Main headlines

April 14, 2013

Ratings agency Fitch saw Qatar's decision to provide Egypt with more financial aid  “as a positive sign of things to come”. (STR / AFP)
12:41 GMT

Global ratings agency Fitch Ratings called Qatar’s decision to provide Egypt with an additional $3bn in aid “as a positive sign of things to come”.

The Qatar Foundation is to sign a shirt sponsorship deal with Real Madrid
12:21 GMT

Dubai’s Emirates Airline plans to extend its links with Real Madrid football club with a shirt-sponsorship deal worth $33 million a year, according to a Spanish newspaper.


 Electricite du Liban is only cutting 'undocumented' spending, according to Lebanon's Finance Ministry
11:11 GMT

Lebanon's Finance Ministry said on Friday that cuts in the 2013 Electricite du Liban budget slashed undocumented spending and not any legitimate benefits for workers at the state-run electricity company.

A team from the IMF met opposition figures in Egypt on Saturday
10:27 GMT

A delegation from the International Monetary Fund met opposition figures Mohamed El Baradei and Hamdeen Sabbahi, as well as with representatives of the Salafi-oriented Nour Party on saturday, according to state-backed media.

As demand for oil eased, prices dropped
09:47 GMT

Global oil prices hit a nine-month low last week amid signs the demand is going to weaken amid signs that demand is beginning to weaken.

Jordan has released its second tranche of cash support as replacement for the fuel subsidy reductions.
08:13 GMT

Jordan has released its second tranche of cash support as replacement for the fuel subsidy reductions.

Lebanese trucks are being re-touted via Homs and Iran before reaching Jordan
03:19 GMT

Deteriorating security in Syria is forcing Lebanese truckers carrying regional exports to abandon the Damascus road altogether, crossing instead through Homs and Iraq before entering Jordan.

April 11, 2013

Jordan is continuing its crackdown on workplaces the flout labour law
14:37 GMT

Jordan's Labour Ministry is continuing its crackdown on business that break regulations, issuing 840 warnings and fining 1,500 companies.

Lebanon is planning to raise $1 billion through Eurobonds
14:24 GMT

Lebanon, rated B1/B/B, is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobond.

Egypt and Libya have finalized a $2 billion loan agreement
14:14 GMT

Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves.

Passenger numbers at  Rafik Hariri International Airport in Beirut grew by 17 per cent in March
11:46 GMT

The number of departing and arriving passengers at Rafik Hariri International Airport [Beirut, Lebanon] rose by 17 percent in March and 11 percent in the first quarter of this year, according to the Civil Aviation Authority.

Jordan and the IMF have a greed the second funding tranche for the country's beleaguered economy
11:25 GMT

The International Monetary Fund (IMF) executive council has agreed to dispense the second tranche of its loan agreement, worth $385 million.

Inflation in Egypt continues to creep up
10:47 GMT

Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent.

OPEC is expecting lower oil demand this year
10:13 GMT

OPEC yesterday trimmed its forecast for global growth in oil demand in 2013, the second global oil body to do so in a week.

An industry body has said tourism's direct contribution to the Lebanese economy would decline by this year
09:09 GMT

The World Travel & Tourism Council estimated the tourism industry’s direct contribution to the Lebanese economy would decline by 2.1 percent this year,