Home The Buzz Business briefing: 1 Nov 2013


Business briefing: 1 Nov 2013

Russian banks strengthen Syria ties, plus other news

by Executive Staff

Economics and Policy

Intent on supplying his government with arms, oil and food, Syrian President Bashar Assad has turned to Russian banks to access world markets, and the lenders could open more doors to him, despite a risk of isolation from the U.S. banking system.

More from Reuters

 

Lebanon’s impoverished class will suffer the most from the long-running Syrian crisis, the World Bank has said.

More from The Daily Star

 

Iraq’s northern Kurdistan region plans to build a second new oil export pipeline to Turkey within the next two years as it ramps up output independently of Baghdad.

More from Reuters

 

Morocco has secured a $895m loan from German state-owned bank KFW to part-finance two solar power plants totalling 300 megawatts worth an estimated €1.7bn.

More from Reuters

 

Companies and Business

The National Bank of Abu Dhabi has said its nine-month net profit surged 13.8 per cent as the bank maintained its solid balance sheet and strong capital position.

More from Khaleej Times

 

Kuwait's Gulf Bank posted a 2.4 percent rise in net profit in the third quarter.

More from Reuters

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