Morning briefing: 8 Jan 2013

Lebanon’s farmers braced for storm damage, plus other news

Economics

Brent crude futures steadied above US$111 per barrel on Tuesday, trading in a tight range, as investors opted for caution ahead of key data from China and a European Central Bank meeting this week.

More from Reuters

 

The agricultural sector in Lebanon is bracing for extensive damage from the harsh winter storm sweeping, said the Farmers Association Monday, lamenting the absence of any formal compensation framework.

More from The Daily Star

 

Cypriot President Demetris Christofias will pay an official visit to Lebanon on Thursday to discuss the prospects of cooperation in the exploitation of offshore oil and gas.

More from The Daily Star

 

Iraq has promoted former South Oil Company chief Fayadh Hassan Nima to be the deputy oil minister for downstream, the first of many changes to be made to the leadership within the Oil Ministry as age limits force skilled staff into retirement.

More from Iraq Oil Report

 

The UAE’s non-oil private sector recorded a 19-month high growth in December 2012 and that marks a positive start for the country’s economy in 2013.

More from Khaleej Times

 

Kurdistan has begun to export crude oil directly to world oil markets through Turkey, industry sources said on Monday, which poses the biggest challenge yet to Baghdad's claim to full control over Iraqi oil.

More from Reuters

 

Companies

Qatar Airways has launched its first new route of 2013 with the introduction of scheduled services to Gassim in the Kingdom of Saudi Arabia.

More from AME Info

 

The biggest threat facing Dubai's residential real estate market in 2013 is overconfidence, which could result in unsustainable growth, according to a new report by Jones Lang Lasalle.

More from AME Info

 

Dubai contractor Arabtec has won a key $653m contract to build Abu Dhabi’s version of the Louvre museum.

More from Arabian Business

 

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