Main headlines

May 1, 2013

Oman is hoping for $10 billion in FDI in one its its economic zones
09:41 GMT

Oman's government expects $10 billion foreign direct investment in Duqm economic zone in the next five years.

Egypt's Shura council passed a draft law on Islamic bonds
09:07 GMT

Egypt's Shura Council (upper house of parliament) on Tuesday approved the Islamic bonds (Sukuk) draft law, reported a television channel.

lebanon's President is demanding answers as to why a powership stopped working
08:36 GMT

Lebanon's President Michel demanded answers on Monday to find out why the power-ship loaned from Turkey has stopped working.

Jordan's government has lowered fuel prices
03:58 GMT

Jordan's government on Tuesday decided to lower fuel prices as of Wednesday by around 5 per cent.

April 30, 2013

Saudi's are the world's biggest spenders abroad, according to a new survey
12:13 GMT

Saudi Arabians have been ranked the world’s biggest spenders abroad, with travelers budgeting an average of $6,666 per trip, according to a survey by Visa.

Pro-Assad hackers have launched another round of attacks on Western media outlets
11:51 GMT

Syrian hackers are launching cyber attacks on a series western media in an apparent effort to cause disruption and spread support for President Bashar al-Assad's regime.

The price of OPEC's daily basket edged upward in Monday's trading
11:35 GMT

The price of OPEC basket of twelve crudes stood at US$100.91 dollars a barrel on Monday, up slightly from Friday's trading.

The unemployment rate in Palestine hit 23 per cent, according to the statistics bureau
11:10 GMT

Marking Labor Day, which coincides on May 1, the Palestinian Central Bureau of Statistics (PCBS) said Tuesday that unemployment rate in Palestine in 2012 was 23%, or 256,000 people were unemployed.

Saudi Arabian visitors to of Ras Al-Khaimah make up a significant  proportion of the Emirate's tourism industry
10:52 GMT

Visitors from Saudi Arabia represent a small but high value and fast-growing proportion of the small Emirate of Ras Al-Khaimah's tourism sector, according to officials.

The tie-up between Egypt and Turkey's stock exchanges is due to be completed by September
10:46 GMT

A link-up between Egypt's and Turkey's stock exchange is projected to be finalised by the end of September 2013, Mohamed Omran, the head of the Egyptian bourse said Monday.

Tourism between the UK and the UAE is on the increase
09:22 GMT

Despite Monday's sentencing to three British tourists in Dubai, tourism between the UK and UAE is flying.

Electricite du Liban deny that poor quality fuel is the reason for the powership moored off the coast of Lebanon to stop working
09:10 GMT

Fuel provided to a Turkish electricity barge was up to standard, despite rumors that substandard fuel had caused the powership moored off the coast of Lebanon to

Egypt is likely to accept proposed interest rates on Qatar's bond-buying
08:41 GMT

Egypt is likely to accept the five per cent interest rate that Qatar has request for the $3 billion worth of treasury bonds

Jordan's food importers have placed orders ready for "exceptional" demand
08:08 GMT

Food importersin Jordan on Monday said they have placed large orders to meet an anticipated "exceptional" increase in demand during the fasting month of Ramadan.

Kuwait is to part-fund the redevelopment of Egypt's railways
03:38 GMT

After several high-profile accidents on Egypt's railways, notorious for years of chronic under investment, Kuwait has said it will fund some redevelopment of the outdated signalling system.