December 19, 2012
The United States urged Egypt and International Monetary Fund to reach an agreement on the $4.8 billion loan that was postponed on 11 December "as quickly as possible."
The popular smartphone app Instagram, recently bought by social-network behemoth Facebook, has aletered its terms and conditions, allowing the company to use photographs without the creators permission.
December 18, 2012
Work on the first phase of GCC Development Programme–funded projects is set to start in Bahrain next month.
In a statement to the Tadawul, Saudi Arabian Mining Company (Maaden) announced the signing of a revolving Murabaha finance facility with a tenor of five year.
The Iranian government has conceded that it is losing half of its oil revenues due to international sanctions imposed over its disputed nuclear programme.
The governor of the Central Bank of Egypt (CBE) will resign from his position by the end of December for health reasons, a CBE source who preferred anonymity told Ahram Online Monday.
The deficit value of the Palestinian Current Account amounted to $2,192.6 million (21.5% of the GDP in current prices), compared with a deficit in year 2010 which amounted to $690.9 million.
Share prices for Apple have dipped below $500 for the first time, after a high of over $700 a share since the company's flotation on the stock market earlier this year.
Iran has been targeted by a cyber attack which is similar to a malicious virus that severely disrupted the country's oil industry earlier this year.
The European Investment Bank has agreed to fund development in Morocco, in a deal worth almost $600 million.
Investments in the UAE’s industries for the first half of this year reached Dhs. 124 billion, Abdullah Sultan Al Fan, assistant undersecretary for Industrial Affairs at the Ministry of Economy, told Gulf News.
The Egyptian stock market closed in the red on Monday, despite analysts' predictions that it was likely to gain throughout this week, with the generally trouble-free referendum vote expected to boost market confidence.
December 17, 2012
UAE-based Dana gas has agreed with bondholders the plan to restructure its $920 million Islamic bond to reduce it down to $850 million.
Mobile application storefronts have collectively distributed a total of 81 billion smartphone and tablet apps as of end-September 2012, according to a report.
Bahrain's ailing national carrier Gulf Air may be forced to hire 100 unemployed Bahraini pilots despite plans to slash its heacount by as much as 1,800 as part of a proposed US$492m government bailout deal, it was reported.