October 10, 2012
Inflation in Egypt has eased to 6.3 per cent as the economy remains sluggish despite government attempts to boost confidence
The International Monetary Fund has said that Jordan's economy will grow by three per cent in in 2012, with the growth continuing for the next five years, although some wonder where this growth will come from as the global economy shrinks.
Saudi Arabia's benchmark slumped to a fresh 10-week low yesterday as investors fretted that a gloomier outlook for the global economy would lead to lower oil receipts for the worlds top crude exporter.
Jordan's Muslim Brotherhood cancelled its planned trip to Egypt to assist with a gas agreement, that could have alleviated the Kingdoms chronic gas shortfall.
Iran, still facing a currency crisis and potential conflict with Israel, has warned the UAE over a small group of disputed islands in the strategic Strait of Hormuz. Iran claimed them in 1971 and has said their sovereignty is 'non-negotiable'.
After relaxing the ban on rice exports, Egypt is set to issue its first public tender for firms to be able to trade the grain.
Jordan's public debt has ballooned to AED 69.6 billion (18.7 billion US dollars), with loans from banks and international lenders increasing.
October 9, 2012
A senior Iranian energy official announced Tehran's enthusiasm for expanding cooperation with New Delhi in the agricultural industry.
The long-awaited IMF loan to Egypt could be completed by the end of October, Egyptian Prime Minister Hisham Qandil has said.
Sukuk is becoming increasingly relied on for funding as traditional bond markets are failing to delivery the right amount of capital, according to a report published by Standard & Poor's Ratings Services.
The strike by doctors in Egypt is entering a "decisie week" as they battle for better working conditions and an increase in the healthcare budget.
As fears grow for the global economy, Saudi Arabia says that current oil prices are adequate for global economic growth after slight reduction in the cost of a barrel of Brent crude.
After a campaign on social networking site Twitter, the price of chicken in Saudia Arabia is set to drop by up to ten per cent.
A planned strike by public-sector workers in Lebanon in Wednesday has gained more support as the Public Sector Employers Association confirmed they will take action as the debacle continues to run.
The Jordan Enterprise Development Corporation (JEDCO) and the European Union are attempting to boost the Jordanian economy by a mixture of grants and loans to Small and Medium sized Enterprises.