Algeria

Anti-Counterfeiting Bill to be Prepared in Algeria
15/04/2014 10:14 GMT

An inter-ministerial committee is in charge of drafting a law to strengthen the fight against counterfeiting, which is hurting the national economy, Algerian Customs Directorate General Mohamed Abdou... More


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Barhrain

Bahrain’s Kalaam Telecom Acquires Lightspeed Communications
16/04/2014 08:57 GMT

Kalaam Telecom, a top telecom provider in Bahrain is acquiring Lightspeed Communications, a subsidiary of Jordan Telecommunications, which would make Kalaam the second-largest Internet Service... More


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Egypt

Egypt’s Arabian Cement Planning Intl. IPO
15/04/2014 07:59 GMT

Egypt’s Arabian Cement Company plans to hold international presentations from next week aimed at attracting investors to a stock market debut that would be the first in Cairo since the fall of... More


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Iran

Iran Eyes Better Trade with Pakistan, Afghanistan, Central Asia
16/04/2014 09:51 GMT

Minister of Roads and Urban Development Abbess Akhoundi said that Iran built infrastructure for cargo transit on eastern Iran to develop trade with Pakistan, Afghanistan and Central Asia. Iranian... More


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Iraq

Daewoo's Oil Deal Gets Iraq Nod
16/04/2014 06:18 GMT

Daewoo Engineering & Construction has won approval from Iraqi authorities for its US$588.8 million gas and oil separation plant (GOSP) contract at the giant Zubair Oil Field, according to a report.... More


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Kuwait

Parliament to Decide to Remove Gasoline Subsidy in Kuwait
16/04/2014 09:41 GMT

The Kuwait Parliament is reportedly prioritizing the proposal to lift the subsidization of petrol for expatriates and reduce subsidies on electricity despite mixed support from MPs, it was... More


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Libya

Royal Jordanian Cancels Libya Flight
16/04/2014 08:51 GMT

Royal Jordanian airline cancelled its scheduled flight to Libyan capital Tripoli following the kidnapping of Jordan's ambassador to Libya, Fawaz Al Etan. The airline said it is closely monitoring the... More


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Oman

Shipping Fleet to Expand as Oman’s Oil Investments Rise
16/04/2014 04:32 GMT

Oman Shipping Company SAOC (OSC), the principal provider of maritime transportation services to the nation’s critical energy and industrial sectors, envisions a significant increase in the size of... More


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Qatar

Qatar to Invest in Infra-Structure Sector
16/04/2014 09:54 GMT

HE Minister of Economy and Trade Sheikh Ahmed bin Jassim Al Thani said that the State of Qatar will invest around QR664 billion (US$182 billion) in infra-structure in the next five years. His... More


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Saudi Arabia

Inflation Decreases in Saudi Arabia
16/04/2014 09:26 GMT

Saudi Arabia’s March inflation has edged down to 2.6% from 2.8% in February 2014, according to official data. Saudi Arabia's Central Department of Statistics has released the March consumer price... More


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UAE

Dubai’s DIB Plans to Increase Foreign Ownership
16/04/2014 09:47 GMT

Dubai Islamic Bank on Tuesday announced that its foreign ownership limit has been increased by an additional 10%, following the completion of all regulatory formalities. The new limit at the bank now... More


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Yemen

France & Yemen to Improve Oil & Gas Partnership
16/04/2014 07:21 GMT

Minister of Oil and Minerals Khaled Bahah discussed on Tuesday in Paris with French Foreign Minister Laurent Fabius supporting the project of Yemeni-French strategic partnership in the fields of oil... More


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General News

MENA IPO Market Off to Slower Start Compared to Q1 2013
16/04/2014 04:58 GMT

According to EY’s MENA IPO update, five IPOs from MENA raised US$1. 3 billion in Q1, 2014, a decrease of 21% in terms of value compared to Q1, 2013. The MENA IPO market in Q1 saw no change in terms... More


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