Lebanon's Prime Minister intends to send the controversial salary scale package to Parliament for approval next week in a bid to prevent on open-ended strike by the Union Coordination Committee.
Yemen’s economy is starting to show signs of recovery, two years after protests began.
The World Bank has confirmed a $30 million loan agreement with the Lebanese Finance Ministry.
A government body in the United Arab Emirates has rejected draft legislation that would have eased tight controls on foreign ownership of companies, with members citing security fears and threats to local businesses.
Companies
Bakeries in Lebanon will go on strike on February 20 if the government fails to increase quantities of subsidized wheat flour, the association said at a news conference Wednesday.
Residential rents in Abu Dhabi dropped by around 14 per cent year-on-year in the fourth quarter of 2012, according to a new report by property consultancy CBRE.
A $1.6bn island development off the coast of Jumeirah Beach Residence, including what will be the world’s tallest Ferris wheel, has been approved by Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President and Prime Minister of the UAE and Ruler of Dubai.
