Home The Buzz Business briefing: 28 Oct 2013


Business briefing: 28 Oct 2013

Lebanon may have more oil, plus other news

by Executive Staff

Economics and Policy

Lebanese caretaker Energy Minister Gebran Bassil said new estimates for nearly half of Lebanese waters suggested the country’s reserves of natural gas and oil might be larger than previously thought.

More from Reuters

 

Egypt's closure of tunnels used to smuggle goods into the Gaza strip has caused monthly losses of $230 million to its economy.

More from AFP

 

Algeria's energy minister says a new oil field containing an estimated 1.3 billion barrels has been discovered.

More from Associated Press

 

Stability in the Gulf monarchies is essential for Egypt's security, Prime Minister Hazem Beblawi has said, a day after the United Arab Emirates pledged Cairo an extra $3.9 billion in aid.

More from AFP

 

Companies and Business

Dubai developer Emaar has launched an ambitious $3bn master community project in Erbil, the capital of Iraqi Kurdistan.

More from Arabian Business

 

Jordanian lender Arab Bank Group's nine-month net profit rose 15.4 percent to $559 million.

More from Reuters

 

Mobile telecommunications group Zain wants to expand in North Africa by taking controlling stakes in companies or winning management contracts in the region, the Kuwaiti group's chief executive said.

More from Reuters

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Executive Staff


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