Main headlines
January 3, 2013
The UAE has become Japan’s major economic partner in the Middle East and North Africa (MENA) region over the past decade, providing Japan with 25 per cent of its oil needs, a new report shows.
Egypt's stock market rose strongly on 2013's first day of trading, confirming analysts' expectations that the Central Bank's new system of currency auctions would give the market a boost.
Spinneys reiterated Wednesday its commitment to the boycott on the importing of Israeli goods to the region and apologized for the recent discovery of food items labeled as products of the Jewish state at one of its outlets in Lebanon.
January 2, 2013
The United Arab Emirates (UAE) has deposited $250 million in the Central Bank of Jordan on December 25, the UAE Ambassador to Jordan Abdullah Al Ameri said Wednesday.
Prominent opposition figure, Mohamed ElBaradei, says that the economy would not recover without political stability, beginning with the constitution and national reconciliation.
Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, Reuters reported.
Newspapers printed contradictory reports yesterday on whether the UAE was ending prison terms for expatriates who write bad checks.
Lebanon, a major importer of Brazilian meat, imposed a temporary ban on the import of cattle from the Brazilian state of Parana over fears of mad cow disease.
In its budget for 2013, Oman has raised state spending by 30 per cent from the original 2012 plan.
The weekly price update of gasoline prices in Lebanon showed an increase for the fifth week in a row Wednesday.
The volume of overall investment is expected to top $45 billion over five years in Bahrain, a top businessman said.
Riyadh Saudi stocks close higher yesterday with gains in all sectors after oil prices edged up on Monday and the U.S. Senate passed a deal to avert a "fiscal cliff" which threatened the world's largest economy.
The International Monetary Fund said on Monday it welcomed steps that Egypt has taken to stop a drain on its international reserves which had recently caused Egyptian pound hit record lows.
January 1, 2013
The new monetary foreign exchange regulations, enacted by the Central Bank of Egypt (CBE) on Sunday, will help curb speculation on the US dollar in the domestic market and maintain a low rate of inflation, said the country’s top bankers.
Jordan and Kuwait on Sunday signed four agreements to finance projects in key sectors worth $259.5 million.
