November 19, 2012
Egyptian stocks fell in the week's first trading day following a three-day weekend, pulled down by Israel's ongoing assault on the next-door Gaza Strip and a massive road/rail accident in Upper Egypt.
Arab governments cannot afford to forgo deepening economic cooperation and should accelerate efforts to restabilize the region, top bankers and officials said over the weekend at the closing of the Annual Arab Banking Conference in Beirut.
Dr. Muhammad Al-Muqairef, president of the Libyan National Conference, has expressed his country’s desire to strengthen economic and commercial cooperation with Saudi Arabia.
Diesel and gas power stations throughout Saudi Arabia will gradually be replaced by nuclear generators over the next decade as the country develops greener sources of energy, it has been announced.
November 18, 2012
Apple CEO Tim Cook has been named the most powerful person in wireless for 2012.
Passengers at Rafik Hariri Beirut Airport increased more than 6 percent in first 10 months of 2012 in spite of a decline in the number of flights and transit passengers, a report by the Lebanese Civil Aviation Authority said.
The Egyptian government has negotiated with Algerian petroleum company SONATRACH to increase its butane gas imports from the country to one million tonnes per year, state-run daily Al-Ahram reported on Thursday.
Food prices in Egypt are on the rise, the Information and Decision Support Centre (IDSC) has announced with 43 per cent of households reporting that they have had to resort further employment to meet the increased.
Qatar Airways has neither immediate plans to launch a budget airline to compete with Dubai's expanding low-cost carrier flyDubai nor any move to float an initial public offering, said a report citing its chief executive.
The Saudi arm of Barclays bank has denied allegations that it made "illegal payments" to win banking licenses in Saudi Arabia, after reports surfaced last week that the US authorities were investigating such claims.
Iran granted Lebanon a $40 million cash donation Friday to finance the construction of a water dam in Batroun.
The series of attacks Bahrain has been witnessing in the past three days is clearly an attempt to target economy, said a lawmaker.
After several days of protest across Jordan in response to the increase in the cost of fuel and gas by the government, food prices are expected to remain stable, but there in could increase in the medium to long term.
Oman will issue five-year government development bonds worth OR100m ($260m) at an annual interest rate of 3.25 percent, a statement from the central bank of Oman said on Saturday.
November 15, 2012
nian Energy Minister Majid Namjoo arrived Thursday in Beirut to discuss previously signed cooperation agreements between Lebanon and Iran.