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Arab countries breakup diplomatic relations with Qatar

By: Yasmin Fouda Stocks in Qatar slumped to their lowest in more than a year on Monday after Egypt, Saudi Arabia, UAE, Bahrain, Yemen and Libya have broken off diplomatic relations with Qatar on Monday. Qatar’s benchmark stock exchange plunged as much as 8% on Monday, Energy stocks were particularly hard hit, with Qatar …

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Iran welcomes stability in the Middle East

Iranian President Hassan Rouhani said on Monday stability could not be achieved in the Middle East without Tehran’s help. “Who can say regional stability can be restored without Iran? Who can say the region will experience total stability without Iran?” he said at a news conference on Monday. Rouhani stated that Iran …

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Sheikh Mohammed launches Dubai’s new $1.7bn mega-project

Dubai Ruler Sheikh Mohammed has announced the launch of Marsa Al Arab, Dubai Holding’s latest tourist destination development in the emirate. The $1.7 billion (AED 6.3bn) mega-project, spread across 4 million sq. ft, will be developed on new two islands on both sides of Burj Al Arab Jumeirah. Marsa (Arabic …

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130 nations head to the “Belt and Road Forum”

By: Hania Elkady The belt and Road Forum for International Cooperation was held on May 14-15 in the capital city of China. According to CGTN twenty-nine heads of states participated in the “Belt and road” initiative, along with 1,500 delegates from over 130 nations. China is currently constructing the world’s …

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Saudi Arabia to launch biggest goldmine Monday

Saudi Prince Khalid al-Faisal Al Saud, the Governor of Makkah, will officially inaugurate on Monday Al Dawaihi goldmine and factory, the biggest gold mine in Saudi Arabia. The gold mine is owned by the Saudi Arabian Mining Company (Maaden) and will be joining other operating gold mines owned by the …

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