Main headlines

April 22, 2013

Carlos Slim, the world's richest man, is planning investment in Saudi Arabia
08:16 GMT

Mexican business tycoon Carlos Slim, the world’s richest man, is planning to pump billions of dollars of investment into Saudi Arabia.

Egypt is set to amend its draft budget  in move to secure Egypt's $4.8 billion IMF loan
03:42 GMT

Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.

April 21, 2013

banon successfully closed a $1.1 billion eurobond issue  on Thursday
13:41 GMT

Lebanon successfully closed a $1.1 billion eurobond issue Thursday with 20 percent of the bond snapped up by foreign investors, the Finance Ministry said in a statement.

Air Arabia's passenger numbers hit record highs in the first quarter of 2013
12:54 GMT

Air Arabia's passenger numbers hit new highs in the first quarter of this year.

Egypt received $398.5 million in revenues from the Suez Canal in March, the latest statistics show
12:18 GMT

Figures reveal that a major source of foreign currency revenue earned Egypt 12.3 percent less in March than previous year.

Middle East Airlines has denied one of its planes was hit by lightening at Rafik Hariri International Airport in Beirut
12:08 GMT

Reports that a Middle East Airlines aircraft was struck by lightning are false, according to a well placed source.

Russia is yet to decide whether it will offer Egypt a $2 billion loan (AFP PHOTO / HO / EGYPTIAN PRESIDENCY PRESS OFFICE)
10:40 GMT

No agreement has been reached on a $2bn loan from Russia following President Mohamed Morsi’s visit to the country, said Minister of Industry and Foreign Trade Hatem Saleh on Friday

Egypt has resumed hot air balloon flights after an accident killed 19 tourists in February
10:11 GMT

Hot air balloon flights have resumed in Luxor, Upper Egypt for the first time since an accident killed 19 tourists in February.

Middle East Airlines has  confirmed reports it was negotiating with Cyprus Airways to acquire the company’s assets
09:48 GMT

A source at Middle East Airlines on Friday confirmed reports it was negotiating with Cyprus Airways to acquire the company’s assets and said the results of these talks would appear by the end of May.

Jordan's new poverty plan has been slammed as "inadequate"
08:37 GMT

Jordan's new plan to combat poverty in the country has been slammed as "inadequate".

Egypt's negotiations with the IMF are not over, according to IMF chief Christine Lagarde
03:39 GMT

Negotiations between Egypt and the International Monetary Fund are not over yet, IMF chief Christine Lagarde told reporters in Washington on Thursday.

April 18, 2013

Apple shares have hit an 18 month low
14:56 GMT

Tech giant Apple has lost its title as the world's most valuable publicly traded company after the firm's shares fell below 400 dollars for the first time in a year and half.

The World Bank is to extend $70 million to Jordan for financing SMEs
13:21 GMT

The World Bank is to offer a low interest, long-term $70 million loan to Jordan to help finance micro-projects and SMES.

Saudi Arabia remains upbeat on Lebanese tourism, despite regional turmoil
12:55 GMT

Riyadh expressed its optimism for the upcoming tourism season in Lebanon if the positive atmosphere is maintained in the country, Saudi Ambassador to Lebanon Ali Awad Asiri said in remarks published Thursday.

Jordanians rushed to buy gold as the price tumbled
12:43 GMT

Jordanians have purchased over 500 kilos of gold over the past two weeks following a sharp dip in the prices of the precious metal on the global market, according sector leaders.