Main headlines

October 7, 2012

IMF boss Legarde praises the GCC
06:02 GMT

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.

Jordan receives $250 million as part of pledges from the GCC
06:00 GMT

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 is planning on increasing the 3G mobile market
14:08 GMT

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 takes action to ease pressures on the economy
13:39 GMT

The Central Bank of Kuwait has taken measures to increase liquidity in the banking sector as inflationary pressures remain.

New Islamic banks in Oman wil struggle against established competitors, such as HSBC
13:16 GMT

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

Manufacturing took dropped in  Palestine in a worrying sign for the economy
13:03 GMT

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.

Global economy to remain fragile for years to come, says IMF
12:36 GMT

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.

Morocco and Spain plan to increase economic ties
10:36 GMT

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

Iran must deal with the International Community to resolve the crisis
10:08 GMT

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 World Bank and the IMF are seeking to privatise parts of the Egyptian economy
09:37 GMT

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.

Egypt's stock exchange rebounds after losses
08:54 GMT

The Egyptian stock exchange regained some ground, after positive news from the CEntral Bank of Egypt and the US government.

Fuel prices are set to decrease further if oil price continue to slide
06:00 GMT

Fuel in Lebanon has decreased, as the Water and Energy minister set a ceiling price for petroleum derivatives in Lebanese markets.

October 3, 2012

Protest erupt in Tehran as the rial's value plummets
13:41 GMT

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.

Lebanon's economy remains stable as  Syrian conflict rages on
12:16 GMT

The Lebanese economy is financially solid, despite concerns over the conflict in Syria, according to HSBC.

Palestine's stock market finished the days trading by recording a loss of 0.74 points
12:07 GMT

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.