November 21, 2012
With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.
Egypt came sixth in the list of developing countries that receive remittances according to a World Bank and Development brief released on Wednesday, with an estimated $18 billion in migrant transfers.
Gulf states are looking at ways to help Jordan’s ailing economy after a decision to cut fuel subsidies sent energy prices soaring and led to street protests.
Gasoline and fuel prices in Lebanon continued to decline Wednesday, falling by LL500, according to the country’s Energy and Water Resources Ministry.
Oman has requested the sale of $96 million worth of guided missiles from the United States, the Defense Security Cooperation Agency (DSCA) said.
Egypt stocks slipped slightly on Monday, although news of an initial agreement between Egypt and the International Monetary Fund over a proposed $4.8 billion loan agreement cushioned what might have been a much more severe drop.
The Prime Minister of cash-strapped Italy yesterday used a visit to the UAE to call for firms from both countries to step up their efforts to find investment opportunities.
Following the Jordanian governments decision to lift subsidies on fuel products, demand for petroleum products has dropped sharply over the last few days, according to the Gas Station Owners Association.
The United Arab Emirates has stressed the keenness to actively participate in supporting regional and international efforts to combat acts of piracy and armed robbery against ships.
November 20, 2012
Egypt has reached an initial agreement with the International Monetary Fund's technical team, currently visiting Cairo, for a $4.8 billion loan, Egyptian Planning and International Cooperation Minister Ashraf El-Arabi announced Tuesday.
Iraq and South Africa have signed a trade deal that will explore increasing cooperation between the two countries, including improving visa difficulties and enhancing Iraqi infrastructure.
Remittances from expatriates to Jordan have increased 5.5 per cent to $3.1 billion, in what could be seen as Jordanian's who living abroad trying to help their families more as the cost of living increases in the Kingdom.
As the Gaza conflict unfolds US Secretary of State Hillary Rodham Clinton has started talks with stake holders in Middle East. United Nations Secretary Ban Ki-moon is also expected to reach Israel Tuesday, causing a flurry of activity in the oil markets.
Iranian President Mahmoud Ahmadinejad telephoned Pakistani President Asif Ali Zardari on Monday and discussed bilateral relations as well as matters related to the forthcoming summit of the countries of the D-8 group in Islamabad.
The Sharjah Electricity and Water Authority (Sewa) has urged the public to store enough water ahead of an expected disruption to the water supply next week.