Main headlines

January 21, 2013

Saudi Arabia is to finance support for Rohingya Muslims displace in Burma
10:11 GMT

Saudi Arabia yesterday announced a contribution of $ 1.88 million toward UNHCR’s humanitarian program in Myanmar providing shelter to Rohingyas in Rakhine state.

Damascus suffered power cuts over night
08:57 GMT

Syria’s capital Damascus suffered power cuts over night, the Associated Press reported.

Egypt has received $9 billion in financial aid, mainly from Saudi Arabia and Qatar
08:18 GMT

Financial aid to Egypt from Arab nations has topped $9 billion, mainly from oil-rich Saudi Arabia and Qatar.

A US court upheld sanctions against Arab Bank after its dealings with Hamas, a designated terrorist organisation in America
07:34 GMT

Sanctions against Arab Bank were upheld by a US court after a lawsuit accusing it of providing banking services to Hamas and other U.S.-designated terrorist groups.

Iraq has discovered more oil in the southern Maysan province, after the first exploration by state-owned firms in 30 years
06:52 GMT

Iraq has discovered more oil in the country after the first exploration by state-owned companies in more than 30 years.

Yemen approved its budget plans for the 2013 fiscal year, with the government expected to spend $13 million
05:57 GMT

Yemen's parliament approved the budget for the 2013 fiscal year worth $13 billion

Egyptian stocks did well on Sunday after a volatile week
04:00 GMT

Egyptian stocks rose only slightly on Sunday following an uneven week, despite experts' predictions that a proposed deal between a Bill Gates-led group and Egypt's OCI would fire the exchange.

January 20, 2013

Turkey has released a plane bound for Tehran after fining it for a breach of regulations
12:52 GMT

Turkey has reportedly lifted ban on a Turkish cargo plane carrying Ghana’s commitments to Iran in gold, which had been locked up for lacking proper documents.

Inflation is set to ease slightly in Saudi Arabia during 2013
12:31 GMT

Saudi Arabia’s inflation this year is expected to reach 4.3 percent year-on-year down from 4.5 percent in 2012, say economic analysts.

The UAE's current oil production is 2.6 million barrels per day, according to the Energy Minister
12:06 GMT

The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammad Bin Dhaen Al Hamili.

Iraq has reopened the border with Jordan following  Baghdad's decision to close it on January 9
11:20 GMT

Iraq has reopened its border with Jordan, allowing goods trucks to move across the border, after it was closed on January 9.

The President of the European Council Herman Van Rompuy has said any loan agreement is contingent on the IMF deal
10:58 GMT

A $6.5 billion European Union loan to Egypt will only be granted once the International Monetary Fund has signed its own $4.8 billion loan to the country.

An oil pipeline in Yemen has been blown up, causing operation to be suspended
08:40 GMT

Gunmen in southeast Yemen have blown up an oil pipeline that transports some 8,000 barrels per day to export terminals on the Gulf of Aden, suspending operations, a local official said on Saturday.

Libyan  officials have beefed up security at their oil and gas plants following the deadly hostage situation in neighbouring Algeria
08:16 GMT

Libyan officials have said that Libyan oil and gas installations are extremely secure and played down any threats of similar attacks such as that happened in Algeria during the last four days.

The US has warned that cyber attackas are making Iran into "a force to be reckoned with"
08:04 GMT

An American army general has warned against Iranian cyber attacks, saying they were turning the Islamic Republic into a 'force to be reckoned with'.