Main headlines
December 18, 2012
The deficit value of the Palestinian Current Account amounted to $2,192.6 million (21.5% of the GDP in current prices), compared with a deficit in year 2010 which amounted to $690.9 million.
Share prices for Apple have dipped below $500 for the first time, after a high of over $700 a share since the company's flotation on the stock market earlier this year.
Iran has been targeted by a cyber attack which is similar to a malicious virus that severely disrupted the country's oil industry earlier this year.
The European Investment Bank has agreed to fund development in Morocco, in a deal worth almost $600 million.
Investments in the UAE’s industries for the first half of this year reached Dhs. 124 billion, Abdullah Sultan Al Fan, assistant undersecretary for Industrial Affairs at the Ministry of Economy, told Gulf News.
The Egyptian stock market closed in the red on Monday, despite analysts' predictions that it was likely to gain throughout this week, with the generally trouble-free referendum vote expected to boost market confidence.
December 17, 2012
UAE-based Dana gas has agreed with bondholders the plan to restructure its $920 million Islamic bond to reduce it down to $850 million.
Mobile application storefronts have collectively distributed a total of 81 billion smartphone and tablet apps as of end-September 2012, according to a report.
Bahrain's ailing national carrier Gulf Air may be forced to hire 100 unemployed Bahraini pilots despite plans to slash its heacount by as much as 1,800 as part of a proposed US$492m government bailout deal, it was reported.
Oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil, via Turkey, without Baghdad's permission as capital and temi-autonomous region battle over oil and gas rights in the northern province.
Teachers in West Bank cities of Nablus, Bethlehem and Jenin went on strike on Sunday in protest over the delay in payment of their November wages.
Egypt’s largest gold producer, the Australia-based Centamin PLC, has been allowed by the government to export around 1.6 tonnes of the gold extracted from its Sukari mine, Al-Ahram's Arabic-language news website reported Sunday.
You might have to be quick if you want an iPhone in the UAE as data packages are pushing up demand for the smartphone.
Oman is trying to diversify its economy and create a new role for a burgeoning public sector.
Despite last month’s fuel price hikes, prices of basic food items remain stable and are not expected to rise in the near future, the president of the local Food Traders Association has said.
