Economics and policy
The World Bank has granted Jordan $70 million in financing to help it to extend small loans to young people in depressed rural areas that have suffered most from the country's sluggish economic growth.
Lebanese Energy Minister Gebran Bassil has the government of failing to do enough with regard to the public sector wage scale as civil servants rallied outside his headquarters.
Saudi Arabia has sharpened its edge in oil trading by leasing oil storage in Fujairah, allowing the producer's new trading arm greater flexibility in both buying and selling oil products.
The UAE is the US’s largest export market in the Middle East with total trade reaching Dhs91 billion ($24.81 billion) in 2012, up 34.6 per cent compared to 2011.
Companies and business
The overall MEA tablet market in 2012 grew by 90% year-on-year, according to the latest figures from International Data Corporation (IDC).
A sluggish economy and stiff competition from international ad serving platforms will make it difficult for Lebanese websites to boost their advertising revenues this year.
Bahrain sovereign wealth fund Mumtalakat plans a multi-million pound investment in local projects, joining efforts to bolster the local economy after the 2011 pro-democracy protests.
Abu Dhabi Commercial Bank, or ADCB, and Union National Bank, or UNB, have also repaid debts they obtained from the Ministry of Finance to boost their balance sheet after 2008’s financial crisis.
Dubai’s port operator DP World Limited has agreed to sell stakes in two container terminals and a logistics centre in Hong Kong for a total consideration of $742 million, it said in a statement on Thursday.
Banque Libano-Française (BLF) has launched a global bond fund, LF Total Return Bond Fund.
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