February 6, 2013
Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud issued a royal order relieving Dr. Abdulrahman bin Abdulaziz al-Tuwaijri, President of Capital Market Authority (CMA), of his post on Tuesday.
According to an industry executive, there is about $38 billion (Dh139.76 billion) worth of potential returns for investors over the next 20 years in rail-related projects in Qatar.
SANAD, a German fund for small and medium enterprises in the MENA region signed Tuesday a $20 million loan facility with Bank Audi aimed at expanding lending to small businesses in Lebanon.
Egypt's net foreign reserves fell by $1.4 billion in January to $13.613 billion, the Central Bank of Egypt (CBE) stated on Tuesday.
February 5, 2013
The regions first and largest low-cost airline, Air Arabia, has recorded a 5.3 million passengers in 2013, up by 13 per cent.
Emirates National Oil Company (ENOC) signed an annual contract with Qatar's International Petroleum Marketing Company, the Emirati company said, as it aims to cut imports from Iran of extra light oil.
Egypt's finance minister has said that the government would complete its revision of its economic reform plan next week, after which it planned to invite a delegation from the IMF, according to a statement yesterday.
Standard and Poors ratings agencies responsible for putting the squeeze on Egypt's ailing economy face US government's legal wrath over its role in the subprime mortgage crisis in 2007.
The gas field attack in Algeria and the war against terror in northern Mali are forcing the countries to take a new look at economic policies.
The decision of Egypt’s Suez Canal to raise its toll fees may cause the already struggling ship owners to re-route their vessels to the Cape of Good Hope, the International Chamber of Shipping (ISC) said on Monday.
The World Bank stressed yesterday its commitment to ensuring all funding granted to Yemen at a Riyadh meeting will end up in government coffers.
Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan to protect the economy from external shocks, the IMF said on Monday.
Kuwait issued Lebanon a $85 million yesterday to finance upgrade work on two power plants.
The Salafist Nour Party has drafted a law that would increase the minimum wage for Egyptian workers to LE1200 ($178) a month.
February 4, 2013
Egypt's government subsidizes gas oil by around $30 million daily, Minister of Petroleum Osama Kamal said on Sunday.