Main headlines

April 25, 2013

Qatar has predicted it will need half a million extra workers for upcoming development projects, including the World Cup
12:12 GMT

Qatar has predicted it will need half a million extra workers for upcoming development projects, including the World Cup

The UAE's economy is expected to grow by four per cent, according to the Minister for Economy
12:11 GMT

The UAE's GDP will grow by four per cent by the end of this year, according to the country's Ministry of Economy.

Negotiations between Qatar and Egypt over a $3 billion are on going, according to reports
10:51 GMT

Egypt is still in negotiations over a $3 billion loan from Qatar, with an interest rate of around 5 percent currently being discussed.

Saudi projects in Egypt are stalling, according to a planning minister
10:40 GMT

Saudi-owned projects worth 5 billion riyals ($1.3bn) have stalled in Egypt, with at least 20 projects pending, a senior minister has said.

90 per cent of Syrian workers in Jordan's northern region are working illegally, according to the labour department
09:54 GMT

The vast majority of Syrian refugees in Jordans northern city of Mafraq , are working illegally, according to the region's labour department.

Vodafone Egypt is reportedly struggling with imports due to a lack of foreign currency
08:51 GMT

Vodafone Egypt is currently facing a challenge in obtaining foreign currency in Egypt to purchase network equipment, Vodafone’s Local Chief Executive Hatem Dowidar reported to the media.

Jordanians are head to gold as it is seen as a safe haven
08:29 GMT

Jordanians seem to be seeking a safe haven as their gold purchases this month were the strongest in 10 years with demand still surging.

April 24, 2013

Iran considers the logical price of crude to be around $100 to $120 a barrel
13:47 GMT

Iran is currently negotiating with members of the Organization of Petroleum Exporting Countries to maintain oil prices around $100 in international markets.

Egyptian's long-running IMF saga continues to rumble on
13:19 GMT

Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal will be ready for implementation by the end of May, predicted regional IMF representative Abdel Shakour Shaalan.

Bahrain academic staff have been granted substantial pay rises
12:50 GMT

Bahrain academic staff have been granted substantial pay rises

Oil prices will dip as demand weakens coupled with increased output, experts predict
12:27 GMT

A supply glut driven by increased crude output from the US, Canada and Iraq and demand loss from the US is expected to sharply drive down oil prices in the coming years, an expert predicted.

The European Union  are to contribute  to the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG)
12:21 GMT

The European Union Tuesday contributed €1.6 million ($2.0 million) to the tenth payment under the Palestinian Authority's 'Private Sector Reconstruction in Gaza' (PSRG) program, said an EU press release.

The Jordan Telecom group has said that all internet services in Amman have been restored following a major blackout
10:46 GMT

Following a major blackout in the Jordanian capital Amman, all internet services have been restored, according to the Jordan Telecom group.

Egypt's pound hit a record low against the dollar on Tuesday
09:44 GMT

The Egyptian pound, under severe pressure for months, hit a new against the dollar on Tuesday.

Apple has reported its first fall in profits for a decade
08:44 GMT

US-based tech giant Apple has reported its first quarterly drop in profits in a decade.