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June 20, 2012

South Sudan is looking for foreign loans in order to finance some of the significant service delivery and infrastructural projects
15:00 GMT
Civil servants in South Sudan are expected to be negatively affected by the country's recently introduced austerity measures as a result of the halting of oil production in January.
The immediate concern is the currency if the conflict deteriorates
14:21 GMT
One-year Egyptian pound forwards weakened to a record after the military took steps to curtail powers of the president chosen in the country's first free election.
South Sudan faces some of the worst health and education indicators worldwide
10:51 GMT
The Republic of Sudan is the third on the list of the world's failed states, after the Democratic Republic of Congo (DRC) and Somalia respectively, the latest edition of the Failed States Index (FSI) has revealed.
“Middle Eastern and African Internet traffic in 2015 will be equivalent to 98 times the volume of the entire Middle Eastern and African Internet in 2005,” the report said
10:19 GMT
In the next few years, Jordan will be ahead of other countries in the region in terms of Internet traffic,” Jawad Abbassi, founder and general manager of Arab Advisers Group, told The Jordan Times.

June 19, 2012

Subsidies are essentially the government buying energy at market prices and reselling it back to citizens at lower prices
15:00 GMT
Theoretically, taking away fuel subsidies would heighten prices on fuel and consumption would go down.
According to a survey by Swiss research company MyPrivateBanking, the world’s top 50 banks do best on LinkedIn and YouTube
15:00 GMT
Global banks have presences on all major social media, however, especially on Facebook, by far the most popular network, they are doing worse than with other social media.
Increasing wealth in emerging markets and a weaker dollar may also boost prices
15:00 GMT
Global prices are poised to climb during the next three to five years as developed nations seek to reduce debt burdens.
Ramadan is another reason that has influenced summer plans
09:50 GMT
Current political turmoil and security developments in Lebanon have forced many UAE-based expatriates to cancel their summer bookings or put them off till the situation stabilises in Beirut.
The world's largest crude exporter stored 284 million barrels inside the country in April, 3.8 percent more than in March
09:24 GMT
Saudi Arabia kept more oil in storage in April than at any other time in a decade as OPEC's biggest producer pumped at the highest level for at least 31 years.
Jordan ranked second in the Arab region after the UAE in population penetration of Facebook, and sixth in population penetration of Twitter
08:13 GMT
The report, issued by the Dubai School of Government, showed that 1,923,780 Jordanians are on Facebook — over 50 times more than the Kingdom’s 36,900 Twitter users.

June 18, 2012

Now, it is time to form a consultative committee made up of experienced practitioners who could take suggestions to put together a mission statement to give guidelines for the next 10 years
15:00 GMT
What this country needed, and still needs, is reasonably priced housing for its citizens.
Smart grid regulatory frameworks are in the early stages of development but progress is being made
15:00 GMT
Smart grid is an opportunity for MENA countries to incorporate their vast solar and renewable resources, manage growing demand, reduce carbon emissions and cut down on electricity system losses.
The proposed law received applause from Kuwait
15:00 GMT
Industry and Trade Minister Shabib Ammari told a press conference in Amman on Saturday that the new law will ensure smooth registration and implementation of projects to benefit from the legislation.
After averaging nearly $120 in the first quarter of this year, Brent crude oil has slipped as low as $95 a barrel this month “ the lowest level since January 2011
10:33 GMT
Cheaper oil may boost growth in some of the weakest states while cooling it in the booming Gulf energy exporters.
One reason why is probably that finding common ground between mainly Iran and Saudi will be hard still, particularly given their conflicting interests in view of the upcoming sanctions
10:07 GMT
OPEC has the chance to re-engage, but of course it means setting individual quotas and sticking to them, which is fraught with peril.