August 28, 2012
Iran indicated yesterday it might allow diplomats visiting Tehran for this week's Non-Aligned Movement (NAM) summit to go to the Parchin military base, which UN nuclear experts say may have been used for nuclear-related explosives tests.
August 27, 2012
Arab Bank has appointed Sabih al-Masri to take over as Chairman, following the departure of Abdel Hamid Shoman earlier this month
The Cabinet is set to convene at the Grand Serail with 52 items on its agenda, the most anticipated of which is a recommendation that would help establish Lebanon’s official maritime borders.
The government is facing a dilemma on meeting budget requirements given the lack of parliament sessions, while an ordinance to approve a new budget cannot be passed before the 2009 parliament is dissolved.
Oman government is set to award two onshore oil and gas blocks for exploration to international oil firms in the Southern Dhofar region next month.
The GCC will record high growth but other Arab economies remain uncertain.
August 26, 2012
TEHRAN (FNA)- Two batches of rial denominated bonds, each worth 5,000 billion rials (almost 400 million dollars), will be issued in next two months, an Iranian deputy oil minister announced.
Among the Gulf Cooperation Council (GCC) economies, Saudi Arabia can be seen as the most aggressive with respect to investments in the power sector, according to a study by Kuwait Financial Centre (Markaz).
Industrial exports fell by 5 percent year-on-year to $1.54 billion in the first half of 2012, as international demand for Lebanese products continued to be affected by weak economic conditions in Europe...
The 40 richest people on the planet lost a combined $3.7 billion this week as global stocks declined.
Jordan Industrial Estates Corporation (JIEC) and a Lebanese investor on Saturday signed an agreement to establish a factory specialised in plastic industries at Al Muwaqqar Industrial Estate at a cost of JD5 million.
August 23, 2012
Gold surged to a 16-week high of $1,667 and silver passed $30 an ounce as speculation mounted about a new stimulus package from the Federal Reserve and the prospect of similar actions by all the global central banks this autumn.
Abu Dhabi shares rose for a ninth day, the longest stretch of gains since March, after earnings at the emirate's companies beat estimates and oil traded near a three-month high.
Kuwait’s Wataniya rose to a two-month high yesterday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.
Lebanon’s fuel prices are set to skyrocket as oil prices continue to climb in international markets, the head of the Oil Importers Association said.