February 20, 2013
The nominal gross domestic product (GDP) of Gulf region reached a new record high of $1.56 trillion in 2012, up from $1.44 trillion the previous year on the back of resilient oil prices and record exports, said a leading economist.
Saudi Arabia’s gross domestic product at current prices increased by a massive 31 per cent, according to new statistic released yesterday.
Tech giant Apple has said its computers were attacked by the same hackers that targeted Facebook last week.
The last-minute decision by Jordan's government to cancel winter time resulted in saving the Kingdom $7 million over the course of darker months, Energy Minister Alaa Batayneh said on Tuesday.
Egyptian prosecutors have referred former prime minister and presidential candidate Ahmed Shafiq, his three daughters and 10 other accomplices to trial for embezzling public funds in the 'pilots housing' case.
The gas facility at the centre of the Algerian hostage crisis in January will resume production by February 24, state media reported on Monday.
Around 8,800 jobs have been secured within 10 days under the National Employment Campaign launched last month, the Jordan News Agency, Petra, reported.
Lebanon's Prime Minister Najib Mikati’s proposal to allow real estate developers to add an additional floor in return for higher taxes could cause the prices of properties to soar beyond the means of average Lebanese citizens, economists say.
Employment opportunities for Egypt's young cadres should fall to country's private sector as well as government, Industry Minister Hatem Salah said in a conference on Tuesday.
February 19, 2013
Egypt will begin to reduce fuel subsidies in April, the country's minister of petroleum and mineral resources said on Monday.
Lebanese agricultural exports rose by 14 percent in 2012 despite the volatile situation in the region, the head of the Investment Development Authority of Lebanon said Monday.
The UAE has granted Bahrain $2.5 billion to help fund development projects.
Turkey's Foreign Minister, Ahmet Davutoglu, called on Turkish businessmen to invest in the Middle East and North Africa.
The size of India's investments in Egypt is expected to be doubled through 50 Indian companies working in different fields in Egypt, Indian Ambassador to Egypt Navdeep Suri said on Monday.
Oil companies yesterday vehemently denied media reports that they have re-exported fuel oil to Syria.