Main headlines

March 28, 2013

Credit-rating agency Moody's downgrades local-currency deposit rating of five Egyptian banks.
03:45 GMT

Credit-rating agency Moody's downgrades local-currency deposit rating of five Egyptian banks.

March 27, 2013

Internet services in Egypt are being disrupted due to a damaged underwater cable
12:32 GMT

Internet services in Egypt have been disrupted by damage to an undersea cable.

The Arab Summit expressed its support for Libyan asset recovery in its final communiqué
12:05 GMT

The Arab Summit has confirmed in its final communiqué that it supports the Libyan government quest to retrieve stolen assets that are estimated at hundreds of billions of Dollars.

Property prices in Cairo’s two large satellite cities are booming amid wider economic turmoil and Egypt's ongoing battle with high inflation.
11:49 GMT

Property prices in Cairo’s two large satellite cities rose by 8 percent at the beginning of 2013, amid wider economic turmoil and Egypt's ongoing battle with high inflation.

The Lebanese Central Bank has taken the necessary measures to maintain the stability of local lenders, according to Governor Riad Salameh.
10:07 GMT

The Lebanese Central Bank has taken the necessary measures to maintain the stability of local lenders, according to Governor Riad Salameh.

A reintroduction of a tax on hotels in Jordan will harm the industry, the country's trade association warned on Tuesday
09:39 GMT

The Jordanian government's plan to reintroduce a 16 per cent accommodation tax on the Kingdom’s hotels will negatively impact the country’s tourism sector, the Jordan Hotels Association (JHA) warned on Tuesday.

Qatar has called for a  $1 billion fund to help Palestinians in East Jerusalem
09:07 GMT

Qatar on Tuesday called for the setting up of a $1 billion fund to help Palestinians in occupied Jerusalem.

The IMF's Middle East and North Africa director has said subsidies are not the best way to help the poor
08:34 GMT

Masood Ahmed, director of the International Monetary Fund's (IMF) Middle East and Central Asia Department, advocates cutting energy subsidies in the region, arguing that it is costly and inefficient in helping the poor.

Israel is set to transfer taxes to Palestine following a decision to halt payments last year (Photo for illustrative purposes)
07:18 GMT

Israel is to resume the transfer of tariffs and tax monies it collects on behalf of the Palestinian Authority, which were frozen last year as punishment for the UN bid.

A truck ferry route between Jordan and Lebanon launched this week after the trade route between Syria and Lebanon was closed
06:34 GMT

A truck ferry route to Jordan was launched this week almost days after Lebanon’s major transit route through Syria came to a complete halt.

The emir of Qatar called on more economic support for 'Arab Spring' economies at the opening of the Arab league summit
03:05 GMT

Qatari Emir Hamad bin Khalifa Al-Thani calls on Arabs to support 'Arab Spring' countries, especially Egypt, during speech at opening of Arab League summit.

March 26, 2013

Dubai Courts
12:30 GMT

The convicted former CEO's case has been referred to a panel of financial experts, after complaints from the defence team.

Man uses camera (Gulf News Photo)
10:39 GMT

It's a technology geek's paradise at the Dubai World Trade Centre this April.

National Bank of Egypt in Cairo
09:16 GMT

Senior Libyan official denies reports of a $2 billion transfer to Egypt's central bank

A hotel in Tunisia
08:44 GMT

The North African country is faring better than Egypt, which has seen tourist numbers evaporate