A Dubai-based manufacturer of water heaters working from solar power has given an interview the Gulfnews. According to him, such water heater can pay off in just 2 years. The heaters use solar power instead of electricity and do not pollute the environment. They can heat 400 liters of water per day up to 90C. In addition, such water heaters almost do not require any maintenance. In Dubai, t... Read more »

The government of Morocco has finalized a development plan for fishing sector, called Halieutis. The aim of the project is the raise the number of working places in the sector almost twice to 115,000 and to raise the export of sea products to 3 billion dollars per year by 2020. In addition, the fleet will be modernized and a special area, called Haliopolis, will be created. Haliopolis will cover 150 hecta... Read more »

In 2008 foreign investment in Lebanon rose by 32% to 3.6 billion dollars. Most foreign investment came from other Arab countries with Saudi Arabia topping the list with 63% out of all foreign investment in Lebanon. FDI was mostly directed to the real estate sector, the Middle East Online reports. Acco... Read more »

Maan Al Sanea forged the signature of Sheikh Suleiman Hamad Algosaibi on a loan application for forty million dollars. The sheikh himself couldn’t sign the document since at the time he was dying at a hospital – unconscious, under anaesthetics and respiratory ventilator. In addition, it is obvious that the signature was printed from a computer and traced with a felt-tip pen. Printer ink is clearly visible... Read more »

Egypt is threatening mobile phone operator in the country to place sanctions on them if they fail to cancel their promo offers after Ramadan. Major operators, Vodafone Egypt and Mobinil, lowered their prices per minute of calls down to one cent until the end of Ramadan, the Daily News Egypt<... Read more »

A recent opinion poll among managers of leading recruiting agencies in the UAE has shown a considerable fall in average salary in the country. During the first half of this year companies reduced salaries in an attempt to cut expenses, the Arabian Business reports. ... Read more »

The prime-minister of Jordan has arrived in Iraq to request an increase in oil supplies to the country. Currently Iraq exports about 18,000 barrels of oil per day to Jordan, and Jordan wants to double that amount. Previously, Iraq used to be the main exporter of oil into Jordan, but supplies stopped in 2003 after the invasion of US forces. In 2006 Iraq promised to start supplies but was unable due to wide... Read more »

Saudi Arabia is planning the creation of the country’s first nuclear power plant. The project is being developed by the King Abdulaziz City for Science and Technology located in Riyadh, the Arabian Business reports. Emirates Nuclear Energy Corporation, which is resp... Read more »

UAE and China have signed five agreements aimed at improving bilateral ties. The most significant is the deal between China National Petroleum Corp (CNPC) and, from the UAE side, Abu Dhabi National Oil Co (ADNOC). The deal envisages joint work on oil projects, including the construction project in Singapore where oil storage facilities will be built. A defense systems supplier from UAE has signed a cooperation ... Read more »

A new city in Qatar, Lusail, is being built. It will cover an area of 35 thousand square km, while the area of Beirut is only about 20 thousand square km. The city will be home to 455 thousand residents. It will be divided into 17 mixed-use districts, including a golf district, commercial districts, a business district, entertainment district, marina, resort islands, as well as residential areas with an interna... Read more »