Economics and Policy
Growth in Saudi Arabia's GDP, adjusted for inflation, slowed to 2.13 percent in the first quarter of 2013 from 6.5 percent a year ago, data from the Central Department of Statistics shows.
Kuwait has delivered crude oil and diesel worth $200 million to Egypt as part of a $4-billion aid package to bolster the faltering economy.
Lebanon's Caretaker Tourism Minister has backed proposals to allow Syrian refugees to sleep in some of the country's underused hotels.
Egypt's army chief has explained his decision to remove former President Mohammed Morsi from office, his first public comments since the coup.
Companies and Business
DeVere, the independent financial consultancy firm, has confirmed its acquisition of UAE-based wealth management firm, Acuma.
Mashreq, Dubai’s third largest listed bank by assets, expects profit from its retail banking unit to double in 2013 from a year earlier.
Dubai-based port operator DP World has defended its decision not to negotiate with a workers’ union over a pay dispute at the London Gateway.