Saudi Arabia offers new desalination projects to private investors

Saudi Arabia has offered new desalination projects worth SR36 billion (nearly US$10 billion) to private investors.

MTC Atheer launched mobile phone services in Baghdad

MTC Atheer announced the launch of its services into the heart of Iraq, the capital Baghdad.

IFC to advise Riyad Bank on developing SME banking operations

The International Finance Corporation, the private sector arm of the World Bank Group, on Monday signed a memorandum of understanding with Riyad Bank (RB), one of the largest banks in the Kingdom of Saudi Arabia, whereby IFC will advise to the bank on developing its Small and Medium Enterprise (SME) banking operations.

Iran to supply Kuwait with 10 million cubic meters of gas per day

Iran will supply Kuwait with 10 million cubic meters of gas per day after completing the construction of gas pipeline, stated Kuwait's Oil Minister Shaikh Ahmad al-Fahad al-Sabah Wednesday.

US$39 million from the World Bank to support irrigated agriculture in Mauritania

The World Bank Board of Executive Directors has recently approved an International Development Association (IDA) credit of US$39 million for the second phase of the on-going Integrated Development Program for Irrigated Agriculture in Mauritania.

India's Tata Chemicals to invest US$ 38 million in Morocco JV

India's Tata Chemicals Limited has approved the entry of the Company, as an equal partner into Indo Maroc Phosphore S.A. (IMACID), Morocco, which is engaged in the production of phosphoric acid.

More details on RAK Properties IPO

Saudi Arabian Airlines to boost fleet for domestic flights

Saudi Arabian Airlines said it intends to purchase 15 new medium sized aircraft with a capacity of between 50 and 100 passengers for use on domestic flights.

Expert: International hotel brands will continue to lead in Arabia

The familiarity of international hotel brands will continue to prove a major consideration of tourists travelling to Arabia, despite the increasing number of brands originating in the GCC, according to a senior hospitality figure.