Main headlines

January 22, 2013

Rakbank is set to launch new Islamic finance products
11:02 GMT

The Islamic finance industry is continuing to grow with the new that Rakbank is to launch a new set of financial services.

The Amman Criminal Court has heard evidence in relation to the case against former chairman of the Jordan Phosphate Mines Company (JPMC) Walid Kurdi.
10:28 GMT

The Amman Criminal Court on Monday continued to hear testimony from prosecution witnesses in the case against former chairman of the Jordan Phosphate Mines Company (JPMC) Walid Kurdi.

A tourist stands on a Lebanese beach.
09:51 GMT

Security concerns keep holiday-makers away, hurting local economy.

The government in Syria has increased the cost of fuel and other commodities as the economy continues to suffer
09:30 GMT

The Syrian government has increased the prices of petrol, wheat and flour, three days after the cost of diesel increased, according to state media.

Hotel occupancy in Bahrain increased by an overall 7 per cent in 2012, new figures show
07:36 GMT

Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also gone up by nearly 21 per cent.

The D8 group of nations, including Egypt and Iran, is  meeting in Tehran and is due to set up a joint investment fund
06:42 GMT

The Developing Eight Organization, which includes Egypt and Iran, is to set up a joint investment fund.

Egyptian President Mohammed Morsi has urged great Arab economic integration
04:00 GMT

Egyptian President Mohammed Mursi called for more Arab economic integration and pushed for an Arab initiative on sustainable development, during the opening of the third Arab Economic and Social Development Summit in Riyadh on Monday.

January 21, 2013

Baghdad has threatened Kurdistan with legal action over oil exports from the semi-autonomous northern region
13:14 GMT

Iraq has threatened the semi-autonomous Kurdistan region to the north of Baghdad with legal action over oil rights, in along-running dispute.

The UAE's Central Bank governor has said new mortgage rules are not "imminent"
12:05 GMT

New rules for the UAE’s property market are a work in progress, and any changes won’t be implemented for six to nine months, the UAE’s Central Bank Governor is quoted as saying.

The third Arab Economic Forum has started in Riyadh, aiming to boost economic integration and deal with the legacy of the Arab Spring
11:29 GMT

The third Arab Economic and Social Development Summit kicks off in Riyadh on Monday aiming to boost economic integration and tackle people’s aspirations amid the Arab world’s turbulent political changes.

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.