November 21, 2012
The Prime Minister of cash-strapped Italy yesterday used a visit to the UAE to call for firms from both countries to step up their efforts to find investment opportunities.
Following the Jordanian governments decision to lift subsidies on fuel products, demand for petroleum products has dropped sharply over the last few days, according to the Gas Station Owners Association.
The United Arab Emirates has stressed the keenness to actively participate in supporting regional and international efforts to combat acts of piracy and armed robbery against ships.
November 20, 2012
Egypt has reached an initial agreement with the International Monetary Fund's technical team, currently visiting Cairo, for a $4.8 billion loan, Egyptian Planning and International Cooperation Minister Ashraf El-Arabi announced Tuesday.
Iraq and South Africa have signed a trade deal that will explore increasing cooperation between the two countries, including improving visa difficulties and enhancing Iraqi infrastructure.
Remittances from expatriates to Jordan have increased 5.5 per cent to $3.1 billion, in what could be seen as Jordanian's who living abroad trying to help their families more as the cost of living increases in the Kingdom.
As the Gaza conflict unfolds US Secretary of State Hillary Rodham Clinton has started talks with stake holders in Middle East. United Nations Secretary Ban Ki-moon is also expected to reach Israel Tuesday, causing a flurry of activity in the oil markets.
Iranian President Mahmoud Ahmadinejad telephoned Pakistani President Asif Ali Zardari on Monday and discussed bilateral relations as well as matters related to the forthcoming summit of the countries of the D-8 group in Islamabad.
The Sharjah Electricity and Water Authority (Sewa) has urged the public to store enough water ahead of an expected disruption to the water supply next week.
Internet search giant Google should allow the government to monitor its search code, and stop artificially favoring its own results, a coalition of major competitors has told the US trade commission.
The Israeli offensive in Gaza is affecting most Middle East stock markets, as investors are left cautious.
Retail activity in Lebanon fell 8.5 percent in the third quarter amid economic slowdown, the Beirut Traders Association – Fransabank Retail Index issued Monday showed, in what will be more worry economic news for the government,
After days of protests across Jordan caused the the governments decision to increase the cost of petroleum products, it has been announced that fuel prices will be matched to market prices, which will see them fluctuate in line with international prices.
UAE-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its chief executive told Reuters.
November 19, 2012
The International Monetary Fund has said that GDP in Qatar is set to grow at 6.3 per cent, a marked drop from the 14.1 per cent the country saw in 2011.