Home The BuzzBusiness briefing: 14 Aug 2013

Business briefing: 14 Aug 2013

by Executive Staff

Economics and Policy

Russia has said an international peace conference on Syria is unlikely to take place before October because of "other events."

More from AFP

 

Saudi Arabia’s inflation rate is estimated to reach 4.5 per cent this year, due to the strong performance of the Kingdom’s non-oil sectors, projected a Kuwait Finance House (KFH) report.

More from Reuters

 

OPEC oil producer Libya told its customers on Tuesday it could make no promises on crude deliveries next month as on-off strikes paralysed its major sea terminals.

More from Reuters

 

Brent crude oil rose toward $110 per barrel Tuesday after oil exports from Libya fell to their lowest for two years.

More from Reuters


Companies and Business
 
Security at the Jiyyeh power plant in south Lebanon has been bolstered as part of efforts to protect a Turkish electricity barge that arrived a day earlier.

More from The Daily Star

 

Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, has agreed to sell aerospace communications firm Arinc for $1.39bn to Rockwell Collins.

More from Arabian Business

 

Jeddah-based Alkhabeer Capital says it plans to broaden its investments around the Gulf and seek a listing on the Saudi stock exchange, underscoring an improvement of investor sentiment in the region.

More from Reuters

 

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