The grid has been working since 2009 with trading touching the equivalent of 800,000 mega watts (MW) hour of energy annually.
The project would not only mark a huge expansion of Arabtec’s business but also boost Egypt’s struggling economy and help to resolve a housing shortage.
Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.
Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.
International aid agencies are relying increasingly on local organisations to get access to communities in need both in Syria and Iraq.
MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.
The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.
One U.S. official told Reuters that such refineries could produce about $2 million a day in oil revenue.
The deal for two million barrels a month of Kuwaiti crude was signed with the Arab Petroleum Pipeline Co.
The issue, arranged solely by HSBC, priced at a coupon of 2.75 per cent, with a reoffer price of 99.824.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
Obama said the strength of the coalition that took part in Tuesday’s air campaign shows the fight against such militants is not America’s alone.
A White House official, speaking on background, said Obama will address the latest strategy to counter Islamic State in Syria.
The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.
The Kurdistan Workers Party renewed a call for the youth of Turkey’s mostly Kurdish southeast to rise up and rush to save the frontier town of Kobani.
Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.
The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.
Military experts say the Syrian army looks set to remain the strongest player in a war that has killed more than 191,000 people.
Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
Dubai carrier ponders regular double-decker services to Iranian capital
Improving asset quality and falling credit losses have offset the downside of lower net interest margins, Standard & Poor said in a report.
The Suez Canal project includes the development of 76,000 sq km around the canal into an international industrial and logistics hub.
The posting on the Minbar Jihadi Media website condemned “intervention in the affairs of other peoples” and said it would trigger an equal response, SITE said.
Official media said the 75-year-old Iranian leader was in good health.
Business confidence has grown in the UAE with more than 45 per cent of the respondents expecting the Expo win to have a positive impact on their growth plans.
US officials declined to identify which Arab countries made the offers in joining the emerging coalition against the jihadists.
Libyan Prime Minister Abdullah al-Thinni said that he will consider breaking off relations with Qatar if it continued to interfere in Libya’s internal affairs.
A 600-strong force will be deployed to the UAE and be based at a U.S. headquarters, Prime Minister Tony Abbott said.
Sisi said any international coalition to combat terrorism “should be comprehensive and not exclusively target a specific organisation or eradicate a certain terrorist hotspot”.
Haines, a 44-year-old father of two from Perth, Scotland, was kidnapped last year while working for the French agency ACTED.