Lebanese Prime Minister Najib Mikati said on Wednesday that despite the drop in the number of tourists this year compared to previous years, the banking sector in Lebanon saw its customer deposits surge.
Gold could see record average highs this year and next, but its 12-year long bull run may be reaching a plateau as gains get smaller on expectations for monetary policy to stabilise in the United States and other key economies, a Reuters poll showed.
The vice-speaker in Algeria’s parliament, Mohamed Djemani, noted that his country’s relationship with Iran has strengthened recently and voiced the hope that it would continue to do so in the future.
Benghazi is seeking to become the development capital of Libya, with a number of new projects lined up.
Jordanians have voted for the first time since the Arab Spring uprisings began in 2010, testing King Abdullah II's unprecedented political campaign to allay public frustration and encourage voting.
Companies
Kuwait’s parliament approved an amended draft law on Wednesday paving the way for the long-overdue privatisation of Kuwait Airways, state-run news agency KUNA reported.
AM Financials, a Lebanese financial institution offering online equities trading, has terminated its operations after the Central Bank withdrew its license.
More from Lebanon Business News
Debt-ridden developer Nakheel has announced a 57 per cent profit surge to AED2.017bn for the year ending December 31 2012. The company also saw revenues come in at AED7.8 billion, up 91 per cent over the same period.
