Main headlines

April 29, 2013

The UK is to help set up a specialized recovery team for Arab Spring related assets
10:37 GMT

Britain is to set up a special task-force to return stolen assets that belong to so-called 'Arab Spring' countries, according the country's Middle East affairs minister, Alistair Burt.

Egypt's chief negotiator with the IMF has quit, in a fresh blow to the long-running talk
09:25 GMT

Egypt's chief negotiator with the IMF, and the country's deputy finance minister, has quit.

Negotiations over Qatar's loan to Egypt are rumbling on
08:41 GMT

Qatar's loan to Egypt, in the form of bond-buying, is yet to materialize as negotiations continue over proposed interest rates.

The Association of Banks in Lebanon will comply with any sanctions imposed after two firms were accused of money laundering and financing Hezbollah
08:18 GMT

The Association of Banks in Lebanon said over the weekend it would comply with any sanctions imposed by the U.S. Treasury after two Lebanese money exchange houses were designated as a primary money-laundering concern.

Gold prices hit a one-week high in early trading
08:17 GMT

Gold prices today rose by more than 1 percent during early trading in Singapore, hovering near their highest in more than a week amid strong demand for bars, coins and nuggets.

Libya will start shipping oil to Egypt next month on soft credit terms
07:50 GMT

Libya will start shipping oil to Egypt next month on soft credit terms worth $1.2bn, two Libyan oil industry officials told Reuters.

Jordan has requested $200 million from Japan
07:40 GMT

Jordan has requested a further $200 million from Japan, in what would be the latest round of financing from the Asian nation.

Egypt is negotiating the interest rate on $3 billion worth of Egyptian bonds that Qatar agreed to purchase
03:55 GMT

Egypt is negotiating the interest rate on $3 billion worth of Egyptian treasury bonds that Qatar committed to buying earlier this month, Planning Minister Ashraf El-Araby has said in comments reported by state-owned Al-Ahram daily.

April 28, 2013

More oil has been discovered in Iraqi-Kurdistan
14:21 GMT

A rapid oil appraisal program is under way in the Kurdish region of Iraq following a successful test of a second well, Genel Energy said.

Iran is to export more gas to Turkey
13:25 GMT

Iranian Oil Minister Rostam Qasemi says Iran’s natural gas exports to Turkey will increase following the establishment of a planned joint pipeline.

Egypt's first no-alcohol hotel was opened in the touristic city of Hurghada on Saturday
13:01 GMT

Egypt's first no-alcohol hotel was opened in the touristic city of Hurghada on Saturday, with an entire floor for women only.

Boeing's 787 Dreamliner has re-entered commercial operations, to the relief of airlines across the MENA region
12:51 GMT

The Dreamliner aircraft has been cleared for take-off again, much to the relief of Middle East airlines who have ordered hundres of model.

Iraq has suspended ten satellite television channels for allegedly  "encouraging violence and sectarianism" after a wave of violence left hundreds dead (Getty)
12:41 GMT

Ten satellite television channels in Iraq have been suspended by the government for promoting sectarianism and violence, the country’s media watchdog said Sunday.

The price of Kuwaiti crude oil jumped to almost $100 a barrel in weekend trading.
10:25 GMT

The price of Kuwaiti crude oil jumped to almost $100 a barrel in weekend trading.

Lebanon's energy ministry has refused to comment a dip in power ship output
09:47 GMT

Lebanon's Energy Ministry and the Turkish company operating the electricity barge refrained for a third day from making a public statement explaining the sharp drop in electricity production by the ship.