Main headlines

March 12, 2013

Jordan could receive the next round of IMF funding in April
03:04 GMT

The International Monetary Fund (IMF) on Monday announced it has reached a staff-level agreement with Jordan to conclude the first review under the Stand-By Arrangement (SBA), which could make a total of $385 million available to the Kingdom in April.

March 11, 2013

Dubai's glitzy towers tell the story of a spending haven for world's big spenders
13:23 GMT

Dubai scores high as a world's richest investors' paradise again, but China is leaps and bounds ahead of the game.

Graduates in the UAE prefer the public over the private sector when looking for their first job
13:17 GMT

New Emirati graduates overwhelmingly prefer to work in the public sector where salaries are substantially higher than at private firms.

Khalifa bin Salman Al Khalifa on a diplomatic visit to New Zealand (Getty Photo)
12:02 GMT

Bahrain says the project could employ 10,000 although details are yet to be published.

US Secretary of State John Kerry meets the Egyptian President Mohammed Morsi in March (AFP Photo)
11:16 GMT

US Ambassador signals faith in Egyptian economic prospects.

A new gas field has been discovered off the shore of Qatar (Getty Photo)
10:10 GMT

The offshore gas field was found after four years of intensive exploration

There will be no more Qatari support for the Egyptian economy, the finance minister said on Monday
08:57 GMT

After providing $5 billion in fiscal support to Egypt, Qatari Finance Minister says his country does not plan to give further aid to the struggling North African Nation.

Will the UAE be home to a fleet of 'civil' drones?
08:39 GMT

“Futuristic” Gulf cities, such as the UAE’s Dubai, are major targets for the civil unmanned aerial vehicle (UAV) – or drone, an industry expert revealed on Sunday.

Water plant workers in Jordan are continuing industrial action over pay and conditions
08:28 GMT

Jordan's water workers are continuing industrial action over pay conditions after halting pumping from water stations in the central region of the country.

The UAE's economy is the second largest in the Arab world, behind Saudi Arabia
08:13 GMT

The UAE maintained its position as the second largest Arab economy in 2012 after its gross domestic product (GDP) swelled by $23 billion in current prices, according to a US report.

Egypt has fallen to the lowest rank out of safety and security, a new survey reveals
03:00 GMT

Egypt has fallen to the lowest rank out of 140 countries evaluated in terms of safety and security just behind Pakistan, Chad and Yemen, in the World Economic Forum (WEF)'s Travel and Tourism (T&T) Competitiveness index.

March 10, 2013

Inflation in Egypt jumped in February, new statistics show
12:18 GMT

Inflation in Egypt has jumped to 8.7 per cent, year on year, according the the state statistics body.

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game
11:37 GMT

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game, the Financial Times reported this week.

Jordan spend $410 a year on subsidizing wheat and flour for bread, according to a government minister
10:50 GMT

Subsidies on wheat and barely cost Jordan $410 million a year, according to the country's industry and trade minister.

Public sector workers are gearing up for another rally over a proposed pay increase
10:21 GMT

Civil servants and public school teachers in Lebanon are gearing up for more demonstrations on Tuesday over the long-debated public sector pay scale.