October 23, 2012
Oman, the biggest Arab oil producer that isn't a member of the Organisation of Petroleum Exporting Countries (Opec), is pumping an average of 915,000 barrels a day of crude in 2012, the Oil Minister has confirmed.
Iraq plans to spend up to $1.6 billion on solar and wind power stations over the next three years to add 400 megawatts (MW) to the national grid to help curb daily blackouts, an official from the ministry of electricity said.
Rising expatriates’ remittances have pushed up sharply the demand for the Jordanian dinar in recent weeks, according to the top representative of moneychangers.
The governors of Organisation of Petroleum Exporting Countries (Opec) have gathered in Vienna to select a new secretary-general for the first time in six years, with four countries vying for the position.
Egypt stocks slowed on Monday as trading levels continue to be affected by the holiday season, with Eid El-Adha and the Pilgrimage to Mecca, Islam's biggest annual events set to start at the end of this week.
An Iranian opposition group has claimed that an official in the country defied United Nations sanctions to build an international money laundering network that funds black market equipment purchases by the regime.
October 22, 2012
Iran halted gas exports to Turkey after a blast damaged the pipeline in the Turkish territories, authorities announced on Monday.
Lebanon’s leading private sector alliance called on Prime Minister Najib Mikati over the weekend to step down, as hotels in the capital reported cancellations following Friday’s killing of Intelligence Chief Wissam al-Hasan.
Mohammed Obeid Al Mazrouei, Chairman UAE official Hajj mission, has inspected the housing complexes where Emirati's will stay during the pilgrimage, to ensure that they are of the necessary quality to perform the rituals.
The Greater Amman Municipality will allow vendors at Abdali’s Friday market to display their goods on Wednesday and Thursday this week in anticipation of Eid Al Adha, a Greater Amman Municipality has announced
Foreign Direct Investments in Lebanon plummeted 84 percent year on year to $96.5 million in the first half of 2012, in a worrying sign for the country, which is reeling from the recent bomb attack, as fears grow over the continued viability for the economy.
Gaza is gearing up for the first visit by an Arab head of state since the Palestinian Islamist group Hamas took over the territory in 2007. Qatar's Emir Shaikh Hamad Bin Khalifa Al Thani is expected on Monday, and his visit comes after Qatar's pledged to rebuild Gaza.
The Egyptian government is currently in the final phase of drafting the economic reform programme that it needs to secure a proposed $4.8 billion loan from the IMF.
The Arab World’s imports from Brazil have reached over $6.6 billion between January to August, the Arab-Brazilian Chamber of Commerce said in a report.
Qatar recorded the highest broad money supply growth in the region in 2011 and during the first eight months of 2012, as other Middle East states struggle to keep up.