Economics and Policy Iran has denied it failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender. More from Reuters The biggest mistake deposed Egyptian President Mohammed Morsi made was stopping wheat imports, Egypt’s new supplies minister has said. More from Reuters Also in Egypt, the United Arab Emirates has transferred the $3 billion it pledged to Cairo's new government. More from Reuters Companies and Business Dubai Financial Market (DFM), the Gulf's only listed stock exchange, said second-quarter net profit surged on the back of higher trading values and renewed interest among investors lured by an economic recovery in the emirate. More from Reuters Beirut's real estate is the second most expensive in the Middle East, a new report has shown. More from The Daily Star
