Home The Buzz Business briefing: 14 June 2013


Business briefing: 14 June 2013

World Bank cuts Lebanon growth, plus other news

by Executive Staff

Economics and Policy

The World Bank has slashed its projection for Lebanon’s GDP growth in 2013 to 2 percent from 2.8 percent.

More from The Daily Star

 

Lebanon’s investor risk surged to the highest level in 10 months amid concern that sectarian violence may escalate after Hezbollah openly joined the war in neighboring Syria.

More from Bloomberg

 

A planned leadership change that could see Qatar's US-allied Emir eventually ceding power to his son is unlikely to change the Gulf state's taste for bold investments overseas, analysts predict.

More from Reuters

Egypt’s central bank said it had suspended its Tuesday deposit auction and would hold a repurchase agreement (repo) auction in its place, a move bankers said was designed to give some banks access to more liquidity.

More from Reuters
 

The IMF has warned Dubai's companies over increased borrowing.

More from The National


Companies and Business

Unatrac Holding, the distributor of Caterpillar equipment in eight mainly African countries, has signed a $700m, three-year loan to fund operations and refinance existing debt.

More from Reuters

 

Online advertising in the Middle East and North Africa region is growing at 37 per cent per year to hit $2.8 billion in 2016.

More from Khaleej Times

 

Abu Dhabi's Aldar Properties and Sorouh Real Estate surged Thursday after the developers said no objections were raised by creditors of Sorouh to a state-backed merger of the two firms set for end of June.

More from Reuters

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