October 18, 2012
In further trouble for Bahrain's national flag carrier, Gulf Air has suspended flights to Nairobi, Kenya, for "commercial reasons", a statement said. The airline is facing financial trouble as the King of Bahrain has forced through the recapitalisation of the state-backed company.
The Minister of Economy from the United Arab Emirates, Sultan Saeed Al-Mansouri, has visited Ireland, once the 'Celtic Tiger' of Europe, to discuss improving the SME environment and other areas Emirati economy, as the two nations discuss improving relations.
US Navy officials in Bahrain have hit back at criticism of a major mine-sweeping exercise in the Gulf designed to show global will to keep oil shipping lanes open as Israel and Iran trade threats of war.
October 17, 2012
Jordan's Prime Minister bdullah Ensour on Tuesday said the largest share of the government’s subsidies, go to the rich, non-Jordanians and guest workers. Is this the start of the transitionary PMs attempt to reduce them?
Saudi Arabia has rejected protectionist policies and reaffirmed its position on free-trade as the only solution to the global financial crisis, in a statement from the Deputy Foreign Minister Prince Abdul Aziz bin Abdullah.
Inflation in Oman dropped slightly, to 2.4 per cent, in August, as prices begin to food stabilise and a decline in the prices of personal care items and other services, according to the consumer price index (CPI).
A strike by taxi drivers im Lebanon turned out to be far less disruptive than feared with only around 50 cars gathering in Dora, north of Beirut.
Offices at Beirut Port were raided on Tuesday, after allegations of rampent corruption were aired on on a local TV stations. If proven, the treasury could have been deprived of hundreds of millions of US dollars in revenue each year.
Tech giant Apple has reportedly sent out invites for a special event on October 23, at which the firm is likely to unveil a smaller version of its iPad.
Lebanon is looking set to invest heavily in wind farms, with twenty-three local and international companies submitting declarations of intent for building wind farms, the Energy and Water Ministry said Tuesday.
Middle East hubs and airlines are leading the way to confront and overcome the serious challenges to global aviation growth and stability and bring about positive change in the industry.
Switzerland has blocked around $753 million in assets tied to Egypt's ex-president Hosni Mubarak and his entourage, the Swiss foreign ministry said on Tuesday.
In further trouble to Bahrain's national flag carrier, Gulf Air, plan to restart services between Bahrain and Iran have been deferred until further notice.
October 16, 2012
Iran state television is reporting that Ayatollah Ali Khamenei has said that Iran will not give in to "bullying" at the negotiating table with world powers over its disputed nuclear program, despite new economic sanctions from the European Union.
Flights between Amman and Istanbul are to take longer after Syria banned Turkish civilian aircraft from using its airspace. The ban comes as Turkey and Syria confront each other other cross-border shelling that has left five people dead.