Main headlines
December 6, 2012
Egypt stocks tumbled Thursday morning in the aftermath of violent clashes between pro and anti-Morsi supporters that left at least five dead and some 500 injured Wednesday night.
A projected $700 billion will be spent on refining infrastructure projects in the GCC region over the next few years, said an expert, adding that it was vital to design new projects to minimise maintenance costs and maximise reliability.
The United States should exempt Turkey from new sanctions it is contemplating against Iran over its disputed nuclear programme, the Turkish energy minister was quoted as saying by the local media yesterday.
Tech giants Apple and Samsung have reportedly returned to a US court so that a judge can review a jury's decision to award Apple 1.05 billion dollars in damages.
The Central Bank of Jordan on Wednesday received an official notice from the Saudi Development Fund confirming the transfer of $250 million (around JD178 million) to Jordan, according to the Jordan News Agency, Petra.
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.
