February 24, 2013
The country's minister of minerals, Kamal Abdel-Latif, said this week that he suspects Sudan's gold production will jump to 150 tonnes, thereby generating $8 billion in revenues.
A UAE man was caught allegedly consuming the snacks he pretended to shop for at a local grocery store in one of Abu Dhabi's malls. The 'paper chase' didn't end there as the crook tried to swallow the fraudulent bank notes on his person.
Coming out of denial, Iran's President admits to facing economic difficulties in a rare televised acknowledgement.
Russia's largest independent natural gas producer, Novatek, decided to exit the Egyptian market and end its production activities due to the country's political instability and the deteriorating security conditions, says Anatoliy Chomachka, a diplomatic representative at the Russian embassy in Cairo.
February 21, 2013
Google has revealed for the first time what view users will get through its 'Project Glass' wearable computer.
Israel has awarded its first license to drill for oil on the occupied Golan Heights to a US energy company, industry sources said on Thursday.
Yemen’s Ministry of Electricity started installing new prepaid electricity meters for residents last week, as well as government institutions, as an alternative for old meters where customers were billed later.
Trade between Qatar and India is booming, increasing by $1.2 billion between 2005 and 2012.
Jordan's Energy Minister on Wednesday unveiled plans for the country’s first private sector renewable energy projects as part of efforts to ease the Kingdom’s ongoing energy crunch.
Lebanon's Central Bank has sold $2.2 billion of sovereign Eurobonds, the Governor Riad Salemeh said yesterday.
Jordan’s sole potash producer on Wednesday denied that the company was in talks with Israeli firms on importing natural gas.
Egypt, the world largest importer of wheat, has enough supplies to last 126 days, the Cabinet announced on Wednesday.
The Dubai government has no intention to privatise the electricity and water sector, Shaikh Hamdan Bin Rashid Al Maktoum, President of Dubai Electricity and Water Authority (Dewa), told the media on Tuesday.
February 20, 2013
The Palestinian Authority announced on Tuesday that it will pay its employees part of the January salary in the next two days, according to a cabinet statement issued after its weekly meeting.
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.