wednesday.The army pushed its way into ...
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Sri Lanka to resume refinery on Friday with Oman light crude
Wed May 22, 2013 9:06am EDT * Oman crude shipment of 1 mln barrels expected on Friday * Refinery built to process Iranian oil, yields low from Omani * Sri Lanka decides to import Murban light - minister * Sri Lanka has been buying Iran oil in mid sea - opposition MP By Shihar Aneez and Ranga Sirilal COLOMBO, May 22 (Reuters) - Sri Lanka's sole refinery, which was closed last week due to a ...
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Sembcorp opens $1bn plant in Omans Salalah
The facility includes a gas-fired power plant and seawater desalination plant, and will provide water and power to the Gulf country under a 15-year purchase ...
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Chevron to sell downstream assets in Egypt Pakistan
Chevron is the second largest oil company in US Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.Chevron, the second-largest U.S. oil company, is conducting a separate sale process for its assets in both countries, the banking sources said, speaking ...
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Egypt Central Bank to auction $800 million forex again
Street vendor distributing bread in Egypt Egypt's central bank said on Tuesday it would offer $800 million to banks at an exceptional auction of foreign currency on Wednesday to cover the country's strategic import needs.The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other ...
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France beefs up Africa Middle East embassy security
PARIS, May 22 (Reuters) - France will invest about 20 million euros ($25 million) to increase security for diplomats and embassies in the Middle East and Africa after its mission in Libya was targeted by a car bomb in April, the Foreign Ministry said on Wednesday. Spokesman Philippe Lalliot confirmed an email sent by Foreign Minister Laurent Fabius to staff on Tuesday saying the measure ...
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Statement by Bishops and Representatives of Jordan on Kidnapping of Syrian Prelates
Here is a statement released by the Bishops and Representatives of the Churches in Jordan regarding the kidnapping of two Metropolitans in Aleppo, ...
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Iranian drone spotted in Bahrains airspace
Bahrain's Interior Minister on Wednesday said an Iranian drone was spotted in Bahrain's airspace in the northern part of the country near Saudi Arabia.Lieutenant-General Shaikh Rashid bin Abdullah Al Khalifa said that Iran is increasingly meddling in the internal affairs of both Bahrain and Saudi Arabia, adding that Bahrain has uncovered a terror cell linked to Iran."Iran's ...
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Kerry hails tentative $2.1bn arms sale to Oman
US Secretary of State John Kerry hailed on Wednesday what US officials said was an estimated $2.1bn deal for Oman to buy a ground-based air defence system from US defence contractor Raytheon ...
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Mobinil Ericsson to bring next generation internet technology to Egypt
Growing consumer demand for mobile connectivity in Egypt has resulted in a new agreement between Mobinil and Ericsson whereby Ericsson will modernize Mobinil's ...
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Friends of Syria meet as conflict escalates
DAMASCUS (AFP) - Hezbollah fighters have poured across the border from Lebanon into Syria, a watchdog and others say, bolstering Syrian regime forces battling to retake the key rebel stronghold of Qusayr.Washington condemned Hezbollah's intervention on the side of President Bashar al-Assad's regime and diplomats said the European Union was poised to place the Shiite militant ...
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To locate the next Arab Spring revolution look to the soccer stands
globalization . Now a Singapore-based bloggersays soccer can tell us which Middle East or North African government will be the next to blow. At the top of the list: Algeria and Saudi Arabia. Over at his ...
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EURCHF hits a new high this year pushed by SNBs Jordan
Legal disclaimer and risk disclosure Forex trading carries a high level of risk and may not be suitable for all investors. It could also result in losses equalling or exceeding your initial investment. Before deciding to invest in Forex trading, you should carefully consider your investment objectives, level of experience and risk appetite. You are strongly advised to carry out your own ...
Lebanon Explored
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Lebanon on the up despite uncertainty over future conflicts
Lebanon has seen strong economic growth since the 2006 war between Israel and Lebanon and the tourism sector, along with construction is experiencing strong signs of confidence from investors. If all goes well, the country may be able to shake off perceptions in the international community of a war-torn and politically unstable country.
The war in 2006 between Hezbollah and Israel had a severe impact on Lebanon. Tourism in 2006 plummeted as international holidaymakers shied away from a country seen as unstable, plagued by an internal lack of security and on the verge of another war, as Israel warned of future military action if the government did not do more to disarm Hezbollah. While some progress has been made in this regard, the greater achievement is the country’s resurgence in the areas of investment, construction and tourism even as the global economy quivers at the edge of a possible second downturn in Europe. Read more
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