Main headlines

April 11, 2013

Kuwait will finance development projects worth $1.3 billion in Bahrain
08:47 GMT

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.

Gas prices in Lebanon are continuing their downward trent.
05:06 GMT

Gas prices in Lebanon are continuing their downward trent.

April 10, 2013

Qatar is to provide $3 billion  to cash-strapped Egypt
12:46 GMT

Qatar will extend $3 billion to Egypt in the coming days, the Qatari prime minister announced on Wednesday

Egypt and Qatar could be close to signing a crucial natural gas link-up
12:26 GMT

Egypt might finalize a deal to import natural gas from Qatar during a visit by Prime Minister Hesham Qandil, according to Egyptian Planning and International Cooperation Minister Ashraf al-Araby.

Abu Dhabi's inflation remained at a steady 1.1 per cent in the first quater of 2013
12:09 GMT

The consumer price inflation rate in the emirate of Abu Dhabi was 1 per cent in March, while the inflation rate during the first quarter of 2013 was 1.1 per cent, new statistics show.

Jordan's authorities expect the demand for food commodities during Ramadan this year
11:10 GMT

Jordan's authorities expect the demand for food commodities during Ramadan this year to exceed levels of previous years.

The UAE's so-called Skype 'ban' still stands according to the telecoms authority
10:47 GMT

After much talk of the possible lifting of the 'ban' on Skype in the UAE, the country's telecoms authority announced no change in the

Consumer confidence in Lebanon dropped to new record low levels in the second half of 2012
09:44 GMT

Consumer confidence in Lebanon hit near record lows in the second half of 2012, new research suggests.

Parts of Egypt's new sukuk law a incompatible with Shari'a law, a leading scholar has said
09:22 GMT

Some articles of Egypt's recently approved sukuk law are “definitely incompatible with Islamic Shari’a law”, said Abdallah Al-Naggar, a member of the Al-Azhar Council of Senior Scholars.

Electricite du Liban workers  are planning industrial action
09:00 GMT

Electricite du Liban workers in Lebanon are planning industrial action over changes to the company's new budget.

Jordan’s olive oil production saw an 11 per cent increase in 2012
03:22 GMT

Jordan’s olive oil production saw an 11 per cent increase in 2012, according to official figures released on Tuesday.

April 9, 2013

 John Kerry has said he will work with Israel and Palestinian leaders in an effort to revive the West Bank's economy
13:37 GMT

The US Secretary of State, John Kerry, said on Tuesday that he will work with leaders from Palestine and Israel to revive the West Bank's ailing economy

Kuwait's oil output is in the range of 3 million bpd, the country's oil minister has stated.
13:09 GMT

Kuwait's oil output is in the range of 3 million barrels per day, the Kuwaiti Oil Minister has said.

Despite regional instability, Lebanon's banking institutions remain safe, the  country's central bank chief claimed on Tuesday
12:37 GMT

Lebanon's central bank chief, Riad Salameh, has insisted that the Lebanese banking and financial sectors have not been affected by the ongoing crisis in the region.

Egypt is set to abolish fuel subsidies within three to five years
12:11 GMT

Egypt is set to abolish fuel subsidies within three to five years in a bid to reduce its spiraling budget deficit, a senior minister has said.