Main headlines

April 24, 2013

Bahrain academic staff have been granted substantial pay rises
12:50 GMT

Bahrain academic staff have been granted substantial pay rises

Oil prices will dip as demand weakens coupled with increased output, experts predict
12:27 GMT

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  are to contribute  to the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG)
12:21 GMT

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.

The Jordan Telecom group has said that all internet services in Amman have been restored following a major blackout
10:46 GMT

Following a major blackout in the Jordanian capital Amman, all internet services have been restored, according to the Jordan Telecom group.

Egypt's pound hit a record low against the dollar on Tuesday
09:44 GMT

The Egyptian pound, under severe pressure for months, hit a new against the dollar on Tuesday.

Apple has reported its first fall in profits for a decade
08:44 GMT

US-based tech giant Apple has reported its first quarterly drop in profits in a decade.

Egypt is set to submit its draft budget proposals to the Shura Council
08:36 GMT

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 set to drop
08:04 GMT

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
13:27 GMT

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.

Orascom's share on the Egyptian stock market were suspended on Tuesday
12:58 GMT

Trading in shares of Orascom Construction Industries (OCI), Egypt’s biggest private construction firm, was suspended on Tuesday.

The EU is negotiating with Morocco over a new trade agreement
12:46 GMT

Trade representatives from the European Union and Morocco have begun talks to upgrade a trade agreement, the European Commission said Monday.

The EU has eased its sanctions on Syria in an effort to boost the rebels
11:52 GMT

The EU has decided to lift its oil embargo on Syria, in an effort to boost the opposition.

Egypt has awarded gas exploration deals for the Nile Delta region
11:18 GMT

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 'to grow 4.5 per cent this year'
10:17 GMT

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 billions in oil revenues which customers who have been unable to pay because of sanctions imposed on the Islamic republic
09:53 GMT

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.