Monday 22 October 2018 \

 

Economy

Russia May Sign Agreement to Build 8 Reactors in Iran

Source : RIA / 24 May 2014

Moscow may sign an intergovernmental agreement with Teheran this year to build eight new reactors for nuclear power plants in Iran, a source close to the negotiations told journalists Thursday.

Two reactors could be

 

Saudi Arabia one of world’s fastest growing markets

Source : Saudi Gazette / 23 May 2014

Saudi Arabia is one of the fastest growing markets in built asset performance compared to the world’s 30 highest grossing countries, a report issued recently by EC Harris, ARCADIS Company and built asset consultancy firm.

Based on findings of the ARCADIS Global Built Asset Performance Index, Saudi Arabia is set to receive a significant boost by 70 percent over the next decade due to the heavy investment in its built environment.

 

Venezuela to send oil to Palestine

Source : Ma'an News / 20 May 2014

Venezuelan President Nicolas Maduro pledged to send oil and diesel to the Palestinian Authority, as part of agreements signed with its leader Mahmoud Abbas during his visit to Caracas.

 

Wealth of UK’s 10 richest Arabs soars to $26bn

Source : Al Arabiya / 19 May 2014

The wealth of the 10 richest Arabs in the UK has soared by 50 percent in the last year, according to an annual ranking by the Sunday Times.

The Saudi Arabian business mogul Mohammed Bin Issa al-Jaber, who made his fortune in the hotels, restaurants and food industries, was ranked the richest Arab living in the UK, with a fortune of about $10.36bn, the newspaper said.

 

Mexico Seeks Malaysia’s Expertise To Develop Halal Industry

Source : Halal-Focus / 19 May 2014

Mexico is seeking Malaysia’s expertise to develop its halal industry to become a regional halal hub given the huge potential of the global halal industry, said Mexico’s ambassador to Malaysia Carlos Felix Corona.

 

Dutch firms no longer welcome in KSA

Source : Arab news / 17 May 2014

Saudi Arabia has banned Dutch companies from participating in its future projects because the Dutch government has not taken action against the leader of the ultra rightist Freedom Party for abusing the Kingdom and Islam.

 

Gaza enjoys best honey harvest in a decade

Source : Reuters / 17 May 2014

Gaza beekeepers say they are enjoying their best harvest in more than a decade in a region where conflict and poverty has seen honey production slashed by more than half in recent years.

 

Hryvnia to be fully withdrawn from circulation in Crimea

Source : Voice of Russia / 13 May 2014

The hryvnia will be fully withdrawn from circulation in Crimea and Sevastopol as of June 1, 2014, Russian State Duma Speaker Sergei Naryshkin told reporters.

The State Duma will meet on May 14 to debate changes to the federal law on the integration of the Republic of Crimea and the city of Sevastopol as separate federal entities.

 

KSA smokers puff away SR3.3bn cigarettes in a year

Source : Arab news / 12 May 2014

Saudi Arabia imported cigarettes worth SR3.3 billion in 2012, equivalent to 20 percent of the value of imported pharmaceutical products, which stood at SR16.5 billion during the same year, local media said.

 

Saudi Arabia plans new pilgrimage airport at Taif

Source : Reuters / 09 May 2014

Saudi Arabia is planning to build a new international airport to serve pilgrims to Mecca in the nearby city of Taif, its General Authority for Civil Aviation (GACA) said on Thursday.

GACA is preparing a tender and will ask consortia of international and local companies to bid to develop the airport, and aims to award a contract in the first half of 2015, spokesman Khaled al-Khaibani said.

 
 

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