Business briefing: 19 Nov 2013

Iranian state gas company ‘bankrupt’, plus other news

Economics and Policy

A new stimulus package from Lebanon’s Central Bank will boost economic activity in 2014, economists have said.

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Iran’s state-owned National Iranian Gas Co. has declared bankruptcy with more than $4 billion in debt, local media has reported.

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Libya's deputy intelligence chief was kidnapped outside Tripoli's international airport on Sunday, a month after the prime minister was snatched by militiamen.

More from Reuters


Companies and Business

Emirates' appetite for plane purchases will not cease, the airline's president Tim Clark has said, a day after the Dubai-based carrier ordered 200 planes from Boeing and Airbus.

More from AFP


Foreign sales of the V-22 tilt-rotor aircraft built by Boeing Co and Bell Helicopter could grow significantly in the "very near future," top US military officials said, citing interest in both military uses and for VIP transports.

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Abu Dhabi’s largest lenders are embarking on an overseas expansion drive in pursuit of a $137 billion corporate-banking market stretching from Asia to Africa.

More from Bloomberg