The government of Blue Nile State and the Federal Ministry of Mining signed a Memorandum of Understanding (MOU) in the field of mining. Federal Minister of Mining Kamal Abdellatif signed for the Ministry and the Governor of the State Major General Elhadi Bushra Hassan signed for Blue Nile State.

The (MOU) identified the commitments of the Ministry on providing the regional office and the offices of the Ministry with adequate number of geologists and technicians to push forward the mining activity in the state.

Also the Ministry has to identify the areas and spaces where mining...

Vice President of Republic, Dr. Al-Haj Adam, is due to lead a high-level delegation of ministers and businessmen to Doha on today to participate in the 12th session of Doha Forum and Conference for Enriching the Middle East's Economic Future, scheduled to begin in Doha on Sunday, with participation of more than 610 personalities representing around 84 countries and organizations.

Sheikh Hamad bin Khalifa Al Thani, the Emir of the State of Qatar, would give the conference's welcome speech in the presence of Sheikh Hamad bin Jassim bin Jaber Al Thani, and heads of participating delegations....

South Sudan’s decision to pursue oil-backed financing in the wake of a looming economic crisis faces real transparency tests, if details of any loan agreements secured are not publicly declared to the country’s citizens, Global Witness said in its latest report.

There have been several reports over the last week of the Government of South
Sudan securing loans, ranging from $100-500 million, to mitigate the impacts of the current economic crisis and finance specific infrastructure projects.

Global Witness argues, the exact terms of these deals have not been published...

Fitch Ratings has affirmed National Bank of Kuwait (International) plc's (NBKI) Long-term Issuer Default Rating (IDR) at 'AA-'. The Outlook is Stable. A full list of rating actions is at the end of this comment. NBKI is the London-based subsidiary of National Bank of Kuwait (SAK) (NBK; 'AA-'/'Stable). NBKI's ratings reflect expected support from its parent, if needed.

Fitch's expectation of support is based on NBKI's close integration with its parent, both from a business and a risk management perspective. It represents the"...

The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, reviewed its ongoing programmes at a key meeting.

At its 16th board of trustees meeting, the fund expressed its satisfaction that training was being delivered to Islamic banking professionals and Sharia resources at Islamic banks under the Graduate Sponsorship Programme, Sharia Reviewer Development Programme and Advanced Diploma in Islamic Commercial Jurisprudence Programme.

The board decided to strengthen the Islamic finance resources at a major library in Bahrain in order to...

Jaidah Automotive has announced the launch of the all-new Chevrolet Malibu in Qatar, marking the arrival of the eighth generation of one of the brand’s most popular models.
More than 8.5mn Malibus have been produced since its debut in 1964, and the new model features a variety of improvements in its latest incarnation.

Mohamed Jaidah, chief development officer of Jaidah Group, described the new car as the “latest, most technologically-advanced and improved version” of an extremely popular model.

He said: “The 2013 Malibu provides customers with expressive...

In the recently concluded Comex IT, Telecom and Technology Show, Sarco the distributor of Samsung offered customers an amazing array of attractive bundled offers and unbeatable special discounts on their range of products.

Commenting on the tremendous turnout registered at the Samsung stall, an upbeat Ajay Ganti, CEO of Sarco said: “Comex has always been a great platform for us to introduce and familiarise our valuable customers to Samsung’s impressive and state-of-the-art product ranges. This year’s Comex was no different, except that the customer response to our stall...

Under the deal, effective since Tuesday 15 May, Etihad Airways has placed its two-letter 'EY' code on the four weekly services which Safi Airways has operated between Abu Dhabi and the Afghan capital, Kabul, since February 2012.

The new agreement will also give air travellers in Afghanistan greater and easier access to the Abu Dhabi-based airline's network of 86 destinations.

Etihad Airways Chief Commercial Officer, Peter Baumgartner, said: "Etihad continues to expand its codeshare partnership across the world in line with its strategic network development plans. We were looking...

EDITOR’S NOTE: The following statement can be attributed to Robert D. Hansen, president and CEO, Dow Corning Corporation & Andrew E. Tometich, president, Hemlock Semiconductor Group.

Dow Corning Corporation and the Hemlock Semiconductor Group understand that the U.S. Department"......

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, today presented its vision for agriculture in Africa at the G8 Summit in Washington, D.C. “Our mission is to provide comprehensive agricultural solutions for African farmers,” said Martin Richenhagen, Chairman, President and CEO of AGCO. “Africa offers tremendous growth opportunities in the agricultural equipment sector and AGCO is committed to growing its presence within Africa by investing in"...