Main headlines

December 6, 2012

Ding ding, round 2! Apple and Samsung back in court
09:02 GMT

Tech giants Apple and Samsung have reportedly returned to a US court so that a judge can review a jury's decision to award Apple 1.05 billion dollars in damages.

Jordan is set to receive more Saudi money
08:14 GMT

The Central Bank of Jordan on Wednesday received an official notice from the Saudi Development Fund confirming the transfer of $250 million (around JD178 million) to Jordan, according to the Jordan News Agency, Petra.

Bahrain's economy is set to grow at 2.4 per cent this year
08:05 GMT

Bahrain should achieve economic growth of 2.4 per cent this year and that should rise to 2.9pc next year, despite protests continuing in the country.

Egypt's balance of payment deficit shrinks as imports decrease
04:00 GMT

Egypt's balance of payments deficit decreased to $518.7 million in the third quarter of 2012/13 (July-September) compared to $2.4 billion during the same period last year, the country's central bank said on Wednesday.

December 5, 2012

Ousted Tunisian President  Ben Ali's assets are to be sold to try and help Tunisia's financial recovery
12:15 GMT

Ousted Tunisian President Ben Ali's assest are being sold off, according to the state-run Tunis Afrique Presse.

Kuwait's budget surplus is growing
12:07 GMT

Kuwait's budget surplus for the first six months of reached $44.7 billion before allocations to the Reserve Fund for Future Generations (RFFG),a National Bank of Kuwait report shows.

A UAE visa amnesty is underway, with thousands already thought to have taken advantage in the first 24 hours
11:28 GMT

Hundreds of thousands of loan-defaulters, work-absconders and duped workers, are expected to make use of a two-month amnesty on illegal residents, with scores already turning up to amnesty centres on the first day.

Workers at Sharm El Sheikh airport in Egypt are on partial strike over pay and conditions
10:43 GMT

Dozens of employees at Egypt's Sharm El-Sheikh international airport have started a partial strike to demand wage increases and a share in profits.

OPec boss Abdullah Al-Badri has said that oil supply remains at comfortable levels
10:33 GMT

Global oil supplies are comfortable, OPEC secretary general Abdullah Al-Badri said ahead of the oil exporting group’s meeting in Vienna next week.

Plenty of rials to go around after Iraq gifts Yemen $5 million
07:45 GMT

Iraq is to give a $5 million aid to support the development process in Yemen, Iraqi ambassador to Yemen said Tuesday.

The board of Gulf Air has been sacked en masse by Bahraini MPs
07:35 GMT

Bahrain's Parliament yesterday voted to replace the entire Gulf Air board, which was only appointed last month, and tear up the contracts of two consultancy firms recruited by the struggling airline.

Apple finally released iTunes in the UAE
07:02 GMT

After an 11 year wait, a definiate life-time for some soon-to-be users, Apple has released its ever-popular music downloading service service, iTunes.

Egypt's stock market showed surprising resilience yesterday
05:26 GMT

Egypt stocks rose considerably on Tuesday despite ongoing political confusion, with the benchmark EGX30 index gaining 3.46 per cent to reach 4,991 points.

The UAE has set up a fund to cover Emiratis debts
03:00 GMT

The UAE has set aside $410 million to cover defaulted debts owed by Emiratis, the state news agency (WAM) has reported.

December 4, 2012

Lebanon's economic maritime borders are 'non negotiable' according to a Lebanese MP
12:49 GMT

A Lebanese Member of Parliament, Mohammad Kabbani has said that economic maritime borders are not up for negotiation. The issue is contentious as the zone is reported to have large supplie of lucrative natural gas.