Home The Buzz Business briefing: 11 Oct 2013

Business briefing: 11 Oct 2013

Lebanon ‘unlikely’ to get aid, plus other news

by Executive Staff

Economics and Policy

Lebanon may not get sufficient funds from the donor states to cope with the huge influx of Syrian refugees to the country, caretaker Finance Minister Mohammad Safadi has said.

More from The Daily Star


OPEC further lowered the forecast demand for its crude in the fourth quarter and 2014, and said its production remained higher than next year’s global requirement despite a plunge in Iraqi and Libyan output.

More from Reuters


International trade unionists inspecting the plight of migrant labor in Qatar Thursday urged immediate “bolder” steps by the 2022 football World Cup host country to protect workers, mostly Asians.

More from AFP

Companies and Business

The Oman Oil Company agreed to buy German chemicals maker Oxea from buyout firm Advent International to expand into downstream activities in a dea worth about $2.4 billion.

More from Reuters


Siemens's share of a major contract to supply trains for a new subway system in the Saudi Arabian capital of Riyadh is worth $2 billion, the German group has said.

More from Reuters


Initial public offering value levels in the MENA region fell by 45.3 per cent in Q3 2012 as compared to the same period last year, according to Ernst & Young’s (EY) MENA Q3 2013 IPO update.

More from Gulf Business


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