Main headlines

February 18, 2013

Automatic spending cuts could affect the US's military and humanitarian assistance to Jordan
03:00 GMT

Automatic spending cuts set to go into effect in the US early next month may affect Washington’s military and humanitarian assistance to Jordan.

February 17, 2013

The World Bank is to fund development projects in Yemen to the tune of $ 206 million
11:30 GMT

The World Bank (WB) has announced to fund in Yemen three new projects at a total cost of US$ 206 million.

The Kuwait Foreign Petroleum Exploration Company (Kufpec) has chosen the banks to finance a loan $750 million loan agreement, according to reports
11:22 GMT

Kuwait Foreign Petroleum Exploration Company (Kufpec) has reportedly picked five banks to arrange a $750 million, five-year loan.

Inflation in Saudi Arabia is creeping up, new statistics show
11:09 GMT

Inflation in Saudi Arabia has accelerated to 4.2 percent year-on-year in January this year, the highest level since July 2012, driven up by an increase in the cost of food.

Facebook revealed it was the target of a sophisticated malware attack, but insisted users data remained secure
10:51 GMT

Social networking giant Facebook is working with the FBI to investigate a malware attack, a report has said.

The Egyptian Youtube ban may not be possible, according to the country's telecoms authority
10:35 GMT

An Egyptian rights group and the nation's telecommunication's ministry have filed appeals to reverse a court order to block YouTube.

Lebanon's Prime Minister, Najob Mikati, averted strike action by referring potential pay increase to parliament early
09:55 GMT

Lebanon's Prime Minister, Najib Mikati, agreed Friday to forward the salary scale hike to Parliament on Monday, a day earlier than planned to help avert strike action by the public employees’ union.

Egypt has had returned around $174 million is cash and assets after it reached a reconciliation deal with Mubarak-era figures
09:21 GMT

Egypt has had returned around $174 million in cash and land after the government reached a reconciliation deal with former ministers and businessmen who served or were prominent under deposed president Hosni Mubarak.

German oil firm Wintershall has said it will remain in Libya, as it struggle to increase production
08:58 GMT

German oil firm Wintershall said it is struggling to return production in Libya to levels from before the civil war, with difficulties finding contractors, and despite its vast resources, it is also ruling out exploring for more hydrocarbons.

Beirut has received one of two power-generating ships in an effort to stop power cuts
07:45 GMT

The first of two electricity barges aimed at boosting Lebanon’s ailing power production entered Lebanese territorial waters Saturday.

Egypt’s unemployment rate saw a slight rise of 0.5 percent quarter on quarter in Q4 of 2012, new figures show
03:35 GMT

Egypt’s unemployment rate saw a slight rise of 0.5 percent quarter on quarter in Q4 of 2012, reaching 13 percent of the country’s total labour force, state statistical body CAPMAS reported Saturday.

February 14, 2013

Bakeries in Lebanon are threatening to go on strike, saying they need increased flour to deal with more Syrian refugees
11:57 GMT

Bakeries in Lebanon are threatening to halt production of the Middle East's staple food if the government fails to increase quantities of flour

Egypt is ready to take delivery of a further 20 F-16 fighter jets from the US
11:42 GMT

The United States pledged to deliver 20 F-16 fighter jets, type Block 52, to Egypt before the end of 2013, Al-Ahram newspaper reported on Tuesday.

Tourism in Tunisia is taking a hit after the assassination of opposition leader Chokri Belaid
11:29 GMT

Security concerns are taking a toll on Tunisia tourism, Investir en Tunisie reported on Tuesday

Lowered interest rates could be a good sign for Yemen's economy, experts say
10:58 GMT

Yemeni Central Bank’s interest rates on certificates of deposits (CDs) have reached an unprecedented low of 15 percent this week.