Economics and Business
Turkey’s economy is showing signs of slowing, with the weakest manufacturing data in a year bolstering speculation it will miss its year-end growth target.
The Egyptian central bank unexpectedly lowered its main overnight interest rate by 50 basis points at a monetary policy committee meeting on Thursday.
Companies and Business
The World Bank Group is set to fund a $6.4 million project to boost Lebanon’s mobile Internet systems and help create employment opportunities, especially among youth and women.
Saudi Shares did not react significantly to the stock exchange’s announcement that it had appointed a new chief executive.
Abu Dhabi’s bourse climbed to a new 58-month high Thursday, backed by a bullish outlook on banks.
Middle East airlines recorded a year-on-year growth of 12.1 per cent in passenger demand during the month of June owing to the rising demand for new routes to emerging markets in Asia and Africa.
Abu Dhabi’s Etihad Airways has received final regulatory approval to acquire a 49 percent stake in Serbian airline JAT Airways and has unveiled a $200m plan to revitalise and rebrand the ailing state-owned carrier as Air Serbia.
