Main headlines
January 2, 2013
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.
December 31, 2012
China’s crude oil imports from Iran fell 31 per cent in November from a year earlier and were down 6.3 per cent on the month, data showed, with traders citing delivery delays by Iranian tankers because of tough Western sanctions.
South Korea’s imports of crude oil from Iran dropped 39 per cent from a year ago in the first eleven months of the year after sanctions squeezed shipments, data from state-run Korea National Oil Corp showed.
Egyptian President Mohammed Mursi said Monday that the country’s currency situation will “balance out within days,” stressing that the record fall of the pound “does not worry or scare us.”
Iranian forces have carried out what they called cyber warfare tactics for the first time as the Islamic republic’s naval units staged maneuvers in the key Strait of Hormuz, media reports said on Monday.
