Business briefing: 18 Nov 2013

Lebanon balance of payments reduces, plus other news

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Economics and Policy

The fall of imports this year has reduced the balance of payments deficit in Lebanon, a leading academic has said.

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The United Arab Emirates Banks Federation will recommend that the central bank fine lenders who breach stricter mortgage loan rules as it seeks to prevent a repeat of a property bubble.


Companies and Business

Gulf airlines splashed out over $150bn on new plane deals on day one of the Dubai Airshow, underscoring a shift in power in the aviation industry and giving a boost to the formal launch of Boeing's newest jet, as well as to Airbus's A380 superjumbo.

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Airbus parent EADS is close to signing a strategic deal with Abu Dhabi's Mubadala Aerospace on advanced carbon-composite aircraft parts production.

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A labourer died as he jumped from a burning building in Dubai, as around 300 workers were evacuated at the weekend.

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