April 23, 2013
Lebanon has filed an official request to reduce transit transport fees with Iraq and Egypt, the National News Agency reported Monday, in a bid to cut export costs after major land export routes were brought to a halt by the ongoing violence in neighboring Syria.
April 22, 2013
Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed" sources.
Despite international sanctions over Iran's alleged nuclear ambitions, Tehran is looking to try and sell oil to North Korea.
Italian energy company Eni is keen to ensure the safety of a natural gas pipeline, which crosses Tunisia, Chief Executive Officer Paolo Scaroni said.
Twitter accounts operated by the U.S. broadcaster CBS have reportedly been hijacked by pro-Assad hackers, in the latest cyber-attack apparently launched by a group loyal to the Syrian government.
Lebanon's public sector workers have slammed reform plans that were introduced along with the controversial new salary scale.
The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.
Saudi Arabia has reiterated its commitment to the stability of the international oil market, a minister from the the oil-rich
The International Monetary Fund revised downward its projection for real gross domestic product growth in Lebanon to 2 percent in 2013, while the World Bank reduced its remittances estimate for the country last year.
Mexican business tycoon Carlos Slim, the world’s richest man, is planning to pump billions of dollars of investment into Saudi Arabia.
Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.
April 21, 2013
Lebanon successfully closed a $1.1 billion eurobond issue Thursday with 20 percent of the bond snapped up by foreign investors, the Finance Ministry said in a statement.
Air Arabia's passenger numbers hit new highs in the first quarter of this year.
Figures reveal that a major source of foreign currency revenue earned Egypt 12.3 percent less in March than previous year.
Reports that a Middle East Airlines aircraft was struck by lightning are false, according to a well placed source.