Thursday, November 15, 2012
Egypt's prime minister laid out Tuesday his government's economic program, aiming to increase a sagging growth rate, restructure an expensive subsidy system and deal with a crippling budget deficit as the country negotiates a US$4.8 billion loan from the International Monetary Fund.
Monday, November 12, 2012
Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted in a report on Sunday.
Thursday, November 8, 2012
Gas-rich Qatar may invest up to 10 billion euros (US$12 billion) in big French firms, the ambassador of the Gulf state in France told AFP on Tuesday.
Tuesday, November 6, 2012
Iraq on Monday signed a five-year deal with Pakistan Petroleum for the company to explore a massive tract of land believed to contain gas, the latest step in Baghdad's efforts to boost energy output.
Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.
Sunday, November 4, 2012
Turkey warned Saturday it would shun international companies involved in oil and gas drilling off the shores of the divided island of Cyprus.
Saturday, November 3, 2012
The plunge in Iran's currency is proving bad for business in neighboring Iraq.
Tuesday, October 30, 2012
Wednesday, October 17, 2012
Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah Tuesday proposed setting up a US$2 billion fund to fight poverty in Asia and said the Gulf state will donate US$300 million to its corpus.
Apple's new iPhone 5 is selling well in the Gaza Strip despite inflated prices, reaching the Palestinian enclave via smuggling tunnels even before high-tech hub Israel next door.