November 28, 2012
Iran's embassy in Jordan categorically denied media reports alleging that Tehran has offered to supply free oil to Jordan following media reports.
November 27, 2012
Banks, currency exchange outlets, gold shops and most commercial venues on the outskirts of Cairo's Tahrir Square closed their doors on Tuesday in anticipation of the scheduled million-man march against the President Morsi's controversial decree.
Strong economic activity in the GCC has driven the growth of remittances, according to a new World Bank report, with the growth of remittances is expected to be stronger during 2013-15.
Russia has been helping Syria through its economic crisis caused by the grinding civil war, which has brought the economy to its knees. A Syrian airforce plane has flown 30 tonnes of banknotes, around 240m notes, to Damascus, new flight logs show.
Lebanon will record a steady inflow of remittances in 2012 despite recent instability in the region, according to the latest statistics released by the World Bank.
Just weeks after the UK's Prime Minister, David Cameron, visited Jordan, the country's trade envoy to the Kingdom has met with Jordan's PM Abdullah Ensour and talked up trade relations between the two kingdoms.
With global warming on the agenda in Doha, a timely reminder of the way climate change is affecting the world is the gas tanker that will be the first to cross the arctic for the first time, as rising temperatures have melted the ice.
Duabai's economy has performed well in the first half of this year, registering growth of 4.1 per cent, according official data., with foreign trade reaching 11.4 per cent.
Saudi Arabia has signed off on a $600 million contract with Raytheon Company, a major American defence contractor and industrial corporation for delivery of a command, control, communications, computers and intelligence (C4I) systems.
The deteriorating political situation in Egypt after President Mohamed Morsi's constitutional decree has caused protests across the country, leaving one dead and has been lead to the increase in the price of gold as investors see it as a 'safe refuge'
A large-scale public sector strike is expected across Lebanon Tuesday organized by the Union Coordination Committee in protest against the government’s delay in finalising a pay hike after a long running dispute.
Jordan trade deficit shot up to JOD6.772 billion in the first 9 months of the current year, up by 19.5 per cent compared with JOD5.583 billion for the same period of 2011, official statistics showed.
November 26, 2012
Iran has announced that it will increase gas production in the giant South Pars gas field. The Islamic Republic has also announced that it will build more storage for oil facilities as Western sanctions are begin to bite.
Several state television channels in Egypt were jammed sunday evening, although the source of the disruption is unclear, but it is thought that it came from outside Egypt.
Tech giant Apple has reportedly asked a US court to add six more products to its patent infringement lawsuit against Samsung, including the Korean mobile maker's popular Galaxy Note II.