Main headlines

March 3, 2013

Gulf Air has officially notified staff of redundancies at the troubled airline
11:37 GMT

Bahrain's struggling flag-carrying airline, Gulf Air, has notified staff of compulsory redundancies, as part of its restructuring efforts.

Japan is to provide financial aid to several Middle Eastern nations to assist with "regional stability and democratic transformations"
11:18 GMT

Japan said on Saturday it will increase financial aid to North African and Middle Eastern countries, to help regional stability and democratic transformations.

The financing of terrorism is to be specifically outlawed in Morocco.
09:07 GMT

Morocco is to introduce a new banking law that will outlaw the financing of terrorism.

The Middle East will still play a pivotal role in providing oil to the global economy, a US think tank said
08:47 GMT

The Middle East will continue to play a “pivotal role” in supplying global markets with oil, even if the United States becomes self-sufficient in oil and gas production, as projected within a few years, U.S. think-tank the Atlantic Council said in a report.

Work on a much-delayed Iran-Pakistan gas pipeline will start on March 11, officials said on Friday
08:37 GMT

An Iranian-Pakistani consortium will start work next week on a much delayed $7.5 billion gas pipeline from Pakistan to Iran that has aroused strong US opposition, Pakistani officials said on Friday.

After 13 years of trying, Yemen is still pushing to join the World Trade Organisation
08:18 GMT

Yemen is pushing to join the World Trade Organisation, 13 years after first requesting to join the organisation which looks to oversee the liberalizing of global trade.

Saudi comapnies have reiterated their suport for further female employment in the Kingdom
07:01 GMT

Companies in Saudi Arabia, famously austere for female employment, have reiterated their support for giving more Saudi women jobs.

The US Secretary of State has said Egypt needs political consensus to help push through changes necessary an loan from the IMF
06:11 GMT

Political consensus is needed to ensure difficult economic reforms are passed so Egypt can secure a $4.8 billion loan from the IMF, according to the US' Secretary of State, John Kerry.

Egypt will soon be able to export strawberries to the USA
03:44 GMT

Egypt, the fourth largest producer of strawberries in the world, has been given the green light to export to the United States, according to a statement by the US embassy in Cairo on Thursday.

February 28, 2013

Egypt is to formally invite the IMF to discuss the much delayed $4.8 billion loan to the country
13:49 GMT

The government of Egypt is formally inviting the International Monetary Fund (IMF) to resume talks over a pending $4.8 billion loan agreement, Minister of Planning and International Cooperation Ashraf El-Arabi announced Thursday.

Khaled Al-Ghunaim
13:36 GMT

While Saudi Telecom Co's (STC) continues to explore “suitable” investment opportunities outside the kingdom, the Riyadh-based sees the more profitable local market as a priority, their CEO has said.

Sheikh Mohammed rings the bell at the Dubai Financial Market on Wednesday. (Image courtesy: WAM news agency)
13:15 GMT

Dubai’s Sheikh Mohammed bin Rashid al-Maktoum is determined to position the UAE in the world’s top economic ranking by hailing the country's Islamic finance credentials, according to a local report.

flydubai has launched a cargo service to the UAE
12:44 GMT

Low-cast airline flydubai has launched a cargo service to Russia.

Up for sale? Not on your nelly! Egypt denies plans to sell or rent historic sites to ease the budget deficit
12:00 GMT

Egypt’s government has no intention of renting or selling any of the country’s monuments, the cabinet’s official spokesman stated on Wednesday.

Iran and India should increase economic ties, India's President said on Wednesday
09:04 GMT

India’s President Pranab Mukherjee has said that his country and Iran must work together to further promote trade and economic links, according to the New Indian Express on Wednesday.