Home The BuzzBusiness briefing: 12 Sept 2013

Business briefing: 12 Sept 2013

by Executive Staff

Economics and Policy

Sheltering in a bomb-proof safe room in a heavily fortified office in Baghdad is the new reality for a senior Western oil executive who runs one of Iraq’s oil field mega-projects.

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Dozens of Lebanese firms are moving their operations abroad, the head of the Beirut Chamber of Commerce has said.

More from The Daily Star

 

The United States said on Wednesday it saw "troubling developments" in Iran's nuclear programme and called on the country's new president to take concrete steps soon to ease concerns about Tehran's aims.

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Companies and Business

US hotelier Marriott International is close to the sale of three hotels to an institutional buyer, the operator’s CEO said, with an Abu Dhabi government fund the most likely buyer.

More from Arabian Business

 

Abu Dhabi plans to invest $5 billion in Russian infrastructure in a venture to be set up with the country's state-backed private equity fund.

More from Reuters

 

Commercial banks in the United Arab Emirates (UAE) are expected to report net profit growth of about 20 per cent in 2013, higher than that posted last year.

More from Reuters

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