Home The BuzzBusiness briefing: 13 Aug 2013
The Buzz

Business briefing: 13 Aug 2013

by Executive Staff
written by Executive Staff

Economics and Policy

A group representing tourism-related businesses in Lebanon has called on the government to take swift steps to remedy the problems facing the sector.

More from The Daily Star

 
 
The call comes after industry experts estimated that the kidnapping of two Turkish pilots in Beirut is likely to further disrupt Lebanon's faltering tourism industry.
 

 

The UAE's central bank is under pressure to break the regulatory impasse in its negotiations with the financial industry after eight months with little to show for its latest efforts.

More from The National

 

Sudan has postponed its deadline for the closure of the economically vital pipeline network carrying South Sudanese oil until next month.

More from AFP

 

Companies and Business
 
Lenders including Deutsche Bank, HSBC and China Development Bank are resisting calls by Saudi Telecom (STC) to restructure a loan that could potentially leave them with losses of up to $600 million.
 
 
 

India’s Hindustan Petroleum will resume buying Iranian crude if the government unveils an adequate backup plan for local insurers to provide cover for its refineries.

More from Reuters

 

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