Main headlines

March 5, 2013

Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
07:22 GMT

Retail sales in Lebanon fell by 12 per cent in 2012 due to the political stalemate and ramifications of the Syrian crisis, the Beirut Traders Association-Fransabank Retail Index showed Monday.

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.
03:44 GMT

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.

March 4, 2013

Protesters have broken into an Iraqi oil field demanding jobs
12:36 GMT

Hundreds of protesters broke into Iraq's giant southern West Qurna-2 oilfield, early on Monday, sources from the field, police and the state-run Southern Oil Co. said.

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity
12:17 GMT

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity, according to sources.

Fuel prices will not increase in Egypt after new 'smart cards' have been introduced, misters have said
11:42 GMT

The government will not raise the prices of subsidised fuel even when rationing 'smart cards' are introduced, Osama Kamal, minister of petroleum told state-owned MENA news agency.

Oman is planning on increasing oil production  to 940,000 barrels per day day as domestic demand increase in the Sultanate.
11:17 GMT

Oman is planning on increasing oil production to 940,000 barrels per day day as domestic demand increase in the Sultanate.

The US announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.
08:53 GMT

The United States announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.

Royal Jordanian is diverting its flights from Amman to Beirut to avoid Syrian airspace
07:52 GMT

Royal Jordanian is diverting flights from Amman to Beirut away from Syrian airspace, as part of the airlines “commitment to the safety of its passengers and security of its operations".

The US is threatening Islamabad with sanctions of the Iran-Pakistan gas pipeline
07:40 GMT

The US media has warned that the Iran-Pakistan gas pipeline might lead to sanctions against Islamabad, although the State Department says sanctions will only become effective if Pakistan finalises the deal.

Egypt is hoping to secure an IMF deal before planned parliamentary elections in April
07:23 GMT

Egypt is hoping to secure the long-awaited $4.8 billion loan from the IMF before parliamentary elections planned for April.

Jordan is set to hand out the next round of cash support following the increase in the cost of fuel
06:21 GMT

Jordan announced on sunday that the government will be distributing the second payment of the cash support for fuel at the beginning of April.

Fears are growing over a locust invasion in Egypt (FIle Photo)
03:41 GMT

Swarms of locusts attacked El-Obour vegetable and fruit market in Cairo on Sunday morning, destroying the agricultural products, as fears grow of sustained damage from an invasion.

March 3, 2013

Gas exports to Libya has suspend gas exports to Italy following clashes near a gas facility in the north west of the country. (FIle Photo)
13:11 GMT

Libya has suspended gas exports to Italy following a series of clashes between local tribesmen and security forces.

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.