Main headlines

Egypt industrial sector fears losses

The market capitalization of 14 Arab financial markets fell by 14% since the beginning of this year until November 26.

Iraq's economic interests as well as Iranian pressures have pushed the Iraqi government to oppose the decision of the Arab League to impose tough economic sanctions on Syria.

A World Bank report said on Wednesday that the MENA region is expected to achieve growth of 4.1% this year and 3.85% in 2012.

The Emirati-Korean Nuclear joint program will cost the UAE about $30 billion namely Emirates Nuclear Energy Corp and Korea Electric Power Corp.

Tourism revenues in Abu Dhabi surged to $111 million in October as a result of the city’s efforts to attract two million visitors by 2011, tourism chiefs said on Wednesday.

Current social upheaval in Egypt may send the country’s currency on a downward trend resulting in a sharp depreciation in the coming few months.

Despite adverse international developments, the Omani banking sector continued to exhibit optimism and resilience during 2011

n a preliminary statement, knowledgeable sources revealed that the Bank of Dubai may merge with the Emirates Islamic Bank NBD (EIB).

Gulf countries provided one billion dollars to Egypt after the revolution that toppled Hosni Mubarak for infrastructure and economic losses.

Tourism in Egypt rose by 23.2 per cent in the third quarter, official statistics showed on Monday.

According to Kuwaiti analyst, Mohamed Al-Shatti, oil prices will not drop below $100 per barrel in the coming period

According to the Jordanian Employment Ministry, Egyptians make up 68% of foreign workers in Jordan

Saudi Arabia will overtake Russia as the world’s largest crude oil producer by 2015

Washington reminded Beirut of the importance of exerting the approved sanctions on Syria, said Daniel Glaser, Assistant Secretary of the US treasury