Business briefing: 17 Sept 2013

New Lebanese stimulus planned, plus other news

Economics and Policy

Lebanon’s central bank plans a further boost next year to an economy hit by war in neighboring Syria and domestic turmoil, but the package will be smaller than this year’s $1.46 billion, its governor said Monday.

More from Reuters

 

Lebanon's Caretaker Prime Minister Najib Mikati signed a decree Monday to authorize the advance payment of $800 million to pay the salaries of public sector employees.

More from The Daily Star

 

Oman's plans for a national railway project will be fast-tracked and completed in a single phase instead of three as proposed earlier.

More from Arabian Business

 

Iraq’s oil exports were cut sharply by a pipeline leak and work at southern ports, industry sources said, raising concern among buyers of prolonged outages despite Iraqi assurances.

More from Reuters

 

Companies and Business

Dubai real estate developer DAMAC Properties has handed Saudi Binladin Group a $96m to construct a luxury housing project in Riyadh.

More from Arabian Business

 

Barclays has been branded reckless by a British watchdog for failing to disclose payments of $511 million in advisory fees to Qatari investors who helped bail it out during the financial crisis.

More from Reuters

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