Saudi to develop Midyan gas field in 2013
Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.
January 2, 2013 3:06-
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Kuwait Inflation To Keep Falling In 2013
Kuwaiti inflation will slow to 4.3 percent this year and 4.1 percent next year from 4.8 percent in 2011, central bank governor Mohammed al-Hashel predicted on Saturday in comments carried by state news agency KUNA.
December 30, 2012 7:29 -
BACK IN THE GAME: Dubai’s Arabtec, Lootah Win Nakheel Villa Contracts
Dubai real estate contractor Arabtec and another firm have been awarded a contract worth over half a billion dirhams ($136 million) to build villas for one of the emirate's flagship developers, Nakheel
December 30, 2012 7:27
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UAE’s Tabreed To Issue Convertible Bonds In Recap Plan
District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on Dec. 31, the firm said on Sunday, as part of a recapitalisation plan agreed last year.
December 30, 2012 7:26 -
Qatari Growth Slows As Energy Sector Sluggish
Qatar's economic growth slowed in the third quarter of the year but was supported by strong expansion of non-oil sectors, data released by the statistics authority showed on Sunday.
December 30, 2012 7:24 -
Arab League Chief, Ministers To Visit Ramallah To Discuss Aid
A delegation of Arab ministers and high-ranking officials led by Arab League Chief Nabil Elaraby will visit Ramallah on Saturday to offer moral support and discuss financial aid for the Palestinian Authority, an Arab League source said on Wednesday.
December 27, 2012 5:32
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Egypt to grant Telecom Egypt a mobile license
Egypt will grant Telecom Egypt a license by mid-2013 to provide mobile services and will later let mobile companies offer fixed-lined services using Telecom Egypt's infrastructure, the industry regulator said.
December 27, 2012 5:30 -
CAPITAL CONTROL: Worried Egypt slaps new controls on travelling with cash
Egypt has banned travellers from carrying more than $10,000 in foreign currency in or out of the country, as officials worry over pressure on its pound currency and a rush by Egyptians to withdraw their savings from banks.
December 26, 2012 10:56 -
New constitution drafted by Mursi allies approved by Egypt
Mursi's opponents say the new constitution could allow clerics to intervene in lawmaking, while offering scant protections to minorities and women. Mursi dismisses those criticisms, and many Egyptians are fed up with street protest movements that have prevented a return to normality.
December 26, 2012 10:11
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Iranian businessman denies EU accusations
Neither his Malaysia-based First Islamic Bank nor his more than 60 other companies had done anything wrong, he said.
December 24, 2012 10:20 -
Emiratis told not to go to Lebanon
The Gulf Arab state issued the warning because of "difficult and sensitive political circumstances" in Lebanon.
December 23, 2012 4:50 -
Dubai’s du secures $500 million
Dubai’s Emirates Integrated Telecommunications Co, or du, said on Sunday that it had secured a $500 million, five-year club debt…
December 23, 2012 2:04
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Iran gets a fresh batch of sanctions
The toughest EU measures yet, they include bans on financial transactions, sales to Iran of shipping equipment and steel, and imports of Iranian natural gas, adding to earlier bans, including on the OPEC producer's oil.
December 22, 2012 6:53 -
Omanis hoping for change after vote
Sultan Qaboos remains a popular figure in a country that was mostly undeveloped and faced war in its Dhofar region when he seized power from his father.
December 22, 2012 6:49 -
UAE shuts down American research office
The United Arab Emirates has shut down the Abu Dhabi office of the RAND Corporation, the American policy research institute, in the…
December 20, 2012 4:57
