Main headlines

February 28, 2013

Etihad Airways said on Wednesday it has bought three pairs of Indian carrier, Jet Airways’ slots of London Heathrow airport slots
08:53 GMT

Etihad Airways said on Wednesday it has bought three pairs of Indian carrier, Jet Airways’ slots of London Heathrow airport slots for $70 million.

Egypt's budget deficit continues to rise
07:25 GMT

The Egyptian economy continues to post negative results, with the country's budget deficit increasing by almost 36 per cent, from July to January of the 2012/13 fiscal year compared to the same period the previous fiscal year.

Jordan thanked the Saudi Ambassador to the country on Wednesday for continued financial support
07:01 GMT

Jordan's finance minister thanked the Saudi Ambassador to the Kingdom on Wednesday for $200 million, used to prop up the ailing economy.

Continued unrest is costing Egypt $15 million a day, the country's Minister of Finance said on Wednesday
03:39 GMT

Egypt's Minister of Finance, Mursi Hijazi, said on Wednesday that Egypt is losing about 100 million Egyptian pounds ($15 million) per day because of insecurity and political unrest.

February 27, 2013

Construction workers in Egypt are strike, delaying the building of the new power plants
12:18 GMT

Operations at Egypt's Ain Sokhna, North Giza and Banha power plants have been halted because of labour protests by workers demanding permanent employment and higher wages.

Iran and Pakistan are set to sign a key gas deal
11:47 GMT

Despite mounting US pressure, Pakistan President Asif Ali Zardari has reportedly decided to travel to Tehran this week to finalise a multibillion dollar gas pipeline deal.

Following a two month grace period, Jordanis to crack down on undocumented workers.
11:21 GMT

Following a two month grace period, Jordanis to crack down on undocumented workers, a ministry secretary official said on Tuesday.

IIraqi Airways has resumed direct flights to Kuwait on Wednesday for the first in more than quarter of a century.
11:14 GMT

Iraqi Airways has resumed direct flights to Kuwait on Wednesday for the first in more than quarter of a century.

Corruption costs Yemen $10 billion, according to a new report
08:41 GMT

Yemen loses about $10 billion because of widespread corruption at various public offices, a recent official report has said.

Etihad Rail has secured key finding to finance signature rail projects
08:25 GMT

Etihad Rail – the developer and operator of the UAE’s national railway network – has secured financing of $1.28 billion for key railway projects.

Three of Egypt's mobile phone operators are to be referred to public prosecutors
08:10 GMT

Egypt's antitrust watchdog says Mobinil and Etisalat have not been cooperating with an investigation into the companies' imposition of a new stamp duty on customers

Lebanon's Energy Ministry signed contracts for new power plants
07:53 GMT

Lebanon's Energy Ministry signed Tuesday a $348 million contract with a Danish-German consortium to build new power plants.

Fuel prices are set to rise in Jordan by up to four per cent, according to President of Gas Stations Owners Association Fahed Al Fayez.
03:29 GMT

Fuel prices in Jordan are set to increase on Thursday three months after the last increase that saw widespread rioting across the county.

February 26, 2013

Data is set to overtake voice usage as the big money spinner for mobile operators by 2018, experts predict
12:50 GMT

Mobile operators will make more money from data than from voice by 2018, a report has said.

Tunisia plans to create 25,000 jobs with a new industrial zone
11:13 GMT

Tunisia plans to establish a new industrial zone in the Ariana region, according to national media.