Main headlines

March 31, 2013

Fuel prices in Jordan are set to drop on Monday
11:12 GMT

Fuel prices in Jordan are set to drop slightly on Monday following a decrease in the price of oil on the international markets.

Workers from Libyan  oil company Tatneft are returning to Libya to resume work interrupted by the revolution
10:33 GMT

Workers from Libyan oil company Tatneft are returning to Libya to resume the work that was interrupted by the 2011 February 17 Revolution.

The first flight from Cairo to Tehran for 34 years took off on Saturday in a thawing of relations
10:14 GMT

Air Memphis departed Egypt’s International Airport on Saturday heading to Tehran to mark the first direct flight between the two capitals since the Islamic Revolution in Iran, more 30 years ago.

Many Lebanese bank in Cyprus are planning to either shut down or reduce their operations on the island
09:47 GMT

Most Lebanese banks operating in Cyprus said they were planning to either shut down or drastically reduce the scope of their operations on the island, following strict new capital controls.

An Iraqi official has confirmed Baghdad  rejected a request from Egypt for a $4 billion bond to be deposited in Egypt’s central bank
09:21 GMT

An Iraqi official says Baghdad has rejected a request from Egypt for a $4 billion bond to be deposited in Egypt’s central bank to bolster its faltering economy.

Egypt’s vital waterway Suez Canal hit a 7.4 percent slump in monthly revenues.
04:30 GMT

Egypt’s vital waterway Suez Canal hit a 7.4 percent slump in monthly revenues, the country's state information portal showed.

March 28, 2013

Construction site
13:56 GMT

The government looks set to miss its deadline on house-building

The UAE Central Bank has agreed to cap mortgages at levels recommended by the UAE Banks Federation.
12:29 GMT

The UAE Central Bank has agreed to cap mortgages at levels recommended by the UAE Banks Federation.

Lebanon's financial markets have responded relatively well to the news of the government's resignation
11:50 GMT

Lebanon’s financial market appears to have weathered the resignation of yet another premier last week, according to several bankers and economists.

Libya is to provide Egypt with 900,000 barrels of oil a month from Libya starting in April
10:08 GMT

Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms.

Egyptian security forces have caught a saboteur that damaged a cable disrupting internet services
09:22 GMT

Egyptian security staff arrested a saboteur accused of cutting an underwater internet cable earlier that day, causing internet services to drop by 60 percent.

Libya is reportedly set to spend $4.7 billion on upgrading its military  (MAHMUD TURKIA / AFP)
09:09 GMT

Libya is reported to be planning to spend some $4.7 billion, or at least 10 percent of the national budget on upgrading its military forces over the next year.

One of the largest ever cyber-attacks is still lowing the internet and could get worse, experts warn
08:52 GMT

One of the largest ever cyber-attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organization blocking “spam” content became a target.

Farmers in Lebanon have urged authorities to allow trucks to cross the Syrian border
08:35 GMT

The Head of the Lebanese Farmers Association on Wednesday called on authorities to take active steps to allow Lebanese trucks to cross the Syrian border.

Jordan's Cabinet agreed on Wednesday to boost capital for the Central Bank to $68 million.
07:05 GMT

Jordan's Cabinet agreed on Wednesday to boost capital for the Central Bank to $68 million.