February 5, 2013
Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan to protect the economy from external shocks, the IMF said on Monday.
Kuwait issued Lebanon a $85 million yesterday to finance upgrade work on two power plants.
The Salafist Nour Party has drafted a law that would increase the minimum wage for Egyptian workers to LE1200 ($178) a month.
February 4, 2013
Egypt's government subsidizes gas oil by around $30 million daily, Minister of Petroleum Osama Kamal said on Sunday.
Dana Gas, the Abu Dhabi-listed energy firm which defaulted on an Islamic bond, said yesterday its full-year net profit for 2012 rose 20 per cent on the back of higher oil prices and lower costs says Reuters.
Iran's former central bank chief is thought to have been arrested at a German airport with a cheque for $70 million on suspicion of money laundering. Could he be trying to help out his former bosses in the Islamic Republic?
The Egyptian economy grew by 2.6 per cent in the first quarter of the fiscal year 2012/13, up from 0.3 per cent in the previous year.
Etihad Airways, flag carrier of the UAE, posted a tripling of profits, up by 200 per cent for last year.
Lebanese banks posted an aggregate 2.4 percent growth in profits in 2012, but without the sale of Audi’s insurance arm, LIA Insurance SAL, results would have been a 2.1 per cent overall decline in the sector.
Jordanians’ consumption of oil derivatives in 2012 increased by 6.5 per cent compared with the previous year despite an increase in fuel prices, according to the Gas Stations Owners Association (GSOA).
Oman Air, the flag carrier of the Sultanate, has acquired two additional aircraft as the airline expands it s operations with India.
A Kuwaiti lawmaker has called for the adoption of a single visa for foreigners planning to visit the Gulf Cooperation Council (GCC) countries.
Egypt's budget deficit reached LE91.5 billion in the first six months of the current 2012/13 fiscal year that began last July, the Egyptian Ministry of Finance reported on Sunday.
February 3, 2013
Technolight, a leading Saudi company for modern lighting techniques and equipment, has opened its new showroom in Riyadh
Wine is the only product bucking the trend of declining exports from Lebanon due to the unrest in Syria.