Business briefing: 20 Nov 2013

Lebanon bombings ‘last straw’ for economy, plus other news

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Economics and Policy

Tuesday’s bombing of the Iranian Embassy in Beirut will damage efforts to encourage investment in Lebanon, experts told The Daily Star, warning that another spate of deadly bombings linked to the war in Syria might be the last straw for the economy.

More from The Daily Star


Syria’s army has pushed rebels out of the mountain town of Qara near Lebanon, strengthening its hold on a highway linking the capital to regime strongholds along the Mediterranean coast.

More from The Daily Star


Iraq’s oil industry is poised for a second year of only modest growth in 2014, starting off slowly as extensive work at a major port curbs exports and red tape and violence prompt some oil firms to delay projects.

More from Reuters


Egypt’s natural gas shipments are set to drop by about half this year, undermining the military led-government’s attempts to stabilize the largest economy in North Africa.

Kuwait will loan African countries $1 billion over the next five years and invest another $1 billion, the ruler of the Gulf state said at an economic development conference on Tuesday.


Companies and Business

Dubai’s property market is not “overheating” and recent government regulations are “prompting a cooling in the pace of growth,” according to the Q3 property report from consultant Cluttons.

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