INTERNATIONAL. A recent electronic mail leaked by Egypt unveils US readiness to launch wide-scale military offensive against Syria if the Assad regime sticks to its policy towards Lebanon, Germany's DPA news agency reported.
DPA on Friday quoted reliable sources as saying "the e-mail leaked a few days ago by Egypt to Syria reveals that the US is ready to launch a wide-scale military offensive against Syria if [Damascus] holds onto its current position towards the Lebanese crisis."
"This is the main reason behind [the deployment of] the [USS Cole] destroyer off the Lebanese and Syrian co
LEBANON. With an investment of US$2.5 million offering the latest Harley-Davidson equipment, the outlet will provide bikers with new opportunities to engage in the sport.
INTERNATIONAL. Deloitte's new issue of the "Middle East Point of View" magazine provides insights into data protection, thought leadership in Islamic Finance, market efficiency in the Gulf, trends in GCC government services, and many other imminent topics.
LEBANON. Lebanon's energy minister said his country plans to outline its maritime sea borders and auction off rights to explore potential offshore natural gas reserves.
LEBANON. The measure represents a fresh opportunity for energy companies in a maritime region that Norway-based Petroleum Geo- Services, has described as "exciting."
EGYPT. EFG-Hermes will buy a stake in Lebanon's privately owned Credit Libanais for US$542 million as the leading Egyptian investment bank sets out to diversify its business.
LEBANON. Lebanon's parliament is likely to approve a law on offshore exploration as early as Tuesday. Large discoveries of gas off Israel's Mediterranean coast have sparked a debate between the neighbors over their respective rights to energy resources in the area.
INTERNATIONAL. While the discovery of the reserves could potentially mean a huge economic windfall for Israel and Lebanon, it could also spark a new war between them.
LEBANON. (UPDATE 1) Lebanese and Israeli troops traded fire Tuesday along their tense border with officials reporting three Lebanese soldiers and a journalist dead and several Israeli soldiers wounded.
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.
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