January 16, 2013
A potential strike by gas delivery workers in Jordan has been averted after a deal was struck to increase the amount of royalties deals collect.
Egyptian stocks on Tuesday were adversely impacted by Monday night's rail disaster in which 19 passengers were killed and more than 120 injured.
January 15, 2013
The Egyptian pound dropped 0.3 per cent against the US dollar at the latest currency auction by the central bank on Tuesday, as the former minister claims the currency controls are temporary.
Jordan's Consumer Price Index (CPI), one of the main measures of overal inflation, increased by 4.8 per cent in 2012, new statistics reveal.
Bahrain will subsidies basic food staples of meat, poultry and flour to the tune of $180 million.
Interim Tunisian PM Hamadi Jebali met with Palestinian President Mahmoud Abbas and stressed that he will encourage Arab leaders to support the PA financially.
Saudi Arabia plans to build more than 12,400 housing units across the country, according to reports from the English-language Arab News.
Once the UAE's visa amnesty is completed in February, the Ministry responsible has said that anyone hiring or sheltering undocumented workers will face legal proceedings.
The Islamic Development Bank signed agreements with Egypt yesterday, worth more than $388 million, to build a new power plant and boost the economy.
Jordan is to set out on a review of all privatisation deals in the Kingdom since 1989, and will assess the social and economic ramification of each denationalising deal.
Egypt stocks rebounded slightly in Monday trading with foreign investors going on a limited spending spree on news of possible "reconciliation" between the country's post-revolution government and members of the former regime indicted for financial misdealing.
January 14, 2013
The chairman of Egypt's largest public bank, the National Bank of Egypt (NBE), has resigned, although it remains unclear if President Mohamed Morsi has accepted the notice.
Kuwait has revealed a budget surplus of $52 billion in the first eight months of the fiscal year, buoyed by strong oil revenues .
Three hundred oil tankers are stuck at the border between Jordan and Iraq awaiting Baghdad's permission to enter the Kingdom. The border has been closed after a recent spate of protests aimed at Iraq's Prime Minister.
The five nations of the Arab Maghreb Union have created an investment bank with capital of $100 million to finance infrastructure projects in the region, Mauritania's central bank governor said on Wednesday.