Main headlines

November 6, 2012

Jebel Ali Free Zone.
10:40 GMT

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 Iraqi cabinet agreed to allocate $10 million in aid to Sudan as part of the 2013 draft budget
10:06 GMT

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.

Oil Refinery.
08:38 GMT

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.

Raw gold
03:00 GMT

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

Apple introduced the iPhone to the Mexican market in 2007
15:50 GMT

Tech giant Apple has reportedly lost a legal battle over the iPhone's name in Mexico.

About 32,000 cruise tourists were expected to visit the country
09:34 GMT

Bahrain's cruise season is officially launched on Friday when a German liner carrying 2,300 tourists docks at the Khalifa Bin Salman Port.

Former director of the General Intelligence Department Mohammad Dahabi.
09:13 GMT

The jury might still be out on former General Intelligence Department (GID) chief Mohammad Dahabi but a verdict has been promised for next week.

Chairman of the Boards of Governors Riad Salameh
08:15 GMT

To avoid inflation, the Lebanese are looking at upping taxes or paying salary increases in installments.

The decision was taken to address the rising budget deficit which has reached unprecedented levels
04:00 GMT

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

King Abdullah II of Jordan addresses Amman's ICT community
15:07 GMT

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.

Egypt's finance minister Momtaz El-Said (Photo: Al-Ahram)
13:12 GMT

As the IMF loan deal moves into the 'technical phase', fears start that the financial juggernaut will squeeze Egypt's economy.

iPad Mini.
11:45 GMT

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.

Both countries have also opened their economies for mutual investment and signed agreements for the liberalisation of visa regimes, especially for businessmen
10:53 GMT

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.

BLOM is one of the banks which maintained reasonable profits. (The Daily Star/Mahmoud Kheir)
08:46 GMT

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 has demanded that flag carrying airline Gulf Air  be recapitalised
09:25 GMT

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.