January 22, 2013
The Developing Eight Organization, which includes Egypt and Iran, is to set up a joint investment fund.
Egyptian President Mohammed Mursi called for more Arab economic integration and pushed for an Arab initiative on sustainable development, during the opening of the third Arab Economic and Social Development Summit in Riyadh on Monday.
January 21, 2013
Iraq has threatened the semi-autonomous Kurdistan region to the north of Baghdad with legal action over oil rights, in along-running dispute.
New rules for the UAE’s property market are a work in progress, and any changes won’t be implemented for six to nine months, the UAE’s Central Bank Governor is quoted as saying.
The third Arab Economic and Social Development Summit kicks off in Riyadh on Monday aiming to boost economic integration and tackle people’s aspirations amid the Arab world’s turbulent political changes.
Saudi Arabia yesterday announced a contribution of $ 1.88 million toward UNHCR’s humanitarian program in Myanmar providing shelter to Rohingyas in Rakhine state.
Syria’s capital Damascus suffered power cuts over night, the Associated Press reported.
Financial aid to Egypt from Arab nations has topped $9 billion, mainly from oil-rich Saudi Arabia and Qatar.
Sanctions against Arab Bank were upheld by a US court after a lawsuit accusing it of providing banking services to Hamas and other U.S.-designated terrorist groups.
Iraq has discovered more oil in the country after the first exploration by state-owned companies in more than 30 years.
Yemen's parliament approved the budget for the 2013 fiscal year worth $13 billion
Egyptian stocks rose only slightly on Sunday following an uneven week, despite experts' predictions that a proposed deal between a Bill Gates-led group and Egypt's OCI would fire the exchange.
January 20, 2013
Turkey has reportedly lifted ban on a Turkish cargo plane carrying Ghana’s commitments to Iran in gold, which had been locked up for lacking proper documents.
Saudi Arabia’s inflation this year is expected to reach 4.3 percent year-on-year down from 4.5 percent in 2012, say economic analysts.
The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammad Bin Dhaen Al Hamili.