The United States has imposed sanctions on a network of five Islamic State financial facilitators working across Turkey, Syria and Indonesia, in support of members of the extremist jihadist group in Syria. In a statement the U.S. Treasury Department has… Read More ›
Syria
Hezbollah procured diesel tankers moving from Iran to Lebanon
In a report, pro-Iranian Lebanese TV channel Al Mayadeen said, Hezbollah has arranged for a convoy of diesel tankers from Iran, which has crossed the Syrian border and is moving towards Lebanon. Hezbollah, a UN designated terrorist organisation said, the… Read More ›
Tehran must resume complying with the Iran nuclear deal before Washington: U.S. Secretary of State Antony Blinken
U.S. Secretary of State Antony Blinken on Wednesday stuck to his stance that Tehran must resume complying with the Iran nuclear deal before Washington, which abandoned the pact under former President Donald Trump, would do so. Making his first public… Read More ›
Explosion at Arab gas pipeline causes total blackout in Syria: SANA
On Monday, Syria’s state news agency (SANA) reported, an explosion on the Arab gas pipeline has caused a total blackout in Syria. The explosion occurred between the Ad Dumayr and Adra areas in Syria. In a statement, Syrian oil minister… Read More ›
Siemens eyes reconstruction projects in Middle East, asks Trump for equal treatment
On Thursday, Joe Kaeser, Siemens’ Chief Executive disclosed, he perceived a more positive mood among his client. “They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,” said… Read More ›
Bulgaria readu to double subsidies for Volkswagen’s new auto plant : Bulgarian Automotive Cluster
Romania has also initiated talks to lobby for the investment. Turkey’s military offensive in Syria is taking a toll on its economy: Bulgaria said, it is ready to offer more incentives to Volkswagen for it to build a new plant… Read More ›
China State Engineering Corp eyeing reconstruction market in Iraq and Syria
China State Engineering Corp is eyeing all kinds of contracts including, civil construction, road building, groundworks, oilfields pipeline work. An executive from China State Engineering Corp stated, it is eyeing more opportunities for oil projects in Iraq, Saudi Arabia and… Read More ›
Siemens well placed to win majority of contracts for rebuilding Iraq’s power infrastructure
Since the defeat of ISIS in Syria in March, Iraq has become an investment opportunity for countries, including Saudi Arabia and the United States, as they seek to counter Iran’s growing influence in the region. At a joint press conference… Read More ›
HSBC’s internal investigation uncovers Huawei’s financial ties to Iran and Syria
This is the first time HSBC’s internal probe has been made publicly available. As per an internal probe by HSBC Holdings PLC into Huawei Technologies’ dealings with a suspected front company in Iran found that China’s Huawei maintained close financial… Read More ›
European Commission adds Saudi Arabia to dirty-money blacklist
Britain has opposed Saudi Arabia’s inclusion in the list because of it probably bad for business, especially for the City of London. In a significant development, the European Commission has added a host of countries including Saudi Arabia, Nigeria, Panama,… Read More ›