middle east news

Saudi Arabia to purchase more Boeing F-15 fighters

The Kingdom of Saudi Arabia is to purchase 84 new Boeing F-15 fighter aircraft from the US government and upgrade 70 of its existing F-15s.

Intelex starts global expansion with UK office

Canadian business software company Intelex is to open its first overseas office in the United Kingdom.

Iran and Russia sign deal on oil field

Iran’s Petroleum Engineering and Development Company has signed a deal with Russia’s Tatneft to develop the dormant Zagheh heavy oil field in Iran.

Afghanistan launches mineral tenders

The government of Afghanistan has launched tenders for the exploration and exploitation of four project areas containing gold and copper deposits.

Shell signs Iraqi JV agreement

The Iraqi Ministry of Oil has signed a joint venture agreement with Shell, the South Gas Company and Mitsubishi Corporation on an initiative to capture natural gas in southern I

Qatar Airways places Airbus order

Qatar Airways has placed an order with European aircraft manufacturer Airbus for 88 narrow and wide body aircraft at the Dubai Air Show.

Boeing announces record $18 billion order

Boeing has announced an order from the Dubai-based Emirates Airline for 50 Boeing 777-300ERs (extended range) plus options for an additional 20 of the popular twin-aisle commerc

RKW opens new plant in Egypt

German manufacturing group RKW has started production at its first plant in Egypt, it has been announced.

Saudi Arabia awards high-speed rail contract

ِSaudi Railways Organisation has awarded the contract for the second phase of its Haramain High Speed Rail Project to the Spanish consortium Al-Shoula.

Dragon to acquire Tunisian assets

Dubai-based Dragon Oil has announced the signing of a deal through which it will earn a 55 per cent interest in the Bargou Exploration Permit offshore Tunisia.

New UK port to open in 2013

Dubai-based port operator DP World has announced that London Gateway, the UK’s newest port, is due to open in the fourth quarter of 2013.

Vallares to gain Iraqi oil fields in £2.5 billion deal

UK investment vehicle Vallares, headed by the former CEO of BP Tony Hayward, is to merge with Turkey’s Genel Energy in a £2.5 billion deal.

Frutarom buys Aromco for £15 million

Israeli food flavourings company Frutarom Industries has acquired UK-based Aromco for £15 million, it has been announced.

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