Business briefing: 6 Nov 2013

Syria pound surges against dollar, plus other news

Economics and Policy

The severely weakened Syrian pound has surged against the dollar in recent days, with experts pointing to central bank intervention and developments favorable to the regime.

More from The Daily Star

Iran will lead a club of the world’s biggest natural gas exporters as its own shipments abroad are hampered by US and European Union sanctions that force the country to burn off billions of dollars worth of the fuel.

More from Bloomberg

The president of Consumers Lebanon believes that the consumer price index was unlikely to rise further in the coming months following a 2 percent increase in July 2013 compared to the same period last year.

More from The Daily Star


Companies and Business

Saudi Arabia's market watchdog has approved share sales by two companies based in the kingdom that will take place before the end of the year, the first such listings since May.

More from Reuters


Vivendi has agreed terms to sell its 53 per cent stake in Maroc Telecom to the UAE’s Etisalat for $5.67 billion, the latest step in the French conglomerate’s attempts to become more media-focused.

More from Reuters