Main headlines

April 23, 2013

Lebanon has asked Iraq and Egypt to reduce transit fees as the Syrian conflict hurts its trade
08:55 GMT

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

Could Egypt finally sign off on a deal with the IMF?
13:29 GMT

Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed" sources.

Iran is looking to try and sell oil to North Korea.
13:12 GMT

Despite international sanctions over Iran's alleged nuclear ambitions, Tehran is looking to try and sell oil to North Korea.

Eni, the Italian energy company, is hoping to ensure the safety of the Trans-Mediterranean gas pipeline
12:38 GMT

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 run by American network CBS have been hacked by pro-Assad activists
12:24 GMT

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  new reforms to working practices
11:00 GMT

Lebanon's public sector workers have slammed reform plans that were introduced along with the controversial new salary scale.

Ten UK-based Arabs, including Mohammed al-Fayed, former owner of Harrods, have a joint work of over $17.5 billion
10:09 GMT

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 is maintaining its commitment to global oil stability, according to the Kingdom's Finance Minister
09:42 GMT

Saudi Arabia has reiterated its commitment to the stability of the international oil market, a minister from the the oil-rich

The IMF has revised its growth predictions for the Lebanese economy down to 2 per cent
08:40 GMT

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.

Carlos Slim, the world's richest man, is planning investment in Saudi Arabia
08:16 GMT

Mexican business tycoon Carlos Slim, the world’s richest man, is planning to pump billions of dollars of investment into Saudi Arabia.

Egypt is set to amend its draft budget  in move to secure Egypt's $4.8 billion IMF loan
03:42 GMT

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

banon successfully closed a $1.1 billion eurobond issue  on Thursday
13:41 GMT

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 record highs in the first quarter of 2013
12:54 GMT

Air Arabia's passenger numbers hit new highs in the first quarter of this year.

Egypt received $398.5 million in revenues from the Suez Canal in March, the latest statistics show
12:18 GMT

Figures reveal that a major source of foreign currency revenue earned Egypt 12.3 percent less in March than previous year.

Middle East Airlines has denied one of its planes was hit by lightening at Rafik Hariri International Airport in Beirut
12:08 GMT

Reports that a Middle East Airlines aircraft was struck by lightning are false, according to a well placed source.