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Friday, May 18th

Last update:10:09:26 AM GMT

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Middle East

Egypt: Mubarak Will Not Stand for Re-election

On Tuesday night, Egyptian President Hosni Mubarak announced that he will not stand for re-election at the planned presidential elections in August.

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Pinnacle Envy Signals New Bubble Is Inflating: William Pesek

It’s time to revisit that economic indicator in the clouds, that architectural gauge of vanity, that quirky harbinger of doom -- the Skyscraper Curse.

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UAE Consumer Prices Fall In February

(RTTNews) -  The consumer price index for the United Arab Emirates dropped 0.16% year-on-year in February, the National Bureau of Statistics reported Tuesday.

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Israel Central Bank Retains Key Rate

(RTTNews) - The Bank of Israel on Monday retained its benchmark interest rate at 1.25%, in line with expectations.

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IMF Forecasts Qatar To Grow 18.5% In 2010

(RTTNews) - The International Monetary Fund expects Qatar's economy to grow 18.5% in 2010 after an estimated 9% growth in 2009. Rapid expansion in LNG production and a pick up in manufacturing and construction are set to support strong performance this year, said the Washington-based lender on Wednesday.

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