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The Bahrain logistics Zone with over 475,000 square meters of leasable space for companies that focus on re-export and value-adding logistics activities was launched here yesterday. "This is an important step to encompass Bahrain's vision to becoming an alternative hub in the Gulf to serve vast...
15 new members of the UN Human Rights Council will be chosen at tomorrow’s session of the General Assembly with Serbia as a potential candidate. There are three candidates for two seats for Eastern Europe—Serbia, Slovakia and Ukraine—while Spain, France and Great Britain will contest the two...
The Chief Executive of the Kuwaiti telecom company, Zain said that the company may sell shares worth up to $5 billion in a stock offering in Europe in 2009, Gulf Daily News reported. He added that the mobile operator also said it on track for an initial public offering (IPO) in Gulf neighbor...
Bahrain International Airport (BIA) is set to receive 8.5 million passengers by year-end making it one the high yield years in BIA history, a senior official at Civil Aviation Affairs Bahrain said. Ahmed Nemat, Assistant Undersecretary for Aviation Services, in his opening remarks at the opening...
Deal is part of regional alliance to create attractions and merchandise featuring Islam-inspired superheroes KUWAIT CITY, Kuwait, May 20 /PRNewswire/ -- Teshkeel Media Group (TMG), creators of the world-acclaimed comic series THE 99, today announced a groundbreaking partnership with United...
Gulf countries plan to invest US$18 billion in steel production to meet soaring demand because of the region's unprecedented construction boom, the United Arab Emirates' state-run news agency reported Tuesday. Oil-rich Arab countries in the Persian Gulf will invest in 46 steel manufacturing...
William Pentland 04.30.08, 6:00 AM ET The Middle East is hardly known as the capital of clean energy, but Bahrain and the United Arab Emirates are trying to change that. A few weeks ago, 100-foot-wide propellers began turning on the recently completed World Trade Center building, making Bahrain...
At a time of rapid price increases, our natural resources seem ever more precious and their future more uncertain. British geologists, working in a remote Persian wilderness, first discovered oil in the Middle East. Remarkable though it may now seem, almost all experts of the day felt that the...
The total size of GCC investments outside the region had crossed the $60 billion, a senior official told the MENA-OECD Investment Workshop held in Bahrain yesterday. Alexander Bohmer, Executive Programme Manager at MENA-OECD Investment Programme, said that the various initiatives in member states...
The GCC bourses posted slightly better results yesterday, with a majority markets closing up. While Bahrain closed 30 points shy-off the 2,900 mark, Qatar stayed afloat on blue-chip buying. Both Dubai and Kuwait also took U-turns toward the green. Elsewhere, Abu Dhabi's stocks failed to inspire...
