Main headlines

April 7, 2013

A power ship loan to Lebanon is producing two hours of electricity (file photo)
07:48 GMT

A power ship loaned to Lebanon from Turkey is providing an extra two hours of electricity to the country, famously struggling with power-cuts.

Egypt's Net International Reserves (NIR) fell by around $84 million in March
03:10 GMT

Egypt's Net International Reserves (NIR) fell by around $84 million in March, the Central Bank of Egypt (CBE) has announced.

April 4, 2013

Eighty per cent of Arab banks are in a position to meet new international regulations, a banking chief has said
13:48 GMT

Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official.

Rosneft and ExxonMobil agreed to bid jointly in a tender for  Lebanon's offshore oil and gas
12:59 GMT

Rosneft, Russia's state-backed energy company, and the US-based ExxonMobil are to jointly bid for contracts on Lebanese offshore oil and gas.

Saudi Arabia has launched a clampdown on illegal workers in a bid to create more jobs for its citizens
12:25 GMT

Saudi Arabia has launched a clampdown on illegal workers in a bid to create more jobs for its citizens.

Libyan oil authorities are investigating the cause of blast that occurred on Tuesday night. (FIle Photo)
11:47 GMT

Libyan oil authorities, in coordination with foreign oil companies, are investigating the cause of blast that occurred on Tuesday night.

Arab countries need to pursue economic reform to strengthen their economies, according to the   head of the World Union of Arab Bankers
09:59 GMT

Arab countries must pursue economic and political reforms and improve their infrastructure in order to strengthen their economies, the head of the World Union of Arab Bankers said Wednesday.

Trading in Arab Bank helped push the Amman Stock Exchange to record highs on Wednesday
09:36 GMT

Trading volumes on the Amman Stock Exchange (ASE) hit a record level on Wednesday due to the internal transfer of Arab Bank shares held by Lebanon's Hariri family.

Egypt is expecting to sign an a deal with the IMF within weeks, according to state backed media
09:18 GMT

Egypt’s government expects an agreement on a $4.8 billion loan from the IMF within weeks, as protestors gathered in Cairo to oppose the deal.

Industry sources say fuel smuggling from Syria is harming Lebanon's industry
08:53 GMT

Up to a million liters of smuggled low-quality gasoline has been pouring into Lebanon from Syria on a daily basis since mid-March, industry sources claim.

Apple could unveil its new iPhone in the summer, according to reports
03:55 GMT

Apple is planning to begin production of a new iPhone similar in shape and size to its latest version, the Wall Street Journal reported yesterday.

April 3, 2013


The IMF could ask for further economic restructuring in Egypt
13:35 GMT

The International Monetary Fund (IMF) will suggest additional economic reforms as part of its conditions for granting Egypt a $4.8 billion loan, an IMF official told Ahram's Arabic news website on Tuesday.

The British defense secretary is in Libya trying to sell arms to the country after its decision to upgrade the military
13:15 GMT

The British Defence Minister arrived in Libya in an effort to boost arms sale to the country, just days after the post-revolution state announced plans to upgrade its military.

Qatar has prepared a world trade agreement ahead of the World Chambers Congress in Doha.
12:55 GMT

Qatar has prepared an extensive world trade agreement draft ahead of the World Chambers Congress in Doha.

Protests are planned against the loan Egypt is seeking from the IMF
10:34 GMT

The Socialist Popular Alliance Party will participate in Wednesday's protests against the loan Egypt is seeking from the International Monetary Fund (IMF).