Main headlines

February 11, 2013

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.

Iraq's finance committee  has been discussing amendments to the country's 2013 budget plans
12:27 GMT

Iraq's Finance Committee discussed amendments to the 2013 budget , according to a statement issued to the country;s House of Representatives.

Inflation in Egypt is creeping up as the pound weakens
11:52 GMT

Egypt’s consumer price index (CPI) rose by 6.6 per cent in January, year-on-year. A hike in the cost of cigarettes, electricity and vegetables drove the increase, the state-run statistics body CAPMAS reveals on Sunday.

The trial of Hosni Mubarak's sons on corruption charges has been postponed
11:33 GMT

Egypt's South Cairo Criminal Court postponed the trial of Alaa Mubarak, Gamal Mubarak, and seven other defendants , on charges of corruption to 10 March.

Iran is "optimistic" over the new round of nuclear talks, according to the country's ambassador to the IAEA
10:56 GMT

Iran's ambassador to the International Atomic Energy Agency said on Saturday that he is "optimistic" about a new round of nuclear talks, scheduled for later this month.

Japan is offering a $3 billion credit line to the Abu Dhabi National Oil Company
07:45 GMT

Japan will reportedly give a $3 billion loan to Abu Dhabi National Oil Co (ADNOC) to help boost the oil developer's upstream business and strengthen bilateral relations.

Power cuts in Beirut could soon be a thing of the past as the country readies itself for power-generating ships
07:32 GMT

Lebanon is preparing for the arrival of the the first of two power-generating ships it is leasing from Turkey in an effort to halt electrical blackouts in the Cedar country.