Home The BuzzBusiness briefing: 18 Sept 2013
The Buzz

Business briefing: 18 Sept 2013

by Executive Staff
written by Executive Staff

Economics and Policy

Lebanon’s budget deficit in the first six months of this year continued to rise amid falling revenues and increasing expenditures, the Finance Ministry has announced.

 
 

Islamic trade finance, a tiny part of global banking business, is starting to attract interest among big Western banks because of rapid growth of trade involving wealthy Gulf economies.

More from Reuters

 
 
Companies and Business
 

Two years of double-digit declines in tourism and persistently weaker domestic demand are pushing operators of several international food and beverage franchises to downsize their operations and reconsider store portfolios in Lebanon.

More from The Daily Star

 

Just Falafel, the United Arab Emirates fast-food chain planning 720 new outlets in 19 nations, is weighing the sale of a 25 percent stake in an initial public offering, two people with knowledge of the matter said.

More from Bloomberg

 

French energy firm Alstom announced that it has won a contract worth around $227 million in Saudi Arabia to supply steam turbine generators for the Shuqaiq power plant.

More from Gulf Business

 

Dubai real estate firm SKAI Holdings has recorded sales worth $653m since the launch of its $1bn Viceroy Dubai Palm Jumeirah project in May.

More from Arabian Business

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