Main headlines

February 10, 2013

Iraq's finance committee  has been discussing amendments to the country's 2013 budget plans
12:27 GMT

Iraq's Finance Committee discussed amendments to the 2013 budget , according to a statement issued to the country;s House of Representatives.

Inflation in Egypt is creeping up as the pound weakens
11:52 GMT

Egypt’s consumer price index (CPI) rose by 6.6 per cent in January, year-on-year. A hike in the cost of cigarettes, electricity and vegetables drove the increase, the state-run statistics body CAPMAS reveals on Sunday.

The trial of Hosni Mubarak's sons on corruption charges has been postponed
11:33 GMT

Egypt's South Cairo Criminal Court postponed the trial of Alaa Mubarak, Gamal Mubarak, and seven other defendants , on charges of corruption to 10 March.

Iran is "optimistic" over the new round of nuclear talks, according to the country's ambassador to the IAEA
10:56 GMT

Iran's ambassador to the International Atomic Energy Agency said on Saturday that he is "optimistic" about a new round of nuclear talks, scheduled for later this month.

Japan is offering a $3 billion credit line to the Abu Dhabi National Oil Company
07:45 GMT

Japan will reportedly give a $3 billion loan to Abu Dhabi National Oil Co (ADNOC) to help boost the oil developer's upstream business and strengthen bilateral relations.

Power cuts in Beirut could soon be a thing of the past as the country readies itself for power-generating ships
07:32 GMT

Lebanon is preparing for the arrival of the the first of two power-generating ships it is leasing from Turkey in an effort to halt electrical blackouts in the Cedar country.

The IMF has recently been in the UAE as preparations increase another visit in April
06:54 GMT

The International Monetary Fund have been in the UAE to discuss the economy as the Emirates prepare to host the organisation

Operations at Jordan's new terminal at Queen Alia International Airport will take off on March 21
06:36 GMT

Jordan's new terminal at Queen Alia International Airport, just outside of the capital Amman, will officially start operations on March 21

Jordan and Saudi Arabia signed new financing agreements for development projects last week
04:00 GMT

Jordan and Saudi Arabia on Thursday signed four agreements to finance development projects at a total of $299.4 million (around JD212.36 million).

February 7, 2013

Oman has announced a decision to increase the minimum wage for nationals employed in the private sector to 325 Omani riyals from July 1
13:09 GMT

The move is an attempt to boost private enterprise in the Arabian nation.

Many victims, do not realise they have been robbed until much later, as the suspect often flees the scene
12:16 GMT

Police warn against opportunistic con men.

The GCC-Europe rail connection could become a reality by 2018 depending on each of the countries involved
10:41 GMT

The Saudi-funded rail network will connect GCC countries to Europe via Jordan, Turkey.

The Cabinet added one paragraph stating that the bidder had the right to have one or more companies
08:44 GMT

More than 40 U.S. and European countries have bought information on the country’s offshore gas blocks.

Kurdistan is a cash-rich region and will capitalise on that to develop its market, attracting bigger investment
08:31 GMT

Iraq is the second-biggest re-export market to the UAE.

February 6, 2013

The Central Bank of Egypt announced that Egypt's total foreign reserves had dropped by $1.4 billion in January.
13:25 GMT

Minister of planning Ashraf El-Arabi warns that Egypt's foreign currency reserves – currently at their lowest levels in decade – will only cover three months of national imports.