Author Archives: Executive Staff

Business briefing: 12 Nov 2013

Business briefing: 12 Nov 2013

Economics and Policy Shares in Twitter Inc have been found eligible for investment by Islamic funds, according to IdealRatings, a company that screens stocks to determine whether they meet Muslim principles. More from Reuters   The International Monetary Fund will help Lebanon streamline its consumer price index calculation in a bid to obtain more accurate

Business briefing: 11 Nov 2013

Economics and Policy Kuwait’s government plans to form a special committee to review subsidies on goods and services which are costing the Gulf Arab state more than $15.9 billion a year. More from Reuters   Subsidised petrol and electricity programmes are causing a huge waste of energy across the Gulf and threatening economies, Oman's oil

Score one for corporate governance

Executives from the world’s leading development financial institutions flew into town to witness the signing by the Beirut based private equity firm, the EuroMena Funds, of the first national corporate governance declaration. Lebanese bankers, real estate developers, public officials and many financial executives also were there on Wednesday evening at Phoenicia Hotel to be part

Business briefing: 8 Nov 2013

Economics and Policy Standard & Poor’s downgrade of three leading Lebanese banks is unlikely to have an impact on the prices of bonds or interest rates. More from The Daily Star   Saudis are complaining of surging labor costs following the exodus of a million foreign workers, although economists insist there will be long-term planning

Business briefing: 7 Nov 2013

Economics and Policy Iraqi Kurdistan has finalised a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines to ship the autonomous region's rich hydrocarbon reserves to world markets. More from Reuters Payments problems, chaos and corruption are hampering Libyan importers from making big deals to buy wheat, another setback as

Business briefing: 6 Nov 2013

Economics and Policy The severely weakened Syrian pound has surged against the dollar in recent days, with experts pointing to central bank intervention and developments favorable to the regime. More from The Daily Star Iran will lead a club of the world’s biggest natural gas exporters as its own shipments abroad are hampered by US

Business briefing: 5 Nov 2013

Economics and Policy Egypt returned a $500 million deposit to Qatar at the start of November after Qatar refused to renew it upon its maturity. More from Reuters   The United Nations estimates that around 9.3 million people in Syria, or about 40 percent of the population, need humanitarian assistance due to the country's 2-1/2-year

Business briefing: 1 Nov 2013

Economics and Policy Intent on supplying his government with arms, oil and food, Syrian President Bashar Assad has turned to Russian banks to access world markets, and the lenders could open more doors to him, despite a risk of isolation from the U.S. banking system. More from Reuters   Lebanon’s impoverished class will suffer the

Business briefing: 31 Oct 2013

Economics and Policy Lebanon's caretaker Finance Minister Mohammad Safadi has warned that growth was unlikely to exceed 1.5 percent in 2013 – and it could flatline next year. More from The Daily Star   China is moving further into Iraq, increasing its investments in the country's oil. More from Reuters   Oman plans to launch

Business briefing: 29 Oct 2013

Economics and Policy The London-based Institute of International Finance has revised downward its projection for Lebanon’s 2013 GDP growth from 1.1 percent to 0.7 percent, a further indication that many international agencies do not share the government’s forecast of 2 percent. More from The Daily Star   Libya’s efforts to end a three-month stranglehold on

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