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Emerging Banks Challenge European

 

27.01.2013

The International Agency for Renewable Energy (IRENA) said that the financing of renewable energy is increasingly moving away from European investors and heading towards national banks in emerging markets, including specialized institutions in Islamic finance. Frank Waters, Deputy Director-General of IRENA, said in the World Summit on the Abu Dhabi Future Energy that the global financial crises in the past years have reduced the dominance of European banks and institutions ... More

 

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Greek Prime Minister To Visit Qatar

Gulf Countries - Jan 27 2013 04:10 AM

The Greek government said that Prime Minister Antonis Samaras will visit Qatar next week in a bid to attract investment to his country's ailing economy. Greece that was saved by foreign aids from bankruptcy is trying to attract foreign investment ... More

 

Saudi CP reassures king health amid death reports

Gulf Countries - Nov 27 2012 11:55 AM

Crown Prince Salman held on Monday reassured "everyone" about the health of King Abdullah of Saudi Arabia, who underwent in mid-November a back surgery. According to the SPA official news agency, the prince made these comments during the latest meeting ... More

 
 

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Saudis must reduce oil consumption

Gulf Countries - Nov 21 2012 14:08 PM

The demand for petroleum products has increased in Saudi Arabia this summer, reaching a new record. According to the data, the Saudis have consumed the equivalent of 2.54 million ... More

 

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Moody’s says UAE’s banking system outlook remains negative

Gulf Countries - Nov 7 2012 09:25 AM

The outlook for the banking system of the United Arab Emirates (UAE) remains negative, says Moody's Investors Service in a new Banking System Outlook published today. The main drivers of ... More

 

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Yemen LNG pipeline blown up

Gulf Countries - Oct 31 2012 14:22 PM

A new attack targeted last night a pipeline linking gas fields in eastern Yemen to a terminal on the Gulf of Aden (south), confirmed Wednesday the Yemen LNG company. In ... More

 

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Yosi Samra Expands: Opens First Store in the Middle East

Gulf Countries - Oct 14 2012 15:24 PM

Yosi Samra partners with Alireza Holding Co to open his first mono brand-concept boutique in the Red Sea Mall, Jeddah Saudi Arabia.   The store occupies one level and offers ... More

 

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Saudi Arabia assures oil markets

Gulf Countries - Oct 11 2012 09:08 AM

Saudi Oil Minister Ali al-Nuaimi reiterated earlier this week his country's commitment to meet the needs of the oil market. "We will provide the market with what it needs," said ... More

 

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Iraq oil exports to rise

Gulf Countries - Oct 2 2012 10:00 AM

Iraq expects exports of 2.9 million barrels per day (bpd) in 2013 and hopes to achieve by the end of 2012 a production of 3.4 million bpd, said ... More

 

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Saudi Arabia not to increase number of pilgrims

Gulf Countries - Sep 24 2012 07:47 AM

Now, it's official. Saudi Arabia has refused to increase quotas for the Hajj which will take place next month. Saudi newspapers have reported that the government had rejected the request ... More

 
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