Main headlines

January 21, 2013

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'.

Uranium has been found in Egypt and could give a boost to beleaguered economy
07:22 GMT

Egypt's Nuclear Materials Authority says the discovery of huge amounts of uranium ore could help improve the country's flagging economy.

The IMF is to review Egypt's plans for the country's budget deficit before signing off on any loan
04:00 GMT

The IMF is currently reviewing Egypt's new procedures for reducing its budget deficit as a prerequisite to resuming talks that would finalise the $4.8 billion loan deal, says Masood Ahmed, IMF's director of the Middle East and Central Asia department.

January 17, 2013

Saudi Arabia has given Palestine $100 million to help with its current economic woes
12:56 GMT

Saudi Arabia will send the cash-strapped Palestinian Authority $100 million to help alleviate its financial crisis, the official Palestinian news agency WAFA reported.

Increasing numbers of Turkish workers are heading to the Middle East to find employment, new statistics show
12:43 GMT

Turkey is sending increasing numbers fo workers abroad to for employment, with the Middle East gaining the lion's share.

Jordan and Iraq have discussed the possibility of setting up an economic free zone between the two countries
12:19 GMT

Jordan and Iraq have discussed the possibility of setting up an economic free zone between the two countries.