Main headlines

February 24, 2013

Iranian President Mahmoud Ahmadinejad
11:30 GMT

Coming out of denial, Iran's President admits to facing economic difficulties in a rare televised acknowledgement.

Political instability hurts the Egyptian gas industry
04:00 GMT

Russia's largest independent natural gas producer, Novatek, decided to exit the Egyptian market and end its production activities due to the country's political instability and the deteriorating security conditions, says Anatoliy Chomachka, a diplomatic representative at the Russian embassy in Cairo.

February 21, 2013

Google has revealed the details of its innovative 'Project Glass' wearable computer.
11:21 GMT

Google has revealed for the first time what view users will get through its 'Project Glass' wearable computer.

Israel has awarded its first license to drill for oil in the occupied Golan Heights
11:14 GMT

Israel has awarded its first license to drill for oil on the occupied Golan Heights to a US energy company, industry sources said on Thursday.

New electricity meter are being installed across Yemen
10:53 GMT

Yemen’s Ministry of Electricity started installing new prepaid electricity meters for residents last week, as well as government institutions, as an alternative for old meters where customers were billed later.

Trade between India and Qatar is booming, increasing by $1.2 billion between 2005 and 2012
10:04 GMT

Trade between Qatar and India is booming, increasing by $1.2 billion between 2005 and 2012.

Jordan plans to launch its first private sector renewable energy initiative
09:05 GMT

Jordan's Energy Minister on Wednesday unveiled plans for the country’s first private sector renewable energy projects as part of efforts to ease the Kingdom’s ongoing energy crunch.

Lebanon's Central Bank boss said yesterday that it has sold $2.2 billion of sovereign Eurobonds
08:23 GMT

Lebanon's Central Bank has sold $2.2 billion of sovereign Eurobonds, the Governor Riad Salemeh said yesterday.

Jordan's sole producer of postash denies reports that it is considering importing Israeli gas
08:06 GMT

Jordan’s sole potash producer on Wednesday denied that the company was in talks with Israeli firms on importing natural gas.

Egypt, the world largest importer of wheat, has enough supplies to last 126 days, the Cabinet announced on Wednesday.
04:00 GMT

Egypt, the world largest importer of wheat, has enough supplies to last 126 days, the Cabinet announced on Wednesday.

Dubai has no plans to privatise key utilities, according to the head of DEWA
04:00 GMT

The Dubai government has no intention to privatise the electricity and water sector, Shaikh Hamdan Bin Rashid Al Maktoum, President of Dubai Electricity and Water Authority (Dewa), told the media on Tuesday.

February 20, 2013

The Palestinian Authority announced on Tuesday that it will pay January's waged within the next two days
12:52 GMT

The Palestinian Authority announced on Tuesday that it will pay its employees part of the January salary in the next two days, according to a cabinet statement issued after its weekly meeting.

Nominal GCC GDP is to hit a record high, according to a leading regional expert
12:03 GMT

The nominal gross domestic product (GDP) of Gulf region reached a new record high of $1.56 trillion in 2012, up from $1.44 trillion the previous year on the back of resilient oil prices and record exports, said a leading economist.

Saudi Arabia’s gross domestic product grew by 31 per cent in 2011, according to a new report
11:52 GMT

Saudi Arabia’s gross domestic product at current prices increased by a massive 31 per cent, according to new statistic released yesterday.

Apple was targeted by the same hacking group that attacked Facebook last week
10:54 GMT

Tech giant Apple has said its computers were attacked by the same hackers that targeted Facebook last week.