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Middle East

China launches new Iran train route
Russia says it is possible to discuss Iran deal’s future without U.S.
Iraq, BP sign Kirkuk oilfield development contract
Russia to electrify Iran Northern Railroad project
Air France to scale down its Iran business
Abu Dhabi’s Mubadala and MIP to sell 50 percent stake in Abu Dhabi Terminals
Emirates’ DP World handles 17.6 million TEUs in first quarter 2018
Oil, gold to gain on Syrian strikes

Oil, gold to gain on Syrian strikes

London - Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on Syria but equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates

Iran’s supreme leader says Western attack on Syria a crime
New Saudi-Spanish shipbuilding contract
OMV in $1.5bn deal to buy 20pc Abu Dhabi oilfield stake
Turkey condemns U.S. sentence sought for banker
Bahrain’s $119m waterfront project on fast track
USA to sell $1 billion arms to Saudi Arabia
Azerbaijan Republic to invest $60mn in Astara freight station project
DP World 30-year concession for greenfield port of Banana
Fincantieri reveals specifications for Qatar’s warships
UAE-Saudi train to launch by end of 2021
Dp World acquires Peru company for $316M
Senior Israel Shipyards firm official suspected of bribery
Yard construction in Saudi Arabia begins on Hyundai’s joint venture
Leonardo puts 2017 behind it with Profumo’s new mega deal
Djibouti says its container port to remain in state hands
Somalia bans DP World

Somalia bans DP World

Dubai - Somalia has banned Dubai ports operator DP World from operating in Somalia,saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void

Jordan, Ghana discuss economic cooperation

Jordan, Ghana discuss economic cooperation

Amman - Jordan Chamber of Commerce First Vice President Ghassan Khirfan,on Monday discussed with Ghana’s non-resident ambassador to the Kingdom, Sheikh Taher Bimbali Damba, ways to boost economic cooperation between the two countries and to establish joint investments

Leisure boating, growth in exports to the UAE

Leisure boating, growth in exports to the UAE

Genoa - The Italian leisure craft sector is enjoying success in Dubai at the Dubai Boat Show a key trade fair for the Middle East market. Brands such as Amare Group, Azimut-Benetti, Baglietto, Ferretti Group, Fincantieri Yachts, Maori Yacht, Navaltecnosud and Veco were all present

Costa Venezia heads towards the East with its first cruise
Iran, Madrid confer on expanding industrial cooperation
Piaggio drones: go-ahead from Italian Treasury

Piaggio drones: go-ahead from Italian Treasury

Genova - As required by the Military Procurement Code, Italy’s Economy Ministry (MEF) has sent Parliament, for its consideration, a draft ministerial decree for the “approval of a multi-year programme for the acquisition of Medium Altitude Long Endurance remotely piloted aircrafts.”

World Bank’s IFC calls for investment in Iraq reconstruction
Lebanon inks its first offshore leases

Lebanon inks its first offshore leases

Beirut - On Friday,Lebanon moved forward with its first offshore exploration lease by celebrating a contract signing with Total, Eni and Novatek. Israel vigorously protested the news, which will allow the foreign consortium to explore reserves in Lebanon’s Block 9

UAE mulls investment in Indian equipment

UAE mulls investment in Indian equipment

Dubai - The UAE is exploring investments in defence equipment manufactured in India, the country’s defence minister Nirmala Sitharaman said last week. Speaking to journalists in New Delhi, she said the relationship between the two countries has developed from a commercial one to a strategic partnership in critical areas

Turkey’s largest airport will open in October
Abandoned seafarers in UAE “a scourge that has to stop”
Shipyards: Croatia offers cooperation to Israel
Iraq, Orion sign deal to process gas from giant oilfield
DP World invested US $1-billion in 2017

DP World invested US $1-billion in 2017

Dubai - Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017 which included over US $1 billion in capital expenditure year to date

Germans to build 5th solar power plant in Hamedan
Ten killed in Iran protests and security forces repulse attacks
Saudi Aramco shipyard JV appoints CEO

Saudi Aramco shipyard JV appoints CEO

Dubai - Saudi Aramco and its partners have appointed Fathi K. Al-Saleemas chief executive of a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil

Bombardier wins an order from EgyptAir

Bombardier wins an order from EgyptAir

Montreal - Canadian aircraft manufacturer Bombardier on Friday announced the sale of 12 C Series aircraft to EgyptAir in a deal worth US$1.1 billion. The company said it signed a letter of intent last month for the sale of the 160-seat CS300 planes, with an option for another 12

Iraq invites bids to build new oil export pipeline

Iraq invites bids to build new oil export pipeline

Baghdad - Iraq has given foreign energy companies a month to signal their interestin building a new export pipeline from the Kirkuk oilfields in the north of the country. The new pipeline will replace an old and severely damaged section of the Kirkuk-Ceyhan pipeline

Milaha Shipyard repairs over 7,000 vessels

Milaha Shipyard repairs over 7,000 vessels

Doha - Milaha Shipyard has emerged as one of the leading shipyards in the region.The Shipyard has serviced and repaired over 7,000 vessels of various types so far, showing Qatar’s growing role in global maritime sector. The Shipyard is one of the oldest and most active in the region

Iran’s railroad transit up by 61%

Iran’s railroad transit up by 61%

Tehran - Head of the Islamic Republic of Iran Railway Company for Operation Affairs recalled that capacity of rail transport industry in Iran had plunged by 28 per cent during 2014-2015 mainly due to excessive bureaucracy and lack of profit-seeking visions.

Iran’s Saipa exported $1.2 billion in cars
“Russian energy minister did not discuss operations in Kurdistan with Iraqi officials”
DP World increases stake in Embraport

DP World increases stake in Embraport

Dubai - DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos

Saudi-led coalition allows first aid ship into Yemen’s Hodeidah port
Over 4,700 ‘active’ construction projects in Saudi Arabia
Quake magnitude 5.0 strikes southwest Turkey