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March 12, 2013

Task Force will support development of the UK's Islamic finance sector, increasing inward investment and strengthening the economy
11:05 GMT
With the continuing growth of Islamic finance across the MENA region, especially in the GCC states, the UK is to create a hub for Sharia compliant banking options.
The Travel & Tourism Competitiveness Index covers 140 countries and uses a combination of data from publicly available sources,international travel and tourism institutions and experts
09:12 GMT
The UAE is the top performer in travel and tourism competitiveness in the Mena region, followed by Qatar, according to a report released by the World Economic Forum.
Oil market trends remain supportive for the region, though less so than in 2012
07:58 GMT
High oil revenues and strong non-oil growth will underpin robust GCC economic performance in 2013, according to a new report from Fitch Ratings.
Subsidized diesel will be distributed through smart cards system in order to grant that subsidies are within reach of those who deserve it
07:51 GMT
Ahead of the rationing of fuel subsidies in Egypt, the country's black market petrol industry is increasing dramatically, Cairo residents say.

March 11, 2013

Saudi Arabia has no intention to withdraw any Saudi deposits whether by investors or by the Saudi government, from Lebanese banks
11:56 GMT
Saudi Arabia does not intend to pull out its money from Lebanese banks, Second Deputy Prime Minister Prince Muqrin bin Abdulaziz said Sunday.
CMA transported 280,000 tons of cargo to the Port of Beirut
11:25 GMT
The start of the Syrian civil war will be marked on March 15, in those two years, shipping lanes are to Syria have been disrupted leaving Lebanon to expand its exporting operations.
Migrant laborers and an estimated further 500,000 undocumented, $4.2 billion was sent back to Nepal through banking channels alone during the last fiscal year
11:19 GMT
In the latest incident involving migrant workers in Jordan, Nepali authorities have rescued six women who they say were working under 'inhumane conditions'.
The railway is expected to start operating in 2017
07:24 GMT
A $6-billion railway project being planned by the Omani government is expected to generate more than 70,000 jobs, according to project statistics
GCC economy put at $1.6 trn in 2013
07:23 GMT
The economies of Gulf hydrocarbon producers will grow by around eight per cent to peak at nearly $1.6 trillion in current prices this year, new statistics show.
Lebanon witnessed an alarming deterioration in public finances over 2012
07:09 GMT
Lebanon's Finance Ministry has forwarded an amended 2013 budget proposal to the Cabinet, cutting expenditures by over $1 billion in a bid to curb the soaring deficit, said a statement released by the ministry over the weekend.

March 10, 2013

Egyptian ports lost most of their transit supplies as some suppliers shifted their trade activities from Egyptian ports to ports located in Lebanon, Turkey and other countries
11:32 GMT
Egyptian ports have lost most of their transit to Libya business, as suppliers have shifted their trade activities to Lebanese, Turkish and other ports.
Tunisians face petrol price hike
11:04 GMT
Tunisians are outraged by the latest increase in fuel prices, which some suggest could also imperil the country's fragile political environment.
Jordan's growth policy is underlined by an aggressive economic and fiscal reform programme for the next four years with the support of the IMF to reduce the budget deficit
07:31 GMT
Jordan's King said on Saturday that the private sector is key to a sustainable future for the country's economy.
The volume of investments amounted to JD4.9 million during the past two months compared to JD1.7 million during the same period of 2012
07:26 GMT
The number of Syrians investing in Jordan shot up by 197 per cent during the first two months of this year, the general controller of companies revealed.
The government has already announced plans to invest SR408.75 billion to produce an additional 41 GW of solar energy by 2032
07:01 GMT
Saudi Arabia is fast becoming a leading investor in alternative energy with the government announcing various solar energy projects that are aimed to ensure sustainable long-term supply of energy across the Kingdom, experts have said.