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March 6, 2013

Many Egyptians believe that the economic situation has deteriorated after the revolution
11:11 GMT
The economic conditions of Egyptian families deteriorated after the revolution, according to a survey of households by an Egyptian state body.
Fishing in the Gulf is an industry worth Dh1 billion a year, with the UAE consuming up to 100 tonnes of seafood annually at a rate of 33 kilograms
07:26 GMT
As half of the UAE’s fishermen were forced to quit their trade for lack of governmental support and dwindling fish stocks, industry experts push for greater support.
25,000 Palestinians have fled Syria for Lebanon and a sixth of the new funds will go to help them
06:51 GMT
As the figures of Syrian refugees who have fled the country is set to reach one million, the European Union announced it is to provide financial aid for refugees.
Attacks can never be stopped completely, only managed
06:44 GMT
Cyber attacks, such as the Stuxnet virus which the US used to attack Iran's nuclear facilities and the recent attacks on Facebook, can never truly be stopped, experts have said.

March 5, 2013

Saudi Prince Alwaleed bin Talal is disputing the findings of the Forbes rich list, claiming that it understated his wealth.
13:27 GMT
The rich-list compiled by Forbes has angered Saudi Arabia's Kingdom Holding chairman Prince Alwaleed bin Talal, who says that the rankings underestimate his wealth.
Some Egyptians fear Iranian pilgrims might come disguised as toursits
12:24 GMT
Egyptian Islamist preacher Safwat Hijazi has voiced objection to a tourism agreement with Iran, expressing fear that Ayatollah’s regime in Tehran might be sending Shiite missionaries disguised as tourists.
The SIC said that out of the 191 investigated cases 126 were local and the rest were foreign
12:17 GMT
Lebanon waived its banking secrecy laws 24 times in cases that involved money laundering and terrorist funding in 2012, a new report said.
The surplus, equivalent to 33 per cent of annual 2012 GDP, was lifted by a combination of soaring revenues and comparatively softer spending grow
11:03 GMT
Kuwait's budget surplus keeps on growing, new figures show, climbing to $57 billion.
Mideast air freight demand fastest growing
08:39 GMT
Middle Eastern airlines posted the fastest-growing air freight demand in January globally, reporting an increase of 16.3 per cent over the same month in 2012, new figures show.
The UAE is France’s third biggest ‘trade surplus’ partner, generating more than $2.7 billion in trade surplus
08:17 GMT
The French government expects its $6.7 billion (Dh24.6 billion) bilateral trade with the UAE to grow at between 10-15 per cent this year, a senior official said.
A new retail website promising to give shoppers the experience of an ‘online mall’ is the future of shopping in the UAE
08:03 GMT
Malls are the place to go shopping in the the Middle East, but will an online version woo customers in the UAE?

March 4, 2013

The salary hike would be referred to Parliament during the first Cabinet session after March 21
11:51 GMT
Lebanon's President pledged over the weekend to push forward salary increases for civil servants and teachers within a three-week deadline.
Financial curbs on Bahrain airlines monitored
11:35 GMT
Financial institutions in Bahrain are being monitored as they impose precautionary restrictions on the staff of Gulf Air and Bahrain Air, according to the country's banking watchdog.
The rate of growth was broadly unchanged from January and remained above the series average
11:22 GMT
The Saudi non-oil private sector registered solid improvement in its business activity during February with firms reporting a surge in production and new factory orders compared to last month.
Lebanon, more than 40 international oil and gas companies have purchased the seismic data from the Energy and Water Ministry
07:38 GMT
Following the discovery of potentially lucrative oil and gas deposits of the coast of Lebanon, one expert has urged a clear and transparent bidding process for contracts.