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KEFI finds new gold prospect in Saudi Arabia
Source : Saudi Gazette  
Date : 2013-06-15
KEFI Minerals has discovered another gold prospect at its Jibal Qutman project in Saudi Arabia with the early stage trenching results described as exceptional by the company....
Aramco's JV refinery with Total to open in Dec.
Source : Saudi Gazette  
Date : 2013-06-15
Saudi Aramco Total Refinery and Petrochemicals Company (Satorp) expects its new refinery at Jubail Industrial City to be fully operational in December 2013, the joint venture's chief executive said....
Saudi Arabia's e-Commerce likely to grow to SR 50 bn by 2015
Source : Arab News  
Date : 2013-06-15
Saudi e-Commerce in Saudi Arabia is expected to increase in the next two years to SR 50 billion ($ 13 billion), bearing in mind that the Kingdom monopolizes 45...
Iran plans to issue $ 32b in bonds to fund development projects
Source : Tehran Times  
Date : 2013-06-15
The Central Bank of Iran has been authorized to issue 392 trillion rials (about $ 32 billion based on official rate dollar of 12,260 rials) in bonds to finance development...
Dubai hotel chain to invest in Sharjah
Source : Gulf Today  
Date : 2013-06-15
A leading boutique chain of hotels is set to establish two more hotels in Sharjah at the cost of Dhs280 million , as the hotel industry in the UAE continues...
UAE is a hub for global healthcare firms
Source : Gulf Today  
Date : 2013-06-15
The UAE is now the regional distribution centre of a global integrated healthcare firm that has decided to hire the warehouse facilities and freight forwarding services of another international company...
Iran ramps up wheat buying
Source : The Peninsula  
Date : 2013-06-15
Iran has ramped up its campaign to import wheat, buying more than 800,000 tonnes in two weeks in what some traders said was a drive to ensure adequate supplies for...
Ooredoo withdraws bid for Vivendi stake in Maroc Telecom
Source : The Peninsula  
Date : 2013-06-15
Qatar-backed telecom group Ooredoo has withdrawn its bid for Vivendi's 53 percent stake in Maroc Telecom, leaving rival Gulf operator Etisalat as the remaining bidder....
Real Estate sector up over 5% in a week
Source : Arab News  
Date : 2013-06-15
Saudi Arabia's benchmark stock index continued its upward march for the fourth straight week, advancing 0.14 percent further....
Omani SMEs to learn from Korean expertise
Source : Oman Daily Observer  
Date : 2013-06-15
A group of Omani entrepreneurs and managers of small- and mid-sized enterprises (SMEs) is visiting South Korea within the framework of a programme that aims at improving the performance of...
Bahrain attendee of honor at 16th Arab-German Economic Forum
Source : Kuwait News Agency  
Date : 2013-06-15
Bahrain will be the country of honor at the 16th session of the Arab-German Economic Forum that kicked off on Friday in Berlin, under the auspices of Philipp Rosler, Germany's...
Economy boosts sales of fleet cars in UAE
Source : Khaleej Times  
Date : 2013-06-15
The UAE's resurgent economy is fuelling the sales of fleet cars, a phenomenon that will provide a host of business opportunities for automotive service organisations and spare parts distributors, according...
Gulf nations' investments in power sector to hit $ 250b
Source : Khaleej Times  
Date : 2013-06-15
Gulf countries' investments in the power sector is estimated to reach $ 250 billion in the next five years due to massive development and rapid growth, according to a latest...
Spanish firms target Saudi solar energy sector
Source : Arab News  
Date : 2013-06-15
A group of Spanish companies have expressed willingness to enter into partnership with their Saudi counterparts to set up plants for production of solar energy to meet local demand and...
CITC increases penalties on use of illegal SIM cards
Source : Arab News  
Date : 2013-06-14
The Communication and Information Technology Commission (CITC) has increased the penalty for companies and shops involved in the illegal sale of SIM cards from SR 5 million to SR 25...
Oman to participate in Asia's largest ICT meet
Source : Oman Daily Observer  
Date : 2013-06-14
The Sultanate is set to take part in Asia's largest annual event, the Infocomm Media Business Exchange — hosted by the Infocomm Development Authority of Singapore (IDA) and organised by...
Yemen, Mauritania sign agreement to regulate air transport
Source : Yemen News Agency  
Date : 2013-06-14
Yemen and Mauritania signed on Thursday in Nouakchott an agreement-in-principle to regulate air transport and a memorandum of understanding allows the immediate operation of both countries' national carriers....
Ramadan meat supplies pledge
Source : Gulf Daily News  
Date : 2013-06-14
Around 130,000 sheep are expected to be imported into Bahrain to ensure adequate food stocks during Ramadan, which starts next month....
Vodafone moves for Kabel Deutschland
Source : Gulf Today  
Date : 2013-06-14
British mobile firm Vodafone is pursuing Kabel Deutschland after having an initial 7.2 billion euro ($9.6 billion) bid proposal knocked back by Germany's biggest cable operator, sources close to the...
Successful Expo 2020 bid will see spurt in Dubai mega projects: IMF
Source : Gulf Today  
Date : 2013-06-14
The International Monetary Fund (IMF) has highlighted that the country's economic recovery has continued to strengthen amid favourable oil prices and capital inflows and said that 'a broadening recovery in...
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