Business briefing: 16 Jan 2014

UAE, Iran deal on disputed islands, plus other news

Economics and Policy

Authorities in the UAE and Iran may have reached a tentative agreement to end a long-running dispute over three islands in the Gulf.

More from Arabian Business


The US Marine Corps says it is trying to determine the authenticity of images published by a celebrity gossip website that appear to show marines burning the bodies of dead Iraqis.

More from The BBC


Canada is considering limiting the rights of dual citizens who live outside the country or travel on a foreign passport, including not providing consular assistance.

More from Arabian Business


Companies and Business

Saudi Gulf Airlines, a new carrier born of the deregulation of Saudi Arabia's aviation market, has signed a $2 billion deal with Canada's Bombardier Inc to buy 16 CSeries jets with options for 10 more.

More from Reuters


The Basel III III requirements and fierce competition are leading to further consolidation in Lebanon’s banking sector, as several foreign-owned lenders move to sell their retail business in the country, experts agree.

More from The Daily Star