Main headlines
December 12, 2012
Taiwan's HTC has unveiled a new smartphone boasting a higher resolution display than Apple's iPhone 5, as it faces stiff competition from Apple and Samsung.
HSBC has agreed to pay US authorities a record $1.9bn settlement over accusations that it allowed money laundering of Syrian and Iranian money.
Sukuk, a type of Islamic bond, needs to be issued on the markets quicker so that non-Islamic financial institutions can enter the booming industry
Reports suggest that Jaguar and Land Rover cars could be built in Saudi Arabia, as demand for luxury cars in the Middle East soars with demand for the Indian-owned brand increasing 9 per cent this year.
Middle East Airlines has denied a media report that two of its planes were targeted by surface-to-air missiles (SAM) while crossing Syrian airspace, a statement from the company said late Monday.
Authorities in Jordan announced that the campaign targeting illegal labourers in the Kingdom has been suspended. No official reason has been given, but Jordan's King received a call from the Egyptian president on Monday
December 11, 2012
Markets, are turning their eyes to Vienna where an OPEC meet is scheduled Wednesday 12 December that will addresses crude oil performance.
Egypt’s political turmoil has prompted the delay of a $4.8 billion International Monetary Fund (IMF) loan to the country’s Islamist-led government, further complicating the country’s economic prospects.
The Iranian Oil Ministry reportedly plans to establish a refinery near the Caspian Sea and feed it by crude oil which is derived from the sea.
Profits of Lebanese banks’ subsidiaries in war-torn Syria have plunged by 69.42 percent in the first three quarters of 2012, a report by Credit Libanais said.
Eight men in a Colombian-Afghani crime ring believed to be behind several bank robberies in Abu Dhabi have been reeled in police.
Jordan will be in the running for the top post of the World Trade Organisation (WTO) for the first time with candidate Ahmad Hindawi when the term of the French big cheese Pascal Lami comes to an end on August 31, 2013.
The Cabinet failed again Monday to pass the controversial salary scale as both the private sector and labor groups remained deeply divided on whether to raise the salaries of civil servants and teachers substantially.
December 10, 2012
Western pressure that forced foreign ship classifiers out of Iran has increased safety risks including the danger of an Iranian vessel spilling oil on another country’s coast, the chief executive of Lloyd’s Register said.
Arab states agreed to provide the Palestinian Authority with a $100 million monthly “financial safety net” to help President Mahmoud Abbas’ government cope with an economic crisis after the UN granted de facto statehood to Palestine, Reuters reported.
