November 6, 2012
Jebel Ali Free Zone, home to the largest port and free zone in the Middle East, contributes a fifth to Dubai’s Dh300.83 billion economy, a top official said on Monday.
The Sudanese government reached out to Iraq last summer in a bid to obtain financial assistance, after claiming their oil revenue had been largely lost to South Sudan since the split. Sudan put in for 100 million, only to be told that Iraq could meet a tenth of this sum.
The Ministry of Oil and Gas has floated tenders inviting bids from international oil firms for developing seven oil and gas blocks on production sharing basis.
Vote fails, gold gains and vice versa. To stay or to go? If Greece should leave the Eurozone, the gold market will reflect the exit.
November 5, 2012
Tech giant Apple has reportedly lost a legal battle over the iPhone's name in Mexico.
Bahrain's cruise season is officially launched on Friday when a German liner carrying 2,300 tourists docks at the Khalifa Bin Salman Port.
The jury might still be out on former General Intelligence Department (GID) chief Mohammad Dahabi but a verdict has been promised for next week.
To avoid inflation, the Lebanese are looking at upping taxes or paying salary increases in installments.
The government will not surprise the public with any decision to lift fuel subsidies which are burdening the state budget and raising indebtedness to unprecedented levels, Prime Minister Abdullah Ensour said.
November 4, 2012
HM King Abdullah II of Jordan Sunday, 4 November, held an open forum with the Kingdom's ICT figures to discuss ways to take the country's once-thriving hub back to the future. With royal backing, the sector was offered a new lease on a cyber climate hunkered down for crackdowns and censorship.
As the IMF loan deal moves into the 'technical phase', fears start that the financial juggernaut will squeeze Egypt's economy.
While the iPad 'light' comes at just over two thirds the size of the original, the shaved-off versions carries no reduction in price. Many online retailers have started selling the Apple’s newly launched 7.9-inch iPad Mini on the grey market but for a hefty premium in the UAE markets.
Companies involved in Halal products in Bahrain could be set to cash in on the historic agreement by India and Pakistan to open trade links for the first time in 16 years. Bahraini businesses could rake in profits from the re-galvanized trade-link between former enemy states.
Lebanon's banks are set to weather the storm of the economic slump, borrowing on the typical national spirit used to bouncing back from crises, says a bankers' forecast.
November 1, 2012
Bahrain’s ruler King Hamad bin Isa al Khalifa has issued a decree allocating BD185 million ($490.9 million) funding to support the ailing national airline Gulf Air, after a serious of troubling setbacks.