Main headlines
April 25, 2013
Qatar has predicted it will need half a million extra workers for upcoming development projects, including the World Cup
The UAE's GDP will grow by four per cent by the end of this year, according to the country's Ministry of Economy.
Egypt is still in negotiations over a $3 billion loan from Qatar, with an interest rate of around 5 percent currently being discussed.
Saudi-owned projects worth 5 billion riyals ($1.3bn) have stalled in Egypt, with at least 20 projects pending, a senior minister has said.
The vast majority of Syrian refugees in Jordans northern city of Mafraq , are working illegally, according to the region's labour department.
Vodafone Egypt is currently facing a challenge in obtaining foreign currency in Egypt to purchase network equipment, Vodafone’s Local Chief Executive Hatem Dowidar reported to the media.
Jordanians seem to be seeking a safe haven as their gold purchases this month were the strongest in 10 years with demand still surging.
April 24, 2013
Iran is currently negotiating with members of the Organization of Petroleum Exporting Countries to maintain oil prices around $100 in international markets.
Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal will be ready for implementation by the end of May, predicted regional IMF representative Abdel Shakour Shaalan.
Bahrain academic staff have been granted substantial pay rises
A supply glut driven by increased crude output from the US, Canada and Iraq and demand loss from the US is expected to sharply drive down oil prices in the coming years, an expert predicted.
The European Union Tuesday contributed €1.6 million ($2.0 million) to the tenth payment under the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG) program, said an EU press release.
Following a major blackout in the Jordanian capital Amman, all internet services have been restored, according to the Jordan Telecom group.
The Egyptian pound, under severe pressure for months, hit a new against the dollar on Tuesday.
US-based tech giant Apple has reported its first quarterly drop in profits in a decade.
