Home The BuzzBusiness briefing: 1 Aug 2013

Business briefing: 1 Aug 2013

by Executive Staff

Economics and Policy Cyprus is making good progress in meeting the conditions of its multibillion-euro bailout, but the high level of uncertainty over its economic outlook means that authorities must remain vigilant, the country’s international creditors have said. More from Associated Press   Egypt’s state gas company EGAS will cut back on the amount of gas it supplies to factories to keep electricity plants running instead during the peak summer months. More from Reuters   Lebanon's Caretaker Finance Minister Mohammad Safadi has denied reports that he sounded the alarm over a lack of liquidity at the Treasury. More from The Daily Star   The Eid Al Fitr paid holiday for private sector employees in the UAE will likely be August 8-9, if Ramadan is 29 days this year. More from Arabian Business   More than 5.5 million tourists visited Dubai in the first half of 2013, an 11.1 percent year-on-year

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