December 24, 2012
The Lebanese Cabinet will discuss a proposed public sector salary scale that has caused widespread industrial action across the country.
Prices of fuel oil will be gradually increased during the coming period in consultation with the concerned ministers, Egypt's Minister of Petroleum and Mineral Resources said on Sunday.
Yemen's government approved the state's general budget for 2013.
Egypt’s budget deficit increased to LE80.7 billion ($13 billion) during the first five months of the current fiscal year 2012/13, which starts in July, the Ministry of Finance reported on Sunday in a bulletin.
Hotel occupancy at Lebanon’s five-star hotels fell to 56 percent in the first 10 months of 2012 with rates particularly low since August, Ernst & Young’s monthly survey showed.
Iran is engaged in a "smart economic war" with Western powers whose sanctions against its nuclear programme are hurting some Iranians, President Mahmoud Ahmadinejad has said.
Bahrain is gearing up to host a meeting of top Gulf government ministers on Monday, which is set to focus on the Syrian crisis and regional military cooperation and economic unity.
The governor of the Egyptian Central Bank, Farouq El-Oqda, denied on Sunday reports of his resignation, describing them as falsified, state-run Arabic-language news website Al-Ahram reported.
December 23, 2012
The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.
The UAE's Foreign Ministry warned its citizens not to travel to Lebanon at this time unless necessary, the state run news agency reported.
The European Commission said yesterday that South Korea's Samsung Electronics was abusing its dominant market position in certain technologies when it took out injunctions against fierce rival Apple.
Germany’s Federal Minister of Economic Cooperation and Development Drik Niebel said Saturday his country would donate around $14 million to assist Syrian refugees in Lebanon.
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.
As fuel subsidies come into focus across the region, Bahrain is to review the spending on them, which are expected to cost the treasury BD1 billion ($2.637 billion) a year by 2014.
While Egypt's state television reported the resignation of Egypt Central Bank's governor Farouq El-Oqda, the cabinet denies the news