Main headlines
December 20, 2012
Coal is set to surpass oil as the world’s top fuel within a decade, driven by growth in emerging market giants China and India, with even Europe finding it hard to cut use despite pollution concerns, according to a report.
December 19, 2012
The World Bank has pledged $900 million to Iraq to improve employment in the country.
Public sector workers in Palestine have started a two-day general strike in response to a delay in being paid caused by Israel withholding tax revenues.
Egypt's request to postpone a long-awaited IMF loan due to recent political unrest could lead to a downgrade in the country's credit rating, credit rating agency Moody's said in a report on Monday.
Tunisia is seeking help from the European Union to lift its ailing economy, which has seen little improvement in the two years since the start of the Arab uprisings.
Instagram's decision yesterday to alter their user policy to enable them to use an image without the owners knowledge caused a Twitter-storm an d a mass exodus, but the Facebook-owned app appears to have offered a partial U-turn.
Despite plans for so-called 'Saudization' of the Kingdom's workforce, unemployment is on the rise, reaching almost two million, a half a million increase on 2011 figures.
The Government of Japan and the UN World Food Programme (WFP) have signed a new agreement in Rome that will provide US$7.1 million in emergency food assistance for almost half a million Yemenis.
Consumers in the UAE have the lowest sales and consumption taxes in the world. Perfect news in time for the inevitable pre-festive spending spree.
The United States urged Egypt and International Monetary Fund to reach an agreement on the $4.8 billion loan that was postponed on 11 December "as quickly as possible."
The popular smartphone app Instagram, recently bought by social-network behemoth Facebook, has aletered its terms and conditions, allowing the company to use photographs without the creators permission.
December 18, 2012
Work on the first phase of GCC Development Programme–funded projects is set to start in Bahrain next month.
In a statement to the Tadawul, Saudi Arabian Mining Company (Maaden) announced the signing of a revolving Murabaha finance facility with a tenor of five year.
The Iranian government has conceded that it is losing half of its oil revenues due to international sanctions imposed over its disputed nuclear programme.
The governor of the Central Bank of Egypt (CBE) will resign from his position by the end of December for health reasons, a CBE source who preferred anonymity told Ahram Online Monday.
