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September, 29, 2016

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Business > Middle East
A consortium led by U.S. firm Noble Energy has approved a US$265-million project to sink a new well in a major natural gas field off Israel, officials said Sunday.
 
Dubai's transport authority announced Wednesday it had awarded a French-led consortium a US$2.88 billion contract to extend its metro network to the site of the Expo 2020 world trade fair.
 
Gulf stocks fall after EU referendum result
Stock markets in the energy-rich Gulf states dropped Sunday in the first trading session after Britain voted to leave the European Union.
 
Boeing sale in Iran involves 100 planes, billions of dollars
Boeing Co. is negotiating a deal to sell 100 airplanes to Iran, state-run media reported Sunday, a sale potentially worth billions that would mark the first major entry of an American company into the Islamic Republic after last year's nuclear deal.
 
In Israel desert, world's solar tower looks to future
In the middle of southern Israel's desert, engineers are hard at work building the world's tallest solar tower, reflecting the country's high hopes for renewable energy.
 
Turkey hopes soap opera can woo wealthy Arabs
He's not a trained actor, but Turkish businessman Serdar Ali Abet hopes his television debut -- and a mix of cliff-hangers, melodrama and lavish sets -- can win fans across the Arab world and help revive Turkey's moribund tourist industry.
 
Saudi Arabia said on Tuesday it plans to showcase the arts and grow its media industry to counter negative stereotypes of the kingdom, whose rights record is regularly criticized abroad.
 
Saudi cabinet okays economic diversification plan
The Saudi cabinet has approved a major plan to diversify the national economy away from oil and aiming to generate 450,000 non-government jobs by 2020.
 
Saudi officials have finalized a detailed plan to diversify the kingdom's economy away from oil and have sent it for cabinet approval, official media said on Monday.
 
Dubai office showcases 3-D printing's potential
There are office printers that spit out documents and others that always seem to jam. And then there those that make the office itself.
 
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