A huge initial public offering will be presented in May for a multi-billion dollar investment company which was begun by Qatar at the beginning of 2013. Shares will be on offer to individuals, local companies and institutions. At the beginning of the century Qatar launched three giant primary issues for its own citizens, businesses and…
Category Archives: News
Aspect Software Appoints Sanjay Gupta to Lead Asian and Middle East Efforts
In order to strengthen its reach to Asia and the Middle East, Aspect Software appointed Sanjay Gupta as managing director for India, Middle East and SAARC (South Asian Association for Regional Cooperation.) One of the world’s leading providers of customer contact and enterprise workforce optimization, Aspect would like to extend its reach more successfully into…
VAT Rate Changes from Israel Tax Authority: Gidi Bar Zakai
In recent news, starting on September 1, 2012, the Israeli Tax Authority with Deputy Director Gidi Bar Zakai has said that the standard V.A.T. rate will increase. It will move from its current 16% rate to 17%. Certainly, this rate change is significant for large purchases. In addition, the government will increase some income tax…
Boston Consulting Firm Expanding Operations in Middle East
The Boston Consulting Group, an international management consulting company, announced the appointment of two of its own Principals to Partners. The move is part of BCG’s continued expansion into the Middle East market. The new partners, Hermann Riedl and Dr. Alexander Türpitz, have years of experience in Technology, Telecommunications, Media and the Public Sector with…
Egypt Seeking $3.2 Billion in IMF Aid
Backtracking on their previous refusal of aid from the International Monetary Fund and the World Bank, Egypt requested $3.2 billion in loan money from the IMF on Monday. Egyptian officials decided that the money was essential to repair the Egyptian economy after a full year of political unrest which repelled tourists and investors alike. A…
Iran Enriching Uranium in Isolated Mountain Bunker
According to a spokeswoman for the International Atomic Energy Agency, it has been confirmed that Iran is now enriching uranium at a new location in a mountain bunker, a setting which is difficult to strike in an attack. “The IAEA can confirm that Iran has started the production of uranium enriched up to 20 percent……
UAE Introducing New Dh500 Paper Currency
The Central Bank of the United Arab Emirates announced that Abu Dhabi will soon be placing into circulation a new Dh500 banknote. The amended banknote will be reprinted with updated security features. New Banknote Will Be Circulated November 29 “This currency note will be put in circulation as legal tender along with currency notes currently…
Mike Grant Appointed Chief Restructuring Officer for the Al Jaber Group
The privately owned Al Jaber Group, and Abu Dhabi-based civil and electro-mechanical engineering contractor, announced the appointment of Mike Grant to be their new chief restructuring officer. Mike Grant will be leading the company’s latest move to further along their debt reorganization, according to spokesmen for the company. Grant is a veteran of restructuring at…
Emirates Airline Orders Fifty Boeing Jets in $18 Billion Deal
With options to buy an additional 20 777-300ERs, Emirates Airline has placed an order for 50 of the Boeing jets in a deal valued at an estimated $18 billion. The deal marked the opening of the Dubai Air Show Sunday, making an impression as the deal is described as the single largest order in the…
Giordano Middle East Expanding in Abu Dhabi
The Mushrif Shopping Mall in Abu Dhabi is soon to be home to the 200th shop of Giordano Middle East. The goal for Giordano, one of the world’s leading clothing retailers, is to operate 250 stores in the region by the year 2015. Giordano has had a presence in the Middle East for 18 years…
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Independent Middle East News
- Salam Fayyad Resigns April 11, 2013by Mahmoud Abu Ghosh Palestinian Authority Prime Minister Salam Fayyad has reportedly tendered his resignation, after intense criticism against him within the Western-backed Palestinian Authority. It is not yet clear whether PA President Mahmoud Abbas will accept Fayyad’s resignation at this time, although the two have been at odds on several issues. PA offi […]
- Jordan & PA Coordinating Takeover of Jerusalem April 1, 2013by Eitam Abadi Jordan’s King Abdullah II and Palestinian Authority President Mahmud Abbas signed an agreement on Sunday confirming their “common goal to defending” Jerusalem and their opposition to efforts to “Judaize” Israel’s ancient capital city. PA Religious Affairs Minister Mahmoud al-Habash said the agreement confirmed Jordan’s role as protector of the […]
- Palestinian Sentenced to 6 Months for Facebook ‘Like’ March 30, 2013by Mahmoud Abu Ghosh A Palestinian man who clicked “Like” on a Facebook status criticizing a high ranking official of the Western-backed Palestinian Authority has been sentenced to six months in a PA prison facility. Anas Ismail, 29, of Salfit, near Nablus, was found guilty of “libel and slander.” Ismail said that the PA’s American-trained […]
- PA Sentences Journalist to Year in Prison March 28, 2013by Mahmoud Abu Ghosh Palestinian journalist Mamdouh Hamamreh from Bethlehem was sentenced on Thursday to one year in prison for “insulting” Palestinian Authority President Mahmoud Abbas on Facebook. He is the second Palestinian to receive this sentence on the same charges since the beginning of 2013. In early February, 26-year-old Anas Awwad from the village […]
- US Arming Syrian Rebels Through Regional Proxies March 26, 2013by Mahmoud Abu Ghosh Western-backed governments in the Middle East have dramatically increased military aid to the Free Syrian Army in recent months, the New York Times reported on Monday. America’s Central Intelligence Agency has been aiding these efforts, the newspaper added, citing air traffic data and interviews with unnamed officials as well as commande […]
- Salam Fayyad Resigns April 11, 2013