Main headlines

March 5, 2013

Iraq will receive Russian arms by the summer, the Iraqi foreign minister said on Monday (Image for illustrative purposes)
13:14 GMT

Iraq will receive deliveries of attack helicopters and air defense systems from Russia before the start of summer, the Iraqi foreign minister said Monday.

Sunset over the river Nile in Cairo
12:58 GMT

Tourists from the Persian state will be allowed to visit Egypt after diplomatic breakthrough.

Pipelines to transport crude oil from Iraq to Egypt  will be constructed
12:31 GMT

The deal will see crude oil pipelines built between the countries.

A man inspects a natural gas pipe in Bahrain
10:45 GMT

Oil and gas industry experts were bullish about this year's prospects at the Bahrain Capital Club

Orascom Construction Industries denies it evaded Egyptian government tax (Image used for illustrative purposes)
10:12 GMT

Egypt’s largest listed company, Orascom Construction Industries (OCI), is denying allegations that it evaded government tax.

China has overtaken the US as the world's largest net importer of oil, according to a new report
08:53 GMT

China has overtaken the US as the world's largest net importer of oil, a report has said.

Libya has resumed has exports to Italy following clashes near a gas instillation
08:24 GMT

Libyan gas exports resumed to Italy after a brief stop on Saturday, as a result of armed dispute around the Mellitah complex on the western Libyan coast.

Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
07:22 GMT

Retail sales in Lebanon fell by 12 per cent in 2012 due to the political stalemate and ramifications of the Syrian crisis, the Beirut Traders Association-Fransabank Retail Index showed Monday.

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.
03:44 GMT

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.

March 4, 2013

Protesters have broken into an Iraqi oil field demanding jobs
12:36 GMT

Hundreds of protesters broke into Iraq's giant southern West Qurna-2 oilfield, early on Monday, sources from the field, police and the state-run Southern Oil Co. said.

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity
12:17 GMT

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity, according to sources.

Fuel prices will not increase in Egypt after new 'smart cards' have been introduced, misters have said
11:42 GMT

The government will not raise the prices of subsidised fuel even when rationing 'smart cards' are introduced, Osama Kamal, minister of petroleum told state-owned MENA news agency.

Oman is planning on increasing oil production  to 940,000 barrels per day day as domestic demand increase in the Sultanate.
11:17 GMT

Oman is planning on increasing oil production to 940,000 barrels per day day as domestic demand increase in the Sultanate.

The US announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.
08:53 GMT

The United States announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.

Royal Jordanian is diverting its flights from Amman to Beirut to avoid Syrian airspace
07:52 GMT

Royal Jordanian is diverting flights from Amman to Beirut away from Syrian airspace, as part of the airlines “commitment to the safety of its passengers and security of its operations".