Bahrain’s economic growth is expected to pick up sharply this year on the back of a stronger oil sector, large industrial investments and a robust regional economy, the government said on Tuesday.
Lebanon’s Central Bank governor has said he expects no unpleasant surprises for the country’s financial sector in 2013.
A long-standing dispute over oil exports from the semi-autonomous Kurdistan region is delaying passage of Iraq's 2013 budget.
World oil demand will grow faster than previously thought in 2013, producer group OPEC said Tuesday, citing signs of a recovery in the world economy.
Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support and the economic impact of a new round of political unrest.
Bahrain Air, the country’s second airline, has closed down, blaming financial losses accrued as a result of “the unstable political and security situation in Bahrain”.
Islamic financial institutions in Kuwait should hire enough personnel to ensure they comply with sharia standards, and work with the personnel in a transparent way, the country’s market watchdog said on Tuesday.
Flydubai has announced net profit for 2012 of Dhs151.9 million ($41.4 million) the low cost carrier’s first profit in three years.