A strike by Electricite du Liban’s workers has further exacerbated the electricity crisis in the country as repairs on aging power plants came to a halt Tuesday.
Qatar has said it would lend Egypt's government an additional $2bn and grant it an extra $500m outright, extending a lifeline as the government battles to contain a currency crisis.
Lebanon's Tourism Ministry has launched Tuesday a 50-day campaign of 50 percent discounts in a bid to lure tourists back to the country.
Plans for several thousand government employees to move to Abu Dhabi from other emirates will place additional strain on already overloaded private schools, education authorities have cautioned.
Global Financial Integrity, a Washington-based non-profit, research and advocacy organization, estimated the cumulative illicit financial flows from Lebanon at $21 billion between 2001 and 2010.
More than 80 percent of UAE finance executives will be recruiting in both the first quarter and first half of 2013, according to specialist financial recruiter Robert Half UAE.
Italian designer Roberto Cavalli has opened a cafe-lounge along the waterfront in downtown Beirut, with the designer personally attending the launch along with Haifa Wehbe and Nancy Ajram.
BMW Group has announced the delivery of more than 20,000 vehicles in the Middle East in 2012 – the most successful year in its history in terms of regional sales and a 14 percent increase on 2011 figures.