Top Economy & Politics News

Arab League chief to Sudan over war crimes crisis

Arab League chief Amr Mussa was on Sunday flying to Khartoum with a plan aimed at stalling possible legal moves against Sudanese President Omar Al-Beshir for alleged genocide in Darfur. AFP - 20Jul 14:06GMT
UAE, Oman to sign on detailed border demarcation maps (corrected)

The UAE and Oman will sign on Tuesday in Muscat the list of final geographical co-ordinates and the detailed maps delineating the final line of the border agreement related to their common border stretching from east of Oqaidat to Al Daara. WAM (Emirates News Agency) - 20Jul 13:14GMT
British PM pledges more support for Palestinians

British Prime Minister Gordon Brown pledged further economic aid to the Palestinians aimed at bolstering the US-backed Middle East peace process. AFP - 20Jul 11:26GMT
Iran has two-week deadline for nuclear answer

Iran was on Sunday facing a two-week deadline to give a final answer to world powers seeking a breakthrough in the nuclear crisis, after talks with the EU foreign policy chief ended in stalemate. AFP - 20Jul 08:30GMT
Joint Jordanian-Moroccan Business Council convenes

Meetings of the Joint Jordanian-Moroccan Business Council commenced on Saturday, seeking to boost economic relations between the two countries' private sectors. Jordan Times - 20Jul 07:19GMT
Arab League slams 'unbalanced' ICC prosecutor

The Arab League slammed the International Criminal Court's "unbalanced" prosecutor for seeking the arrest of Sudanese President Omar al-Beshir, saying Sudan's courts should judge alleged Darfur war crimes. AFP - 20Jul 07:02GMT
Oman GDP posts highest growth in 28 years

Oman's economy achieved nominal GDP growth at current prices of a record 42.9 per cent in Q1 2008, the highest growth experienced in the Sultanate since 1980, the Ministry of National Economy said. Oman Daily Observer - 20Jul 06:29GMT
Arab unemployment likely to rise 14%

The unemployment rate in the Arab world is expected to rise by 14 per cent this year, according to a report by the Arab Labour Organisation (ALO). Gulf News - 20Jul 06:00GMT
UAE's oil revenues to cross $100b

The official selling price (OSP) of Abu Dhabi crude oil grades from January to June this year averaged $108.32 per barrel, a whopping 73.6 per cent rise on the year in line with soaring global oil prices. Gulf News - 20Jul 05:59GMT
US warns Iran as nuclear talks yield no deal

World powers' latest bid to make Iran halt its nuclear programme stalled Saturday as high-level talks involving US and Iranian officials ended without a deal and Washington warned of possible further "confrontation." AFP - 20Jul 05:24GMT

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Major Currencies per USD

Euros *	1.58504	18Jul22:50
Pound Sterling *	1.99800	18Jul22:50

Expressed as 'bid' price per USD except*

Regional Currencies per USD

Algerian Dinar	62.16400	18Jul15:50
Bahraini Dinar	0.37710	18Jul21:25
Egyptian Pound	5.29680	18Jul05:50
Irani Riyal	9130.00000	18Jul20:25
Iraqi Dinar	1167.50000	18Jul21:50
Jordanian Dinar	0.70740	18Jul13:25
Kuwaiti Dinar	0.26570	18Jul20:25
Lebanese Pound	1507.50000	18Jul20:25
Libyan Dinar	1.20390	18Jul05:25
Moroccan Dirham	7.25280	18Jul21:25
Omani Riyal	0.38500	18Jul15:25
Qatari Riyal	3.64070	18Jul21:25
Saudi Riyal	3.74870	18Jul13:25
Sudanese Dinar	234.38500	10Mar05:25
Syrian Pound	52.06524	18Jul05:25
Tunisian Dinar	1.15900	18Jul12:25
UAE Dirham	3.67300	18Jul21:25
Yemeni Riyal	199.80000	18Jul20:25

Expressed as 'bid' price

Saudi Arabia
Pegged to the US Dollar
What happens when the economy and monetary policy of the world's largest oil exporter is tied to the fate of the US economy and crude prices keep hitting new highs?

Egypt
One for the Future
Egypt's push for economic reforms has resulted in foreign direct investments coming in by the busload.

Obama In ME
Barack Obama will flash Kennedy-style charisma but face a stern test as a novice on the world stage in the Middle East, on a trip rich in both risk and potential rewards.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	109,838
2	Al Rajhi Bank	Saudi Arabia	34,712
3	Saudi Telecom	Saudi Arabia	31,744
4	Industries Qatar	Qatar	27,525
5	Emirates Telecommunications Corporation	UAE	26,770
» View Full List

Related Information

Macroeconomic Research
Country Analysis from EIU

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