April 17, 2013
GCC countries will soon pass a law regulating foreign labor in the Gulf countries, including returning to their home countries “marginal” and unskilled foreign workers, a Gulf official said.
Cyprus is due to withdraw restrictions on deposits as Lebanese are urged to deposit their savings in backs back at home.
Inflation in Saudi Arabia rose by 3.9 per cent in March compared to the same month the previous year
As protests increase in the run up to the Bahrain Gran Prix, new figures show that the race has generated $1.3 billion for the small island nation in the nine years since it first hosted the race.
Lebanese authorities are set to reimburse farmers and exporters for delayed subsidies, originally due to be paid in 2011.
Jordan and Iraq have signed an agreement on basic principles to build a pipeline to export crude oil from Basra to Aqaba.
The International Monetary Fund cut its 2013 growth forecast for the Egyptian economy to 2 percent in its April 2013 World Economic Outlook report, down from the 3 percent initially predicted last October.
April 16, 2013
The Gulf Cooperation Council (GCC) member states need to involve their private sectors in the activation of the customs union, said a GCC report issued on Monday.
Syria’s central bank set the exchange rate of the pound at $95.30 Monday, in a move aimed at propping up the country’s currency after it lost nearly half its value since the start of the ongoing conflict in 2011.
Major oil producers from the region, analysts say, would be closely watching the fast-dropping commodity prices on the international markets which saw the benchmark Brent crude fall to near $101 a barrel yesterday.
Bank employees in Lebanon vowed Monday to stage fresh protests and sit-ins on April 28 to press their demand for the renewal of a 2008 collective labor agreement.
Egypt's unemployment rate for 2012 grew to 12.7 percent, mainly due to the "circumstances that followed the January 25 Revolution," the country's official statistics agency, CAPMAS, said on Tuesday.
Jordan is to launch a crackdown on illegal workers in the country.
Saudi Prince AlWaleed Bin Talal topped the 100-person richest Arabs list, according to Forbes, as former Lebanese PM Najib Mikati comes in it at 8th.
A team from the International Monetary Fund concluded a two week visit to Egypt on Monday without signing a deal on a much-anticipated $4.8 billion loan, but the international lender said progress with Egypt was achieved.