Economics and Policy
The London-based Institute of International Finance has revised downward its projection for Lebanon’s 2013 GDP growth from 1.1 percent to 0.7 percent, a further indication that many international agencies do not share the government’s forecast of 2 percent.
Libya’s efforts to end a three-month stranglehold on its oil industry were dealt a significant blow when exports dropped to 20 percent of capacity following new protests at the weekend at major western fields and ports.
A Syrian state agency reissued two tenders Monday, seeking quantities of rice and sugar it has repeatedly tried and failed to obtain since June.
Etisalat, the Gulf’s No.1 telecom operator, has reported an 18 per cent drop in third-quarter profit.