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.
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.
Oman's plans for a national railway project will be fast-tracked and completed in a single phase instead of three as proposed earlier.
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.
Companies and Business
Dubai real estate developer DAMAC Properties has handed Saudi Binladin Group a $96m to construct a luxury housing project in Riyadh.
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.