Main headlines

March 13, 2013

Egypt has refused emergency credit from the IMF
03:33 GMT

Egypt will not accept an emergency loan from the International Monetary Fund (IMF), Minister of Finance El-Morsi El-Sayed Hegazy announced during a press conference on Tuesday.

March 12, 2013

Dubai continues its rebound from the financial crisis with deluxe property boom
13:22 GMT

Dubai is keeping it deluxe as villas shot up in value by 20 percent last year, signaling that the local market is rebounding since the financial crisis pinched the property sector.

The US support Lebanon's plans for offshore oil explorations
12:44 GMT

The United States supports Lebanon’s efforts to move forward on oil exploration, Lebanese Energy Minister said on Tuesday.

A World Bank report says that Israel is continuing to harm the Palestinian economy
11:35 GMT

Israel's system of checkpoints and restrictions in the occupied West Bank inflicts long-term damage on Palestinians' ability to compete in the global market, the World Bank said in a report on Tuesday

Iran and Pakistan have launched a bilateral gas pipeline, despite US concerns
11:25 GMT

Iranian media announced Monday that Pakistani President Asif Ali Zardari arrived on the border to launch the construction of a bilateral gas pipeline, despite strong US opposition.

Egypt's tourist industry is reeling after years of political unrest (Photo Getty)
10:51 GMT

The CST has reacted with alarm to the prosecutor-general's call for Egyptians to make citizens' arrests, citing tourist fears.

Domestic workers in Jordan are to have their working hours reduced
09:47 GMT

Domestic workers in Jordan have had their working hours reduced, from 10 to eight hours, the Labour Ministry announced yesterday.

Businessman and prominent leader of the Muslim Brotherhood, engineer Khairat al-Shater Is looking at starting an airline.
08:49 GMT

Businessman and prominent leader of the Muslim Brotherhood, engineer Khairat al-Shater, has begun investing in the aviation in recent weeks.

The Libyan economy grew by 100 per cent last year according to the IMF
08:35 GMT

According to the International Monetary Fund, IMF, Libya's economy grew more than 100 percent last year as its economy continues to recover from the 2011 Revolution that ousted the dictatorial regime of Muammar Gaddafi.

Al Jazeera are looking at buying the former NYT offices in New York
07:23 GMT

Al Jazeera is on the hunt for a bigger HQ in New York, after paying $500 million for a small TV network in a bid to boost its U.S. presence.

Jordan could receive the next round of IMF funding in April
03:04 GMT

The International Monetary Fund (IMF) on Monday announced it has reached a staff-level agreement with Jordan to conclude the first review under the Stand-By Arrangement (SBA), which could make a total of $385 million available to the Kingdom in April.

March 11, 2013

Dubai's glitzy towers tell the story of a spending haven for world's big spenders
13:23 GMT

Dubai scores high as a world's richest investors' paradise again, but China is leaps and bounds ahead of the game.

Graduates in the UAE prefer the public over the private sector when looking for their first job
13:17 GMT

New Emirati graduates overwhelmingly prefer to work in the public sector where salaries are substantially higher than at private firms.

Khalifa bin Salman Al Khalifa on a diplomatic visit to New Zealand (Getty Photo)
12:02 GMT

Bahrain says the project could employ 10,000 although details are yet to be published.

US Secretary of State John Kerry meets the Egyptian President Mohammed Morsi in March (AFP Photo)
11:16 GMT

US Ambassador signals faith in Egyptian economic prospects.