Business briefing: 18 Nov 2013

Lebanon balance of payments reduces, plus other news

Economics and Policy

The fall of imports this year has reduced the balance of payments deficit in Lebanon, a leading academic has said.

More from The Daily Star

 

The United Arab Emirates Banks Federation will recommend that the central bank fine lenders who breach stricter mortgage loan rules as it seeks to prevent a repeat of a property bubble.

 

Companies and Business

Gulf airlines splashed out over $150bn on new plane deals on day one of the Dubai Airshow, underscoring a shift in power in the aviation industry and giving a boost to the formal launch of Boeing's newest jet, as well as to Airbus's A380 superjumbo.

More from Reuters

 

Airbus parent EADS is close to signing a strategic deal with Abu Dhabi's Mubadala Aerospace on advanced carbon-composite aircraft parts production.

More from Reuters

 

A labourer died as he jumped from a burning building in Dubai, as around 300 workers were evacuated at the weekend.

More from Arabian Business

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