Main headlines
December 24, 2012
The European Union (EU) has contributed approximately €7.4 million to the payment of the November salaries and pensions for public sector workers in the West Bank and Gaza, according to an EU press release.
Iranian authorities have claimed that the country has successfully circumvented sanctions on the sale of its oil.
The Lebanese Cabinet will discuss a proposed public sector salary scale that has caused widespread industrial action across the country.
Prices of fuel oil will be gradually increased during the coming period in consultation with the concerned ministers, Egypt's Minister of Petroleum and Mineral Resources said on Sunday.
Yemen's government approved the state's general budget for 2013.
Egypt’s budget deficit increased to LE80.7 billion ($13 billion) during the first five months of the current fiscal year 2012/13, which starts in July, the Ministry of Finance reported on Sunday in a bulletin.
Hotel occupancy at Lebanon’s five-star hotels fell to 56 percent in the first 10 months of 2012 with rates particularly low since August, Ernst & Young’s monthly survey showed.
Iran is engaged in a "smart economic war" with Western powers whose sanctions against its nuclear programme are hurting some Iranians, President Mahmoud Ahmadinejad has said.
Bahrain is gearing up to host a meeting of top Gulf government ministers on Monday, which is set to focus on the Syrian crisis and regional military cooperation and economic unity.
The governor of the Egyptian Central Bank, Farouq El-Oqda, denied on Sunday reports of his resignation, describing them as falsified, state-run Arabic-language news website Al-Ahram reported.
December 23, 2012
The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.
The UAE's Foreign Ministry warned its citizens not to travel to Lebanon at this time unless necessary, the state run news agency reported.
The European Commission said yesterday that South Korea's Samsung Electronics was abusing its dominant market position in certain technologies when it took out injunctions against fierce rival Apple.
Germany’s Federal Minister of Economic Cooperation and Development Drik Niebel said Saturday his country would donate around $14 million to assist Syrian refugees in Lebanon.
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.
