Main headlines
December 23, 2012
The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.
The UAE's Foreign Ministry warned its citizens not to travel to Lebanon at this time unless necessary, the state run news agency reported.
The European Commission said yesterday that South Korea's Samsung Electronics was abusing its dominant market position in certain technologies when it took out injunctions against fierce rival Apple.
Germany’s Federal Minister of Economic Cooperation and Development Drik Niebel said Saturday his country would donate around $14 million to assist Syrian refugees in Lebanon.
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.
As fuel subsidies come into focus across the region, Bahrain is to review the spending on them, which are expected to cost the treasury BD1 billion ($2.637 billion) a year by 2014.
While Egypt's state television reported the resignation of Egypt Central Bank's governor Farouq El-Oqda, the cabinet denies the news
Lebanon’s budget deficit in the first eight months of 2012 surged to LL2.245 trillion ($1.49 billion), or 18.48 percent of spending, compared to LL1.471 trillion, or 13.51 percent, in the same period of last year, the Finance Ministry said Friday.
Tunisia’s finance minister displayed the abandoned fortune of ousted president Zine El Abidine Ben Ali and his family in a public auction on Saturday at the Cleopatra Space in Gammarth, located in the northern side of the country.
December 22, 2012
The governor of the Central Bank of Egypt (CBE), Farouq El-Oqda, has resigned his position, the Egyptian State Television announced on Monday
December 20, 2012
The total volume of trade between members of the GCC amounted to $85 billion compared to only $6 billion in 1984.
The European Union has adopted a report which calls for greater cooperation and deeper regional ties between countries in the Maghreb.
HSBC has agreed to pay US authorities a record $1.9bn (£1.2bn) settlement over accusations that it laundered Syrian and Iranian money in the US.
Iraq and Jordan are set to discuss increased the establishment of a new oil and gas lines between the two countries.
The introduction of a Google map app for the iPhone has increased the numbers of users upgrading to new operating system iOS6.
