Main headlines

January 10, 2013

Turkey and Libya could increase energy ties, despite problems with Libyan output
11:51 GMT

Turkey wants a stronger energy relationship with the Libyan government, the visiting Turkish energy minister said during talks in Tripoli.

Workers at the Central Bank of Yemen are on strike over wage reforms
11:36 GMT

Employees at the Central Bank of Yemen initiated a partial strike this week, calling for a restructuring of their wage package

Inflation in Egypt accelerated to 4.7 per cent, in more worrying news for the Central Bank.
11:22 GMT

Egypt's annual inflation in December accelerated to 4.7 per cent, a slight growth over the preceding months, data from the official statistics agency showed on Thursday.

Transportation workers in the West Bank held a one day strike yesterday
09:47 GMT

Drivers of public transportation sector in the West Bank went on a one-day strike Wednesday to protest government failure to meet their demands paralyzing as a result life across the West Bank.

A strike by electrical workers in Lebanon coupled with poor weather is causing more blackouts than usual
09:23 GMT

Lebanon is sinking into darkness, warned Electricite Du Liban Wednesday, reporting scores of additional failures across the country as ongoing strikes delayed repairs.

Jordan's next government will tackle the difficult issue of raising the cost of electricity
08:48 GMT

The caretaker Cabinet in Jordan has decided to leave any changes in electricity rates to the next government, energy officials said, warning that a combination of price hikes and power cuts are likely in order to avert a deeper energy crisis.

Former Egyptian PM has urged the government to reduce spending instead of asking citizens to tighten their belts
08:42 GMT

Egypt's Former prime minister Ali Lotfi urged on Wednesday the government to cut down on its expenditures instead of calling on the public to tighten the belt.

Report suggest that Iran is planning on building a new gas plant at the cost of $1.6 billion
04:00 GMT

Iran will construct its first natural gas refinery which is costed at 1.6 billion U.S. dollars, Tehran Times daily reported Wednesday.

January 9, 2013

Strike action by electrical workers in Lebanon  could further exacerbate weather related power cuts
12:42 GMT

A strike in Lebanon by Electricite du Liban’s workers has further exacerbated the electricity crisis in the country as repairs on aging power plants came to a halt Tuesday.

Bahrain's state-backed oil company reached a new milestone in oil production
12:20 GMT

Bahrain Petroleum (Bapco) refinery's crude run last year exceeded its annual business plan by 1.83 million barrels a year, having achieved a 262,400 barrels per day production record.

The UAE has no plans to alter strict new mortgage laws, according to sources quoted by a local daily paper
11:48 GMT

The UAEs central bank will likely not revise its new rules curbing mortgage credit to prevent speculation that could lead to a fresh real estate crisis.

Iraq oil production dipped in December
11:38 GMT

Iraqi oil exports fell from a post-1990 record in November to around 2.3 million barrels per day for December, government records indicate.

Jordan has been briefing Morocco on how to reduce subsidies
11:29 GMT

Jordan is offering advice to Morocco on how to reduce spending on state subsidies, something which the Hashemite Kingdom did in November 2013.

Lebanon's gas prices are continuing to rise
08:44 GMT

Gasoline prices in Lebanon continued to creep up, the sixth week of consecutive growth, weekly figures show.

The Egyptian stock market responded well to the new IMF talks
08:08 GMT

The local [Egyptian] stock exchange saw healthy gains on Tuesday as Egypt concluded yet another round of talks with the International Monetary Fund (IMF).