December 30, 2012
Photo-sharing app Instagram has lost over 23 percent of daily users in the wake of anger at controversial changes to its terms of service
Arab League Secretary General Nabil Elaraby Saturday stressed financial support for the Palestinian Authority (PA) even before political support.
The Central Bank of Egypt (CBE) announced on Sunday several procedures to preempt a looming foreign currency crisis, including putting a limit on corporate cash withdrawals at $30,000 per day, Reuters reported.
Iran started on Friday six days of naval drills in the Strait of Hormuz, the official IRNA news agency reported, maneuvers aimed at showcasing its military capabilities in what is a vital oil and gas shipping route.
Egypt's Prime Minster, Hisham Kandil, said on Sunday in a press conference that the government will announce a national initiative for economic reform whilst reiterating that the country is not facing bankruptcy.
The Internet encyclopedia, Wikipedia, has revealed the list of most searched articles in 2012.
Jordan's overal budget expenditure is estimated to be around JD7.4 billion, an insider has said, with the deficit expected to be around JD800 million, once aid money is accounted for.
Egypt has received a final $500 million instalment of funds promised by Qatar and will get another $500 million from Turkey at the end of January, Egypt's finance minister said, in the latest aid to help balance its budget and defend its currency.
Saudi Arabia’s council of ministers on Saturday agreed a record budget for 2013 with revenues expected to hit $221 billion (167 billion euros), state television Al-Ekhbariyah said.
Egypt's Central Bank has introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which it says have reached a critical level.
December 27, 2012
Egypt is being hit by a dollar shortage as some Egyptians rush to convert their local savings into foreign currencies amid signs of further economic turmoil ahead.
Tens of thousands of Sunnis blocked Iraq's main trade route to neighbouring Syria and Jordan in a fourth day of demonstrations yesterday against Prime Minister Nuri Al Maliki.
Palestine's budget deficit stood at 25.7 per cent of GDP in the third quater of 2012, as new economic figures are released.
Egypt's Finance Minister Mumtaz al-Saeed confirmed on Wednesday the treasury's full commitment to paying wages, salaries, and pensions of all administative state apparatus employees.
Iran has banned airplanes from flying during the call to prayer, according to reports.