Economics and policy Egypt's president, Mohammed Morsi, was reportedly mulling a plan to hand over security in the city of Port Said to the military as clashes between protesters and police there escalated for a third straight day. More from The National The Central Bank of Bahrain is preparing to crackdown on banks operating in the kingdom, with a set of tougher regulations the governor expects will lead smaller banks to merge and survivors to reduce profit expectations. More from Arabian Business Striking Lebanese workers have promised to expand their protests unless their demands are met More from The Daily Star The Dow Jones Industrial Average closed at a record high on Tuesday, surging more than 126 points to close at 14,253.80, its highest level since October 2007. More from Gulf Business Gasoline prices in Lebanon dropped for the first time in three months, according to
