September 2, 2012
The Dh26.5 billion project will act as an economic gateway of trade for Abu Dhabi.
Hundreds of activists demonstrated near the Interior Ministry Circle, central Amman, demanding the government to reverse its decision to raise fuel prices.
Late Friday, authorities decided to raise the price of 90-octane gasoline from JD0.70 per litre to JD0.77, a 10 per cent rise, and the price of diesel from JD0.515 per litre to JD0.550. The price of 95-octane gas, which used to be sold at JD1 per litre, also went up by 1.5 per cent or 15 fils.
August 30, 2012
"Omani cement companies did well in the first half of this year due to increase in cement demand and diversion of UAE exports to other markets,” the report said.
Saudi Arabia and Egypt are going ahead with the proposed $ 3 billion causeway project that will boost economic and social relations between the two countries, said Egyptian Transport Minister Mohamed Rashad Al-Mateny.
Saudi Arabia will probably produce more oil than it supplies to the market in the fourth quarter, boosting a buildup in inventories, according to the Gulf Oil Review.
Tech giant Apple faces a three month wait in its efforts to pull eight Samsung products from the U.S. market after a judge scheduled a December hearing.
President of the Jordan Businessmen Association (JBA) Hamdi Tabaa on Wednesday discussed with Commercial Attache at the Egyptian Embassy in Amman Mohammad Abdullah, means of forging closer economic and trade relations between the two countries.
August 29, 2012
The Greater Amman Municipality’s (GAM) recent decision to clear street vendors from the capital’s major shopping districts was taken in response to public demands and to improve the city’s image, a GAM official said on Tuesday.
Non-oil growth is likely to continue at a below-trend pace of three to four per cent for the next couple of years, according to NBK’s latest GCC Outlook.
The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said yesterday.
With South Sudan now eligible to sign up to the IMF club and receive interest-free loans, will the fledgling country be a taker and arguably ultimately a loser?
Beirut-based private equity fund EuroMena II has invested $20 million in Sakson Petroleum Services Holding S.A.L., a Lebanese-registered provider of oil and natural gas drilling services based in Egypt.
August 28, 2012
Kuwait posted a record budget surplus of KD13.2 billion ($47 billion) in the fiscal year that ended March 31 as oil prices and output rose.
Saudi Arabian import financing posted a record first half as economic growth in the world's biggest oil exporter spurs demand for goods including building materials and cars.