Main headlines

April 11, 2013

Jordan and the IMF have a greed the second funding tranche for the country's beleaguered economy
11:25 GMT

The International Monetary Fund (IMF) executive council has agreed to dispense the second tranche of its loan agreement, worth $385 million.

Inflation in Egypt continues to creep up
10:47 GMT

Egypt's monthly inflation rate was once again on the rise in March, increasing by 0.8 percent to 8.2 percent.

OPEC is expecting lower oil demand this year
10:13 GMT

OPEC yesterday trimmed its forecast for global growth in oil demand in 2013, the second global oil body to do so in a week.

An industry body has said tourism's direct contribution to the Lebanese economy would decline by this year
09:09 GMT

The World Travel & Tourism Council estimated the tourism industry’s direct contribution to the Lebanese economy would decline by 2.1 percent this year,

Kuwait will finance development projects worth $1.3 billion in Bahrain
08:47 GMT

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.

Gas prices in Lebanon are continuing their downward trent.
05:06 GMT

Gas prices in Lebanon are continuing their downward trent.

April 10, 2013

Qatar is to provide $3 billion  to cash-strapped Egypt
12:46 GMT

Qatar will extend $3 billion to Egypt in the coming days, the Qatari prime minister announced on Wednesday

Egypt and Qatar could be close to signing a crucial natural gas link-up
12:26 GMT

Egypt might finalize a deal to import natural gas from Qatar during a visit by Prime Minister Hesham Qandil, according to Egyptian Planning and International Cooperation Minister Ashraf al-Araby.

Abu Dhabi's inflation remained at a steady 1.1 per cent in the first quater of 2013
12:09 GMT

The consumer price inflation rate in the emirate of Abu Dhabi was 1 per cent in March, while the inflation rate during the first quarter of 2013 was 1.1 per cent, new statistics show.

Jordan's authorities expect the demand for food commodities during Ramadan this year
11:10 GMT

Jordan's authorities expect the demand for food commodities during Ramadan this year to exceed levels of previous years.

The UAE's so-called Skype 'ban' still stands according to the telecoms authority
10:47 GMT

After much talk of the possible lifting of the 'ban' on Skype in the UAE, the country's telecoms authority announced no change in the

Consumer confidence in Lebanon dropped to new record low levels in the second half of 2012
09:44 GMT

Consumer confidence in Lebanon hit near record lows in the second half of 2012, new research suggests.

Parts of Egypt's new sukuk law a incompatible with Shari'a law, a leading scholar has said
09:22 GMT

Some articles of Egypt's recently approved sukuk law are “definitely incompatible with Islamic Shari’a law”, said Abdallah Al-Naggar, a member of the Al-Azhar Council of Senior Scholars.

Electricite du Liban workers  are planning industrial action
09:00 GMT

Electricite du Liban workers in Lebanon are planning industrial action over changes to the company's new budget.

Jordan’s olive oil production saw an 11 per cent increase in 2012
03:22 GMT

Jordan’s olive oil production saw an 11 per cent increase in 2012, according to official figures released on Tuesday.