Business briefing: 17 Dec 2013

UN seeks $6.5 billion for Syria crisis, plus other news

Economics and Policy

The United Nations appealed for a record $6.5bn for Syria and its neighbours on Monday to help 16 million people, many of them hungry or homeless victims of a conflict that has lasted 33 months with no end in sight.

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New car sales in Lebanon are forecast to decrease in 2014 as the country’s deteriorating economic situation reduced the number of imported cars registered by 6 percent in the first 11 months of 2013, the Association of Automobile Importers has said.

More from The Daily Star


Qatar’s economy is likely to grow 6.0 per cent this year, slightly faster than previously expected, partly because of higher gas production, the Ministry of Development Planning and Statistics has said.

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The authorities in Egypt have had an unfortunate start in their attempt to publicise next month's referendum on a new draft constitution after a mistake with their poster.

More from The BBC


Companies and Business

Bank of Sharjah expects net profit growth of around 25-30 percent in both 2013 and 2014, aided by an improved performance of the economy in the UAE, its chief executive said.

More from Reuters