Main headlines
December 9, 2012
The Gulf Cooperation Council (GCC) Summit this month in Bahrain will not announce the union of the six member states, Bahrain’s foreign minister has said.
Khalifa Port will be officially opened on December 12, 2012 amidst expectations that over the next few years the UAE will become a vital link in the chain which connects emerging and more established markets.
December 6, 2012
The African Development Bank (ADB) is on its way to approve a request to grant Egypt $1 billion loan to support the country’s budget, the bank’s director said during a press conference in Cairo on Wednesday.
Unemployment in Saudi has reached one million people, as the Kingdom plans a new policy of 'Saudization'.
The Union for the Mediterranean (UfM) announced on Tuesday that it would adopt the Jordanian National Railway Network Project as one of the UfM's regional projects.
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.
