April 24, 2013
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.
Egyptian Finance Minister El-Morsi El-Sayed Hegazy officially submitted the government's 2013/14 budget to the Shura Council (Parliament's upper house) on Tuesday.
Fuel prices in Jordan are to drop again, following the governments decision to set prices in line with market costs.
April 23, 2013
The majority of Dubai residents are concerned about increasing living costs, a survey has found, at a time of rising inflation and spiraling property rents.
Trading in shares of Orascom Construction Industries (OCI), Egypt’s biggest private construction firm, was suspended on Tuesday.
Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.
The EU has decided to lift its oil embargo on Syria, in an effort to boost the opposition.
Energy firms Dana Gas, ENI and Sea Dragon announce they have been awarded exploration rights in Egypt's Nile Delta and eastern Mediterranean in an EGAS bid round on 18 April.
Bahrain's economy is set to grow by 4.5 per cent this year and over 5pc next year, according to a leading private bank's top economist.
Iran is owed $4 billion for oil sales to customers who have been unable to pay because of sanctions imposed on the Islamic republic over its nuclear programme, according to an official.