Main headlines
December 5, 2012
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.
Libya is being forced to pay extra for food supplies as some traders claim that supplies are diverting shipments to elsewhere, in the fear that they will not get paid.
Turkey's Prime Minister has been quoted as saying that it will continue to import gas from Iran, despite sanctions against the Islamic Republic.
The Lebanese Higher Customs Council said exports reported a slight annual rise during the first 10 months of 2012 while the increase of imports extended its slowdown to a single-digit growth.
The UAE, on average, produced 2.67 million barrels per day (bpd) in October, 0.74 per cent lower than its output in September, latest data from the Paris-based International Energy Agency (IEA) showed.
Twelve Egyptian newspapers and five TV channels announced that they will go on strike for one day to object to both recently issued constitutional declaration and the draft constitution.
