November 25, 2012
The World Bank has approved US$90 million to fund various projects in Yemen, after successful talks in Cairo. The money will also come with technical assistance and the provision of "institutional support".
In what could be a worrying sign for the IMF, Egypt’s total deficit rose by 3.9 per cent in the third quarter of 2012 (July-October) compared to the same quarter last year, the latest bulletin published by the Egyptian Ministry of Finance reports.
The private sector made up nearly a third of Abu Dhabi’s overall gross domestic product of Dh691 billion last year, according to Mohammad Thani Murshed Al Rumaithi, chairman of the Abu Dhabi Chamber of Commerce and Industry.
After David Cameron's arms-dealing trip across the Middle East, nine members of the British Parliament have arrived in the United Arab Emirates on a four-day visit to try and talk up trade partnerships.
November 22, 2012
Egypt’s unemployment rate saw a minor decline of 0.1 per cent in the third quarter compared to the previous quarter, reaching 12.5 per cent, the state-run statistics agency CAPMAS stated on Wednesday.
Every smartphone owner fears breaking their beloved handheld wonder, taking out insurance and wrapping it up, but good news is on the way as Samsung announce they will produce a new "unbreakable" model made of plastic and not glass.
A new spying technology could allow government agencies to 'silently record' conversations on Internet chat services such as Skype in real time.
Lebanon is to introduce biometric passports, in line with the International Civil Aviation Organization's mandatory requirement for the adoption of biometric technologies by all member countries by 2015.
Egypt is compensating disrupted natural gas quantities to Jordan after several months of export troubles due to attacks on the Sinai-Egyptian pipeline that supplies natural gas to Jordan and Israel, a Jordanian official has said.
As Jordan seeks to liberalise it's fuel markets, the country signed an agreement with French firms to supply oil products to forecourts across the country.
The of board of Gulf Air, the national carrier of Bahrain, yesterday passed a resolution to set up three committees for the implementation of its restructuring plan
Among the Arab Spring countries, Syria has the greatest potential in terms of investment and the UAE National companies are still interested to have businesses in Syria, according to the Minister for the Economy.
Egypt stocks soared during Wednesday trading as the success of the government in reaching agreement with the International Monetary Fund on a $4.8 loan Tuesday positively affected investors' behaviour.
The offices of Al-Jazeera Mubasher Misr, located above Cairo's Tahrir Square, was torched by unknown assailants at 10:30am on Wednesday after a series of street battles between protestors and security forces.
November 21, 2012
With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.