October 31, 2012
As the rating agencies 'Fitch' talks up the possibility to downgrading the country's 'AA' rating, and protests are banned, inflation is starting to creep up, in a potentially worrying sign for the government.
The US company Lockheed Martin has won a $26 million military sales contract from the US Air Force to modernise the Royal Jordanian Air Force's national air command, control and communications infrastructure.
The UAE Cabinet yesterday approved a Dh44.6 billion ($12.1 billion) balanced federal budget for 2013, a 6.69 per cent increase over the Dh41.4 billion 2012 budget approved in November last year.
In a welcome relief for consumers in Lebanon, gasoline prices have dropped.
Agriculture Minister Hussein Hajj Hasan said Monday that he has asked the Cabinet to purchase 100,000 20-liter olive oil canisters as local produce increased to 2 million canisters.
October 30, 2012
Egypt's largest gold producer Centamin PLC is being ordered to halt operations at the country's Sukari gold mine after an Egyptian administrative court cancelled its contract with the government.
The United Arab Emirates has topped a list of 15 nations set to make the biggest impact on the global economic, political and cultural scene in years to come, according to a global brand and design consultancy.
It has been confirmed that senior executives are leaving Apple in changes designed to “make it easier to deliver the best technology and user experience innovations to both platforms.”
Lebanon's industry Minister, Vreij Sabounjian, has called on the March 14 alliance to ensure that their political boycott does not harm the country’s economy as concerns grow over the economy in the wake of the Achrafieh bombing.
After much consideration, the route for the long-awaited high-speed rail link between Abu Dhabi and Dubai has been decided.
The United States is the source of cyber terrorism, Iran’s defense minister said, according to reports by a local daily newspaper.
Majority of shares climb into the green in the opening hours of Monday's session, after last weeks dips due to Eid al Adha.
The MENA region needs around $250 billion in electricity investments during the next five years as demand is growing exponentially, according to a report released Monday.
Ports operator DP World on Sunday said that the expansion of Jebel Ali Port’s Terminal 2, which includes the brand new $850 million Terminal 3, has passed the halfway mark.
Tourism chiefs may want more hotels for the UAE - but figures released on Sunday showed hotel occupancy, average daily rates and revenues all dipped in September compared to the same month in 2011