Economics
Oil slipped on Monday, with Brent near $109 a barrel, as refineries along the US East Coast lowered run rates ahead of approaching Hurricane Sandy, reducing crude use in the world’s largest oil consumer.
Egyptian President Mohammed Morsi's next step on the road to salvaging the country's struggling economy will be to cut energy costs with a nationwide curfew for restaurants and shops.
Iran's exports of condensates amounted to more than $1 billion in the last month, a customs official was quoted as saying on Saturday, softening the blow of Western sanctions on its crude oil sales.
Iraq's National Investment Commission has said foreign investment in the country is set to drop slightly to $35bn this year, as potential investors, including its Gulf neighbours, hesitate in the face of the continuing regional tensions and political insecurity.
According to a report by the Qatar Statistics Authority (QSA), unemployment in the country has dropped by 22.8% over the past 10 years, but the gender gap in terms of average wages increased considerably.
Companies
Moorfields Eye Hospital Dubai, (Moorfields) the first overseas branch of the world renowned Moorfields London eye hospital, has announced the appointment of Mr Mariano Gonzalez as its new Managing Director. .
Dubai-based entertainment venue Global Village announced that it has welcomed over 600,000 visitors since opening on October 21.
UAE-based telelcommunications giant Etisalat has said it expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and wants to be ready.
The number of Twitter users in Bahrain grew by 39% in the last six months, as companies seek to exploit the web to attract more business, according to the Social Media Club in the country.
Politics
The Federal National Council said the European Parliament should have given the UAE an opportunity to explain its view on human rights issues "instead of listening to biased reports that contain many baseless allegations and inaccurate information about the real situation in the UAE", the state news agency Wam reported.
