Main headlines

February 14, 2013

Tourism in Tunisia is taking a hit after the assassination of opposition leader Chokri Belaid
11:29 GMT

Security concerns are taking a toll on Tunisia tourism, Investir en Tunisie reported on Tuesday

Lowered interest rates could be a good sign for Yemen's economy, experts say
10:58 GMT

Yemeni Central Bank’s interest rates on certificates of deposits (CDs) have reached an unprecedented low of 15 percent this week.

Lebanon's Prime Minister, Najib Mikati, will send proposed pay rises for public sector workers to parliament next week
10:33 GMT

Lebanon's Prime Minister, Najib Mikati, intends to send the controversial salary scale package to Parliament for approval next week as the Union Coordination Committee prepares to stage an open-ended strike on Feb. 19 if the Cabinet fails to give them higher wages.

Egypt's economy needs $100 billion to recover, according to Amr Moussa, head of the Conference Party
08:50 GMT

Egypt’s economy requires $100 billion to recover, $120 million of which are needed immediately, according to Amr Moussa, head of the Conference Party and member of the National Salvation Front said on Wednesday.

Plans to allow foreign ownership of businesses in the UAE has hit the rocks after a government plan was rejected
08:40 GMT

A government body in the UAE has rejected draft legislation that would have eased tight controls on foreign ownership of companies, with members citing security fears and threats to local businesses.

Monthly revenue from Egypt's Suez Canal declined in January, with experts blaming political violence in port cities
04:00 GMT

Monthly revenue from Egypt's Suez Canal declined by 4.6 per cent in January, with experts attributing the drop to political violence in canal cities.

February 13, 2013

Flydubai posted its first full year profits today is also looking at expanding its fleet
12:55 GMT

Budget carrier flydubai, which posted its first full year profit on Wednesday, is in talks with Boeing and Airbus for a 50-plane order, the airline's chairman said on Wednesday.

Oman launched a new system to promote safety in the oil and gas industry yesterday
12:36 GMT

A new high-tech system to promote safe rigging practices in Oman's oil and gas industry was launched on Monday.

The Islamic Development Bank signed off on financing packages totalling $450 million
12:01 GMT

The Islamic Development Bank (IDB) approved $450.8 million towards financing new development projects in member countries as well as Muslim communities in non-member countries.

Bahrain's economy is forecast to grow by more than six per cent this year, according to experts.
11:47 GMT

Despite continued unrest in the small island nation, Bahrain's economy is forecast to grow by more than six per cent this year, say experts.

Oil output in Iran dropped dramatically in 2012 due to sanctions, according to the IEA.
11:02 GMT

Sanctions on Iran caused the Islamic Republic’s oil revenue to drop by $40 billion in 2012, according to The International Energy Agency.

Bahrain Air ceased all operations filed for voluntary liquidation in a surprise move last night. [File photo]
09:37 GMT

Bahrain Air ceased all operations and filed for voluntary liquidation in a surprise move last night.

Libya's Brega terminal  has its first export of LPG yesterday, according to a statement from the National Oil Company
09:08 GMT

Libya announced yesterday that its subsidiary, the Sirte Oil Company had shipped its first LPG cargo since the revolution

Jordan's tourist board launched new live webcams of the Kingdom's "most treasured and visited locations"
08:41 GMT

The Jordan Tourism Board (JTB) on Tuesday launched live feeds from a collection of web cameras overlooking some of the Kingdom's "most treasured and visited locations".

The security and defense industry in the MENA region is entering a period of sustained growth, according to a new report
08:27 GMT

A new report has revealed that security spending in the MENA region is entering a period of sustained growth.