Main headlines

February 10, 2013

Operations at Jordan's new terminal at Queen Alia International Airport will take off on March 21
06:36 GMT

Jordan's new terminal at Queen Alia International Airport, just outside of the capital Amman, will officially start operations on March 21

Jordan and Saudi Arabia signed new financing agreements for development projects last week
04:00 GMT

Jordan and Saudi Arabia on Thursday signed four agreements to finance development projects at a total of $299.4 million (around JD212.36 million).

February 7, 2013

Oman has announced a decision to increase the minimum wage for nationals employed in the private sector to 325 Omani riyals from July 1
13:09 GMT

The move is an attempt to boost private enterprise in the Arabian nation.

Many victims, do not realise they have been robbed until much later, as the suspect often flees the scene
12:16 GMT

Police warn against opportunistic con men.

The GCC-Europe rail connection could become a reality by 2018 depending on each of the countries involved
10:41 GMT

The Saudi-funded rail network will connect GCC countries to Europe via Jordan, Turkey.

The Cabinet added one paragraph stating that the bidder had the right to have one or more companies
08:44 GMT

More than 40 U.S. and European countries have bought information on the country’s offshore gas blocks.

Kurdistan is a cash-rich region and will capitalise on that to develop its market, attracting bigger investment
08:31 GMT

Iraq is the second-biggest re-export market to the UAE.

February 6, 2013

The Central Bank of Egypt announced that Egypt's total foreign reserves had dropped by $1.4 billion in January.
13:25 GMT

Minister of planning Ashraf El-Arabi warns that Egypt's foreign currency reserves – currently at their lowest levels in decade – will only cover three months of national imports.

Youth unemployment in the region is the highest globally at 23.2 percent.
13:08 GMT

Youth unemployment in the Arab region is the highest in the world, according to a report by the U.N. International Labour Organization.

It wants to replace the system with targeted subsidies, which would see only the most deserving members of society qualify for cheaper goods.
12:59 GMT

The government is pushing for an end to blanket subsidies as part of attempts to slash "unnecessary spending."

Gas prices in Lebanon are continuing to rise, new figures show
11:30 GMT

Gasoline prices in Lebanon leaped Wednesday another LL700, ($0.50) according to the weekly update by the Energy and Water Ministry.

Workers at Egypt's Ain Sokhna port are taking industrial action demanding employment contracts with port managers
10:08 GMT

A labour dispute at Egypt's Ain Sokhna seaport remains unresolved, with almost 1200 workers of Platinum Maritime Services – a subcontractor at the seaport – demanding employment contracts with Dubai-based DP World, which manages the port.

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday
09:45 GMT

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud issued a royal order relieving Dr. Abdulrahman bin Abdulaziz al-Tuwaijri, President of Capital Market Authority (CMA), of his post on Tuesday.

According to an industry executive, returns on Qatari railway investment could top $38 billion
09:32 GMT

According to an industry executive, there is about $38 billion (Dh139.76 billion) worth of potential returns for investors over the next 20 years in rail-related projects in Qatar.

A German fund is to help Lebanese SMEs in an effort to boost the economy
08:44 GMT

SANAD, a German fund for small and medium enterprises in the MENA region signed Tuesday a $20 million loan facility with Bank Audi aimed at expanding lending to small businesses in Lebanon.