Qatar’s new port makes progress

The new $7.4 billion Hamad Port in Qatar received its first ship in July, but only yesterday announced that it will begin accepting commercial...

Iran to Buy 114 Airbus Planes within Days

Iran will sign a contract this week to buy 114 Airbus planes from France, during a visit to Paris by Iranian President Sheikh Hassan...

$4 billion Saudi investment into Egypt?

A Saudi businessman is in talks with Egyptian authorities over a $4 billion tourism resort in Egypt's Red Sea region of Sharm el-Sheikh, Egyptian...

Standard and Poor’s cuts Saudi Arabia rating by two notches to...

Standard and Poor's cut Saudi Arabia's credit rating by two notches on Wednesday, saying low oil prices would have a considerable impact on the...

Russia To Build Egyptian Nuclear Plant

Moscow and Cairo have signed an agreement for Russia to build four third generation reactors in the northern city of Dabaa. It is expected...

Greece’s oil debt with Iran resolved

The deputy oil minister of Iran has announced that the signing of a Memorandum of Understanding (MoU) has created a framework to settle Greece's...

Morocco A Future Energy Superpower?

Morocco is set to become a solar superpower with potential to export power to Europe. The World Bank stated in an article on its website...

Lebanon concludes trade agreement with Iran

The Economy and Trade Minister Alain Hakim said on Tuesday that lifting the economic sanctions on Iran made the country a magnet for investments...

Iran signals tough stance in oil producers’ talks

Iran signaled on Wednesday it would take a tough line in talks among oil producers on restraining production, saying it would continue increasing its...

US State Department Approves The Sale of 22,000 Bombs To Saudi...

The US State Department have approved a deal worth $1.3 billion. This equates to 22,000 smart bombs that are to be used in the...