October 7, 2012
Christine Legarde has sung the praises of Gulf arab countries and their management of oil prices and reserves at a conference with senior GCC officials.
Kuwait has transfered $250 million to the Central Bank of Jordan (CBJ), as the first tranche of GCC support for the Kingdom this year.
October 4, 2012
The Tunisian government has announced that in their push to boost the 3G and mobile markets, they will break up the country’s fixed-line monopoly to promote diversification and competition.
The Central Bank of Kuwait has taken measures to increase liquidity in the banking sector as inflationary pressures remain.
New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking market, said an international rating agency in a statement
The economy of Palestine took another blow on Thursday as the Quantity of Industrial Production Index (IPI) registered a decrease of 6.25 per cent in manufacturing output.
As the sluggish growth of the Chinese and US economies mixed with the Eurozone and Middle East tensions attest, the global economy is facing another six years of turmoil, according the IMF.
A top level Spanish delegation headed by Prime Minister Mariano Rajoy held talks with Moroccan officials in Rabat on Wednesday. Despite their historic political differences, the two countries
As the Iranian economy falters with the rial nosediving to record levels against the dollar, and protests erupting in the capital Tehran, U.S. Secretary of State Hillary Clinton has said that that sanctions on Iran could be " remedied in short order" if the Republic works sincerely to deal with its alleged nuclear programme.
The Egyptian government is in negotiation with the World Bank that would results in the privatisation and restructuring of the public sector as the Bretton Woods institutions seek to reorganise the the post-Arab spring economy.
The Egyptian stock exchange regained some ground, after positive news from the CEntral Bank of Egypt and the US government.
Fuel in Lebanon has decreased, as the Water and Energy minister set a ceiling price for petroleum derivatives in Lebanese markets.
October 3, 2012
Protests have erupted in Tehran over the plummeting value of the the rial after police moved in to close down money-exchangers in the capital.
The Lebanese economy is financially solid, despite concerns over the conflict in Syria, according to HSBC.
The Al-Quds Index of the Palestine Exchange (PEX) closed Wednesday’s trading at 435.82 points, a decrease by 0.74 points (0.17%) compared to Tuesday’s trading, according to the PEX daily report.