Main headlines
December 6, 2012
Bahrain should achieve economic growth of 2.4 per cent this year and that should rise to 2.9pc next year, despite protests continuing in the country.
Egypt's balance of payments deficit decreased to $518.7 million in the third quarter of 2012/13 (July-September) compared to $2.4 billion during the same period last year, the country's central bank said on Wednesday.
December 5, 2012
Ousted Tunisian President Ben Ali's assest are being sold off, according to the state-run Tunis Afrique Presse.
Kuwait's budget surplus for the first six months of reached $44.7 billion before allocations to the Reserve Fund for Future Generations (RFFG),a National Bank of Kuwait report shows.
Hundreds of thousands of loan-defaulters, work-absconders and duped workers, are expected to make use of a two-month amnesty on illegal residents, with scores already turning up to amnesty centres on the first day.
Dozens of employees at Egypt's Sharm El-Sheikh international airport have started a partial strike to demand wage increases and a share in profits.
Global oil supplies are comfortable, OPEC secretary general Abdullah Al-Badri said ahead of the oil exporting group’s meeting in Vienna next week.
Iraq is to give a $5 million aid to support the development process in Yemen, Iraqi ambassador to Yemen said Tuesday.
Bahrain's Parliament yesterday voted to replace the entire Gulf Air board, which was only appointed last month, and tear up the contracts of two consultancy firms recruited by the struggling airline.
After an 11 year wait, a definiate life-time for some soon-to-be users, Apple has released its ever-popular music downloading service service, iTunes.
Egypt stocks rose considerably on Tuesday despite ongoing political confusion, with the benchmark EGX30 index gaining 3.46 per cent to reach 4,991 points.
The UAE has set aside $410 million to cover defaulted debts owed by Emiratis, the state news agency (WAM) has reported.
December 4, 2012
A Lebanese Member of Parliament, Mohammad Kabbani has said that economic maritime borders are not up for negotiation. The issue is contentious as the zone is reported to have large supplie of lucrative natural gas.
Petroleum Development Oman (PDO) will this year post its highest ever annual production of oil and gas, at 1.25mn barrels of oil equivalent (BOE).
The Saudi Fund for Development (SFD) signed three concessional loan agreements with the Egyptian Government. The loans intend to improve food security, irrigation, and drinking water projects.
