Home The BuzzBusiness briefing: 20 Aug 2013

Business briefing: 20 Aug 2013

by Executive Staff

Economics and Policy Saudi Foreign Minister Prince Saud al-Faisal has pledged to fill any financial gaps left by Western countries withdrawing aid from Egypt over an army crackdown on Muslim Brotherhood protesters that has left hundreds dead. More from Reuters   Elsewhere in Egypt,  authorities escalated their crackdown on deposed President Mohamed Morsi’s Muslim Brotherhood by arresting the Islamist organization’s top leader. More from Reuters   Brent crude oil strengthened above $110 a barrel Monday as the loss of Libyan oil exports tightened supply and unrest in Egypt stoked fears of lower supply. More from Reuters   Representatives of Lebanon’s private sector and government officials met Monday to discuss measures to prop up the country’s ailing economy against the backdrop of a political impasse and a deteriorating security situation. More from The Daily Star   Qatar’s government spending rose 2.2 per cent to a record QAR178.2 billion ($48.9 billion) in

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