Business briefing: 13 Nov 2013

Jordan ‘to take Saudi UN set’, plus other news

Economics and Policy

Saudi Arabia officially notified the United Nations on Tuesday of its decision to reject a seat on the U.N. Security Council, which U.N. diplomats said clears the way for the likely election of Jordan as a replacement.

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The Arab world’s energy exporting states are not saving enough of their oil windfall and as a group may start running a fiscal deficit in 2016 if current policies do not change, the International Monetary Fund has said.

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The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it.

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Companies and Business

Lebanon's Rafik Hariri International Airport registered 6 percent growth in the number of passengers this year through the end of October, a government body has announced.

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Oman Chlorine is setting up a $70m chlorine-alkali plant in Abu Dhabi to cater to the oil and gas sector in the Gulf.

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India's competition regulator has approved Etihad's $325 million deal to buy a 24 percent stake in Jet Airways.

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