Home The Buzz Business briefing: 21 Oct 2013

Business briefing: 21 Oct 2013

Tunisia sticking to reforms, plus other news

by Executive Staff

Economics and Policy

Political unrest has hurt Tunisia’s growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh has said.

More from Reuters


The Gulf Arab state of Kuwait will allow Egypt to repay a $2 billion central bank deposit over five years instead of the current one-year timeframe, Egypt’s interim prime minister has said.

More from Reuters


Israel has named Karnit Flug as the first woman to head its central bank and meet the challenge of a rising shekel after a rocky selection process that dragged on for months.

More from Reuters


Companies and Business

Lebanon's Bank Audi saw net profits decline by 5.5 percent in the first nine months of 2013 compared to the same period last year.

More from The Daily Star


Harrods, the London luxury department store that was taken over by Qatar Holding in 2010, has paid a £68.6m ($111m) dividend to the sovereign wealth fund.

More from Arabian Business


Qatar Islamic Bank, the Gulf state's fourth-largest lender by market value, reported a 12.4 percent drop in third-quarter net profit on Sunday.

More from Reuters


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