September 4, 2012
“On the economic side, it will be a disaster because the restaurants depend on nargileh for profits,” says spokesman for the group, Abdelrahman Bandakji, who owns the Petit Cafe chain of restaurants.
The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt.
September 3, 2012
The Capital Market Authority (CMA) of Suadi Arabia has warned all institutions who are not Authorised Persons authorised by the CMA or an Exempt Person under the Securities Business Regulations, against carrying out securities business in Saudi Arabia.
Authorities plan to introduce direct cash payments to deliver subsidies to targeted segments of Jordanians in next year’s state budget, a government official said Sunday.
The UAE is on track to expand its crude oil production capacity to 3 million barrels per day (mbpd) by the end of the year, two industry sources said.
The GCC banking sector continued to grow rapidly in the first half of 2012, according to QNB Group analysis.
The Syrian government is negotiating deals with firms in London, Singapore and the Middle East to sell crude oil in return for the fuel it needs to survive in the face of an increasingly bloody insurgency.
September 2, 2012
Britain's biggest technology investors have warned tech giant Apple not to risk completely ruining its relationship with Samsung following its sweeping victory in a copyright and patent infringement case.
A new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal login information for social networking sites.
The Dh26.5 billion project will act as an economic gateway of trade for Abu Dhabi.
Hundreds of activists demonstrated near the Interior Ministry Circle, central Amman, demanding the government to reverse its decision to raise fuel prices.
Late Friday, authorities decided to raise the price of 90-octane gasoline from JD0.70 per litre to JD0.77, a 10 per cent rise, and the price of diesel from JD0.515 per litre to JD0.550. The price of 95-octane gas, which used to be sold at JD1 per litre, also went up by 1.5 per cent or 15 fils.
August 30, 2012
"Omani cement companies did well in the first half of this year due to increase in cement demand and diversion of UAE exports to other markets,” the report said.
Saudi Arabia and Egypt are going ahead with the proposed $ 3 billion causeway project that will boost economic and social relations between the two countries, said Egyptian Transport Minister Mohamed Rashad Al-Mateny.
Saudi Arabia will probably produce more oil than it supplies to the market in the fourth quarter, boosting a buildup in inventories, according to the Gulf Oil Review.