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  • Egypt getting ready for IMF deal this week

    Egypt getting ready for IMF deal this week

    The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8 billion loan before an IMF negotiating team leaves Cairo on Wednesday, Finance Minister Mumtaz al-Said said.

    November 12, 2012 6:33
  • Updates on UAE oil concessions expected next week

    Updates on UAE oil concessions expected next week

    BP Plc, shut out of pre-qualifcation bidding to develop Abu Dhabi's largest onshore oil fields, hopes to hear soon whether it can participate in the process, Chief Executive Bob Dudley said on Sunday.

    November 12, 2012 6:31
  • Thousands of Kuwaitis protest against voting changes

    Thousands of Kuwaitis protest against voting changes

    Tens of thousands of Kuwaitis packed into a square opposite parliament on Sunday in a peaceful opposition-led rally against new voting rules.

    November 12, 2012 6:30
 
 
  • Saudi Arabia happy with the current oil price

    Saudi Arabia happy with the current oil price

    The oil market is in a good shape and Saudi Arabia is happy with the current oil price, the kingdom’s oil minister…

    November 11, 2012 1:00
  • UAE to grow 3.5 percent in 2013

    UAE to grow 3.5 percent in 2013

    Economic growth in 2012 is expected to be in a range of 3.5-4 percent, Mansouri said earlier in the day.

    November 11, 2012 12:31
  • Arab Spring economies recover slowly in 2013

    Arab Spring economies recover slowly in 2013

    The IMF forecast gross domestic product in the six countries combined would expand by 3.6 percent next year, accelerating from an estimated 2.0 percent this year and 1.2 percent in 2011.

    November 11, 2012 9:58
 
  • Former Iraqi central bank chief denies corruption

    Former Iraqi central bank chief denies corruption

    Local authorities have issued arrest warrants for Shibibi, who has left the country, and other bank officials, a decision that has heightened investor concerns Prime Minister Nuri al-Maliki's government is interfering with the bank's autonomy.

    November 11, 2012 8:42