December 11, 2012
The Cabinet failed again Monday to pass the controversial salary scale as both the private sector and labor groups remained deeply divided on whether to raise the salaries of civil servants and teachers substantially.
December 10, 2012
Western pressure that forced foreign ship classifiers out of Iran has increased safety risks including the danger of an Iranian vessel spilling oil on another country’s coast, the chief executive of Lloyd’s Register said.
Arab states agreed to provide the Palestinian Authority with a $100 million monthly “financial safety net” to help President Mahmoud Abbas’ government cope with an economic crisis after the UN granted de facto statehood to Palestine, Reuters reported.
Economy and Trade Minister Nicolas Nahas said that the Cabinet is still delaying mobilising on passing the proposed wage hike to Parliament, despite mounting pressure from both labor organizations and the private sector to address the issue.
Cyber-criminals and hackers promise to make next year a tough one for the UAE’s wired-up business and personal users, a cyber-security firm has warned.
Jordan’s foreign minister has denied allegations that the Gulf Cooperation Council (GCC) has tied its financial assistance to the kingdom with stipulations including strings that bind them into accepting all Palestinian refugees from Syria.
December 9, 2012
This week may not be a good one for the Organization of Petroleum Exporting Countries (OPEC). It should decide on a new secretary general to succeed Abdalla Badri.
Saudi Arabia exported nearly 2.68 billion barrels of crude oil in the past 11 months of the current year that has yielded SR 1.005 trillion, an economic expert said.
The banking world gets set for the three day event, held under the theme: 'Islamic Finance: Adapting to the New Dynamics of Global Finance'.
The Gulf Cooperation Council (GCC) Summit this month in Bahrain will not announce the union of the six member states, Bahrain’s foreign minister has said.
Khalifa Port will be officially opened on December 12, 2012 amidst expectations that over the next few years the UAE will become a vital link in the chain which connects emerging and more established markets.
December 6, 2012
The African Development Bank (ADB) is on its way to approve a request to grant Egypt $1 billion loan to support the country’s budget, the bank’s director said during a press conference in Cairo on Wednesday.
Unemployment in Saudi has reached one million people, as the Kingdom plans a new policy of 'Saudization'.
The Union for the Mediterranean (UfM) announced on Tuesday that it would adopt the Jordanian National Railway Network Project as one of the UfM's regional projects.
Egypt stocks tumbled Thursday morning in the aftermath of violent clashes between pro and anti-Morsi supporters that left at least five dead and some 500 injured Wednesday night.