Main headlines

April 10, 2012

Gasoline prices soared to record levels last week with 98- and 95-octane graded fuel both rising by LL700
12:08 GMT

Lebanon’s public transportation unions said Monday they would proceed with a strike scheduled for April 19.

The IMF says the cash is dependent on broad political backing for the plan
11:21 GMT

Khairat Al Shater, who is in the running for the Muslim Brotherhood's Freedom and Justice Party, signal the struggle that negotiators face to win political support for the funding bid.

Workers' demands are still excessive and the company is still looking into them
08:02 GMT

The number of striking workers increased to more than 2,000 on Monday from around 1,300 a day earlier.

April 9, 2012

Jordan, Syria, Iraq and Sudan also featured in the ranking with one billionaire each
12:21 GMT

The Kingdom of Saudi Arabia and Lebanon record the highest number of billionaires, Prince Alwaleed Bin Talal Alsaud tops the Arab billionaires list with a fortune of US$18 billion.

Members discussed the EU’s persistence in applying its ETS programme despite objections
09:23 GMT

Arab Air Carriers Organisation organised a meeting to discuss the implementation of European Union Emission Trading Scheme on airlines using EU airspace.

Employees are demanding salary increases, cost of living raises, hazard pay and improved health insurance coverage
08:20 GMT

Jordanian Electric Power Company workers began an open-ended strike on Sunday, demanding improved living conditions.

April 8, 2012

In the first half of 2011 Dubai traded $25.3bn, a 55 percent increase from the same period a year earlier
10:35 GMT

The United Arab Emirates is rapidly becoming a force in trade of another highly valuable commodity, diamonds.

April 5, 2012

Gaza has been in the grip of a severe power crisis with its sole electricity plant unable to function
09:59 GMT

Fuel began arriving in Gaza on Wednesday as per a new deal between the territory's Hamas government and the Palestinian Authority in the West Bank.

April 4, 2012

Theses increases will feel more significant in the UAE and Bahrain, where inflation is currently running at a lower rate
13:43 GMT

Organisations in the United Arab Emirates plan to increase employee salaries nearly three per cent above inflation in 2012.

Libya's 1.6 million barrels per day (bdp) of exports were halted as civil war broke out in February last year
12:16 GMT

Post-war Libya is likely to struggle to maintain oil production levels and boost pumping capacity.

Bahrain's government was already taking risks despite the international financial crisis in response to fresh demands for new projects
10:28 GMT

Bahrain's budget deficit has increased up to five-fold in the last 10 years, a senior government official said.

Both Abu Dhabi and Dubai plan to balance their fiscal budgets accounts in the medium term
08:25 GMT

Public sector spending and lending in the UAE will drop by US$5.6 billion (Dh20.57bn) this year, projects the IMF.

Employees were demanding that the company raise their basic salaries and cover healthcare insurance
07:28 GMT

Employees of the Central Electricity Generating Company (CEGCO) started an open-ended strike on Tuesday in an effort to secure increases in their salaries and benefits.

April 3, 2012

Korea Electric Power is keen to build on its success after it headed a consortium that won a $20.4 billion contract in 2009
12:42 GMT

Korea Electric Power Corporation will hold detailed discussions with United Arab Emirates about building four more nuclear reactors.

Networks require different hardware, meaning that Apple had to develop a separate device for each network
11:02 GMT

iPad problem is caused by the fact that 4G technology, unlike 2G and 3G, does not work on a standardized frequency band.