Home The BuzzBusiness briefing: 10 Sept 2013

Business briefing: 10 Sept 2013
ENAR

by Executive Staff

Economics and Policy

Most Gulf bourses resumed declines Monday as the U.S. Congress prepared to debate on whether or not to approve a military strike on Syria.

More from Reuters

 

British energy giant BP has said it had discovered a "significant" amount of gas in the East Nile Delta after drilling the deepest ever well in the region.

More from AFP

 

Egyptian troops and tanks backed by helicopter gunships swept through villages in the northern Sinai Peninsula, in a continuing attack on alleged militants.

More from Associated Press

 
Elsewhere in Egypt, Qatar has agreed to convert a $2 billion deposit with Egypt’s central bank into bonds within a week.
 
 
 
Companies and Business
 
House prices around the world rose 2.4 percent in the second quarter of 2013, with Dubai storming ahead and leading the pack with a 5 percent quarterly increase a surge of 21.7 percent year-on-year in the last twelve months.
 
 
 
Lebanon’s telecoms revenues – a key income for the cash-strapped government – have seen a moderate decline this year amid a slowing economy and customers shifting away from text and calls to free messaging and Voice over Internet Protocol applications.

More from The Daily Star

 

The European Union has granted Lebanon the right to export 50,000 tons of potatoes, reversing a decadelong export prohibition, the Agriculture Ministry has said.

More from The Daily Star

 

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