Business briefing: 21 Oct 2013

Tunisia sticking to reforms, plus other news

Economics and Policy

Political unrest has hurt Tunisia’s growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh has said.

More from Reuters

 

The Gulf Arab state of Kuwait will allow Egypt to repay a $2 billion central bank deposit over five years instead of the current one-year timeframe, Egypt’s interim prime minister has said.

More from Reuters

 

Israel has named Karnit Flug as the first woman to head its central bank and meet the challenge of a rising shekel after a rocky selection process that dragged on for months.

More from Reuters

 

Companies and Business

Lebanon's Bank Audi saw net profits decline by 5.5 percent in the first nine months of 2013 compared to the same period last year.

More from The Daily Star

 

Harrods, the London luxury department store that was taken over by Qatar Holding in 2010, has paid a £68.6m ($111m) dividend to the sovereign wealth fund.

More from Arabian Business

 

Qatar Islamic Bank, the Gulf state's fourth-largest lender by market value, reported a 12.4 percent drop in third-quarter net profit on Sunday.

More from Reuters

 

*

Top