Main headlines

7 نيسان/إبريل 2013

Egypt is expected to increase the size of its loan from the IMF to help cover its booming budget deficit
11:36 بتوقيت جرينتش

Egypt is to increase the size of its $4.8 billion loan from the International Monetary Fund, according to the country's planning minister.

Oman is set to move to a Friday-Saturday weekend
09:44 بتوقيت جرينتش

Oman is set to move to a Friday-Saturday weekend, reducing the gap for businesses and large parts of the region.

Jordan's Labour Ministry issued 475 warnings over workplace violations
09:01 بتوقيت جرينتش

Jordan's Labour Ministry issued 475 warnings over workplace violations, the minister responsible revealed yesterday.

Saudi's King has issued a grace period for illegal workers in the country
08:26 بتوقيت جرينتش

Saudi Arabia announced a three-month grace period for migrant workers facing deportation.

A power ship loan to Lebanon is producing two hours of electricity (file photo)
07:48 بتوقيت جرينتش

A power ship loaned to Lebanon from Turkey is providing an extra two hours of electricity to the country, famously struggling with power-cuts.

Egypt's Net International Reserves (NIR) fell by around $84 million in March
03:10 بتوقيت جرينتش

Egypt's Net International Reserves (NIR) fell by around $84 million in March, the Central Bank of Egypt (CBE) has announced.

4 نيسان/إبريل 2013

Eighty per cent of Arab banks are in a position to meet new international regulations, a banking chief has said
13:48 بتوقيت جرينتش

Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official.

Rosneft and ExxonMobil agreed to bid jointly in a tender for  Lebanon's offshore oil and gas
12:59 بتوقيت جرينتش

Rosneft, Russia's state-backed energy company, and the US-based ExxonMobil are to jointly bid for contracts on Lebanese offshore oil and gas.

Saudi Arabia has launched a clampdown on illegal workers in a bid to create more jobs for its citizens
12:25 بتوقيت جرينتش

Saudi Arabia has launched a clampdown on illegal workers in a bid to create more jobs for its citizens.

Libyan oil authorities are investigating the cause of blast that occurred on Tuesday night. (FIle Photo)
11:47 بتوقيت جرينتش

Libyan oil authorities, in coordination with foreign oil companies, are investigating the cause of blast that occurred on Tuesday night.

Arab countries need to pursue economic reform to strengthen their economies, according to the   head of the World Union of Arab Bankers
09:59 بتوقيت جرينتش

Arab countries must pursue economic and political reforms and improve their infrastructure in order to strengthen their economies, the head of the World Union of Arab Bankers said Wednesday.

Trading in Arab Bank helped push the Amman Stock Exchange to record highs on Wednesday
09:36 بتوقيت جرينتش

Trading volumes on the Amman Stock Exchange (ASE) hit a record level on Wednesday due to the internal transfer of Arab Bank shares held by Lebanon's Hariri family.

Egypt is expecting to sign an a deal with the IMF within weeks, according to state backed media
09:18 بتوقيت جرينتش

Egypt’s government expects an agreement on a $4.8 billion loan from the IMF within weeks, as protestors gathered in Cairo to oppose the deal.

Industry sources say fuel smuggling from Syria is harming Lebanon's industry
08:53 بتوقيت جرينتش

Up to a million liters of smuggled low-quality gasoline has been pouring into Lebanon from Syria on a daily basis since mid-March, industry sources claim.

Apple could unveil its new iPhone in the summer, according to reports
03:55 بتوقيت جرينتش

Apple is planning to begin production of a new iPhone similar in shape and size to its latest version, the Wall Street Journal reported yesterday.