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AB Maritime to launch Basra-Dubai line – Al Souob

By Rehab Saber Arab Bridge Maritime (AB Maritime ) plans to launch a maritime line joining Basra in southern Iraq and the UAE by hiring two passenger ferries with an initial cost of $2m annually, AB Managing Director Hussien Al Souob said. AB Maritime intends to buy the two ferries if the new line proves …

Daily News Egypt

Israel open to joint missile defence with Jordan, Egypt

Reuters- The two Arab countries that have full peace treaties with the Jewish state share some of its concern regarding the disputed nuclear programme of Iran and the civil war wracking Syria – both states with long-range missile arsenals. Jordan’s Red Sea port of Aqaba is also under threat from short-range rockets fired by Islamist …

Daily News Egypt

Jordan’s drug-maker Hikma estimates 23% full-year revenue growth

Reuters – Jordan’s Hikma Pharmaceuticals Plc said it expects a 23% growth in full-year revenue, up from its prior forecast of about 20%, benefiting from a strong performance in its injectables and generics businesses towards the end of 2013. The London-listed company, which has grown over the past year on the back of a shortage …

Daily News Egypt