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Trans-Arab railway still on paper

More than 30 years after a body was set up to assess the viability of a trans-Arab railway project the idea still remains on paper. It was way back ...

Lamy praises Oman’s trade performance

Pascal Lamy, Director-General of World Trade Organisation (WTO), has hailed Oman’s trade performance as ‘overall good’ even during the global financial crisis. ...

Egypt banking sector outlook stable with abundant liquidity

The banking sector outlook for Egypt, which has embarked on significant banking reforms since 2004, is stable for 2009 and is not significantly affected by the global financial crisis due to its minimal exposure, according ...

Tunisia / United Nations Millennium: The shadow of the international crisis

For its first major media event, the United Nations Office in Tunis has chosen, rightly, the theme of "The Millennium Development Goals (MDGs). . Having been adopted in September 2000, Millennium, however has not lost its topicality, being due to continue until 2015 ...

Low investor confidence set to delay property marker recovery in Dubai

Dubai property market recovery could be delayedLack of investor confidence could delay a recovery in the Dubai real estate market until late 2011 ...

France eyes aircraft, railway contracts in Qatar, Saudi Arabia

France is eyeing contracts for airplanes and railways in Qatar and Saudi Arabia as it seeks to boost trade with the oil-rich states, French Economy Minister Christine ...

Kuwait looks to raise stake in China’s ICBC

OPEC oil exporter Kuwait is looking to raise its stake in the Industrial and Commercial Bank of China (ICBC) and invest in Chinese energy and industrial sectors, its finance minister said. Speaking on the sidelines of the ...

Bahrain sovereign wealth fund to focus on domestic investments for now

Bahrain's sovereign wealth fund said on Friday it would focus for now on its domestic investments, including Gulf Air, but would be on the lookout for global investments in sectors like tourism. ...

Egypt central bank cuts key interest rates

Egypt's central bank cut its overnight deposit rate by 50 basis points to 9.5 percent and its overnight lending rate by 100 basis points to 11.0 percent, the bank said ...

Zain plans US$5 billion new acquisitions by 2011

Kuwait's Mobile Telecommunications plans to spend up to US$5 billion on new acquisitions by 2011, its chief executive was quoted  as saying. ...

Etisalat to bid for stake in Morocco’s Meditel

UAE Emirates Telecommunications said it would bid for a stake in Morocco's Meditel as it seeks acquisitions in the Middle East and Africa ...

Oman’s solar power bid attracts robust international interest

Oman's maiden foray into large scale renewable energy development has generated mammoth international interest. A record 50-plus firms have ...
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