Saudi Aramco Signs $10 Billion in Deals With U.S. Businesses including a Think Tank

(BE2C2) — Oil and gas field services companies and a think tank in the United States were among those involved in $10 billion in deals, the Saudi oil giant Aramco announced. Aramco took part in a bilateral business forum in New York City with chief executive officers from U.S. companies. Saudi Aramco President and CEO […]

UAE’s First of Four Reactors for $24Bln Nuclear Plant to Produce Power in 2018

(BE2C2 Report) — The first of four nuclear reactors being built by KEPCO is part of $24.4 billion Barakah power plant in the UAE. The first reactor should start commercial operations this year, an official from South Korea, whose power company Korea Electric Power Corporation (KEPCO) is building it, told Reuters on Tuesday. The Korean […]

Pakistan Participating in Month-Long 23 Nations Gulf Shield Joint Exercise-1

(PKONWEB Report) — Pakistan Air Force’s JF-17 squadron and military personnel are participating in Gulf Shield Joint Exercise -1, a multinational land, sea and air exercise off the Arabian Gulf on the eastern board of Saudi Arabia that will last for one month– it kicked off on March 18. Comprising defense forces from 23 nations […]

U.S., Pakistan Strongly Condemn Houthi Missile Attacks on Saudi Arabia

(PKONWEB Report) — The The United States of America and Pakistan strongly condemned the dangerous Houthi missile attacks aimed at several cities in the Kingdom of Saudi Arabia on Sunday night. One person was killed after seven missiles were fired from Yemen by the Houthi rebels, CNN reported. The missiles were fired at four targets, […]

The U.S., Turkey Alliance: Elephants in the Room

If the United States and Turkey part ways, Tehran, Moscow, and Beijing will not be the culprits but will certainly be the beneficiaries. The temptation is strong in Washington to simply jettison the foundering alliance with Turkey — as was recently done with Pakistan — and even to impose sanctions on Ankara for its actions. […]

Saudi Arabia Opens Foreign Investment for Domestic Workers Recruitment Agencies

The Saudi General Investment Authority (SAGIA) and the Ministry of Labor and Social Development said on Friday foreign investors are allowed to set up domestic workers’ recruitment agencies in Saudi Arabia. The move aims to raise competitiveness level in the recruitment sector, offer wide-ranging options that fit customers, develop the sector through benefiting from international […]

Water Stress Poses Greatest Threat to MENA Region

At the World Economic Forum 2015, experts on the MENA region stated that the water crisis is “the greatest threat to the region—greater even than political instability or unemployment”. SOPHO KHARAZI: An estimated 2.1 billion people have no access to drinkable water because of the polluted ecosystems affecting quantity and quality of water available for […]

Saudi Arabia Pledges to Acquire Nuclear Bomb if Iran Does

‘We’ll enter nuclear arms race if Iran does’ Saudi Arabia has warned that it will develop its own nuclear weapon if regional rival Iran acquires one. Crown Prince Mohammed bin Salman told US network CBS News in an interview that aired on Thursday on “CBS This Morning” his country did not want to acquire nuclear […]

Qatar Signs 3Bln Euro Deal for 28 Leonardo Military Choppers

Qatar has signed a contract worth more than 3 billion Euro for the purchase of 28 NH90 military helicopters, during DIMDEX, Qatar’s biennial defense exhibition. Qatar on Wednesday signed an agreement with Italy to purchase 28 NH90 helicopters through aerospace and defense group Leonardo. The two sides also signed two agreements on long-range missile carrier […]

Gulf Rail Connectivity Project on Track for Completion by 2021

Gulf Cooperation Council (GCC) nations remain committed to the Gulf railway network project and by 2021, the United Arab Emirates will have a rail link with Saudi Arabia, two top officials told delegates at the Middle East Rail conference in Dubai on Monday. Khalifa Bin Saeed Al Abri, Assistant Secretary-General for Economic and Development Affairs […]

MoU Seeks Pakistani Joint Ventures With Qatari Partners

Pakistan Business Forum Doha (PBFD) and Rawalpindi Chamber of Commerce & Industry have entered into a long-term partnership aimed at promoting mutual cooperation and bilateral trade, investment and industry between Pakistan and Qatar. The move comes as post-blockade, there have become opportunities for Pakistani businesses to enhance their exports to Qatar as Qatari businesses seek […]

Egypt to Award Red Sea-to-Mediterranean Rail Tender in H2 2018

(BE2C2 Report) — Egypt plans to award a tender for a high-speed railway between the Red Sea and the Mediterranean in the second half of 2018, transport minister Hesham Arafat said Monday. The project will connect the eastern resort of Ain Al Sokhna near Cairo to Al Alamein, a town west of Alexandria that was […]