Home The BuzzMorning briefing: 24 Apr 2013

Morning briefing: 24 Apr 2013

by Executive Staff

Economics and Policy Egypt said its economy will grow by 3.8 percent in the fiscal year starting in July as ministers outlined the 2013-14 budget to parliament Tuesday. More from Reuters The head of Lebanon's central bank Riad Salameh remains confident growth will be over 2 percent in 2013. More from The Daily Star   Morocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB). More from Reuters   Business and Companies The U.S. Treasury Department has designated Lebanese money exchange firms Kassem Rmeiti & Co. and Halawi Exchange Co as a “primary money laundering concern,” alleging they may be laundering millions of dollars of narcotics profits and funneling the money to Hezbollah. More from AFP   Higher income from investments and fees helped National Bank of Abu Dhabi, the United Arab Emirates' largest lender by market value, to a 35.5 percent

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