January 22, 2013
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 on Monday continued to hear testimony from prosecution witnesses in the case against former chairman of the Jordan Phosphate Mines Company (JPMC) Walid Kurdi.
Security concerns keep holiday-makers away, hurting local economy.
The Syrian government has increased the prices of petrol, wheat and flour, three days after the cost of diesel increased, according to state media.
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 Developing Eight Organization, which includes Egypt and Iran, is to set up a joint investment fund.
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
Iraq has threatened the semi-autonomous Kurdistan region to the north of Baghdad with legal action over oil rights, in along-running dispute.
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 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 yesterday announced a contribution of $ 1.88 million toward UNHCR’s humanitarian program in Myanmar providing shelter to Rohingyas in Rakhine state.
Syria’s capital Damascus suffered power cuts over night, the Associated Press reported.
Financial aid to Egypt from Arab nations has topped $9 billion, mainly from oil-rich Saudi Arabia and Qatar.
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 country after the first exploration by state-owned companies in more than 30 years.