Main headlines

February 12, 2013

Saudia Arabia's King has appointed a new boss of the Kingdoms's Higher Economic Council
08:57 GMT

King Abdullah bin Abdulaziz, of Saudi Arabia, appointed on Monday Majid Abdullah al-Moneef as the new Secretary General of the Saudi High Economic Council.

Is Black Beauty in your dinner? Lebanon pulls potential horse meat dishes off the shelves
08:36 GMT

The Lebanese firm that imports European frozen food meals found to contain horsemeat said Monday that the mislabeled “beef” products have been pulled from local supermarket shelves.

Following the Arab Spring, countries are increasing their investment in the UAE, according to the Emirate's PM
08:03 GMT

The UAE has attracted about $8.2 billion in 2012 as direct foreign investment from Arab Spring countries, Sheikh Mohammad Bin Rashid Al-Maktoum, Prime Minister of the UAE, said on Monday.

Egypt's economic reform measures must be in line with "political imperatives" to resume talks, according to the IMF
03:00 GMT

The International Monetary Fund will resume talks with Egypt over a proposed $4.8 billion loan once Cairo ensures it that recent economic reform measures are in line with Egyptian "political imperatives".

February 11, 2013

Investment Corporation of Dubai (ICD) is in talks over potential refinancing agreements, according to Reuters
12:30 GMT

Investment Corporation of Dubai (ICD) is reportedly in talks with banks over a $2 billion loan it is scheduled to repay in August, with refinancing the most likely option.

Egypt is about to face the spectra of a major locust infestation, according to the Ministry of Agriculture
12:05 GMT

Egypt's southeast is currently facing the spectre of a major locust infestation following recent heavy rainfall and the start of a new breeding season.

Lebanon's Prime Minister has ruled out any increase in VAT ahead of Cabinet meetings to discuss the economy
11:46 GMT

Lebanon's Prime Minister, Najib Mikati, ruled out any increase in Value Added Tax, in remarks published ahead of talks aimed at increasing government revenue.

Jordan is preparing to hold a World Economic Forum meetin on the MENA region at the Dead Sea
11:15 GMT

Jordan is preparing to host the World Economic Forum meeting on the Middle East and North Africa, according to a statement yesterday.

Auditing firm PricewaterhouseCoopers is to help deal with unpaid Libyan hospital bills in Jordan
10:59 GMT

PricewaterhouseCoopers (PwC) is to deal with unpaid hospital bills by Libya, who sent rebels for treatment in Jordan during the revolution that ousted Gaddafi.

Early trading on the Kuwaiti Stock Exchange saw shares rise
09:36 GMT

The Kuwait Stock Exchange started Monday trading on a positive note.

Egyptian stocks looked upbeat depsite planned rallies in the days ahead
09:09 GMT

Egyptian stocks rose slightly on Sunday, with net buying on the part of Arab and foreign investors shoring up an otherwise skittish market.

After several delays, Blackberry just launched its new phone in the UAE yesterday
08:58 GMT

BlackBerry’s latest smartphone, the Z10, was finally launched in the UAE on Sunday night after a day of “will-it-or-won’t-it” speculation.

Egypt is set to ask the IMF for assistance in rebuilding its railways after a series of deadly rail crashes
08:52 GMT

Egypt will ask the World Bank for a series of financial aid packages aimed at improving the national railway system, Prime Minister Hisham Qandil announced on his official Facebook page on Saturday.

Strikes are crippling the Ain Sokhna port in Egypt
03:00 GMT

Operations at Egypt's Ain Sokhna seaport have been paralysed due to ongoing labour unrest, which has forced a number of incoming cargo ships to head to alternative ports both inside and outside of the country.

February 10, 2013

Healthcare workers in Palestine are to take industrial action over the non-payment of wages
12:52 GMT

Health sector workers in Palestine are to take industrial action next week over the delay in the payment of salaries.