Over SR2 billion is going to be invested in the creation of two private medical cities by the Doctor Sulaiman Al-Habib Medical Group. The first city will be situated in north Riyadh and will have 500 beds and will cost SR1.5 billion. The second medical city will cost SR 800 million and will be equipped…
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Officials in Dubai are disappointed that their city will not be the home to the first ‘rotating tower’ to be constructed in the world. Instead, the first “Dyanamic Tower” will be constructed in London, beginning soon. “We will announce the start of the construction in London in due time. Most probably within the year,” said…
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In order to have a chance at winning their bid to host the 2020 Olympics, Qatar is speeding up work on several infrastructure projects, including the Doha Metro project. Qatar Railways’ Deputy Chief Executive Geoff Mee, said that phase 1A of the Gulf state’s $40 billion rail network will be finished by 2019, right in…
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An agreement was signed last week between the real estate development company Dar Al Arkan and the investment and real estate development company Al Othaim. The agreement is a 15 year lease for a 10,963 square meter space in the Alqasr Mall which was developed by Dar Al Arkan in Riyadh City, Saudi Arabia. Al…
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With the expectation that a newer model of the iPhone 4S is about to come to market, the price of the 16GB top-of-the-line smartphone has been steadily declining. Price Going Down The Apple iPhone has experienced a 20 percent price drop just in the last week or so. The latest reduction was offered as a…
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Talks were held to discuss the possibility of the Sultanate of Oman supplying oil to Sri Lanka in case their oil flow is disrupted due to sanctions by the United States against Iran. The Ambassador of Sri Lanka to Oman, Asoaka Girihagama announced that discussions had been held between the Omani Minister of Oil and…
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The Amman offices of the World Health Organization of the United Nations, a four story office building known as the WHO building, is the first building in Jordan, as well as the region, to receive the coveted Gold Leadership in Energy and Environmental Design Certification V2.2. The building is situated in the business district of…
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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…
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The Arab National Bank of Saudi Arabia announced net profits for the fourth quarter of 2011 and the entire year, posting overall growth of 22 percent and 13.6 percent, respectively. The net profits for the fourth quarter of 2011 were SR 368 million. In 2010 profits totaled SR 301, which represents an increase of…
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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……
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