Economics and Policy Cairo will begin repaying the more than $6 billion it owes to foreign oil firms within two months, the chairman of state-run Egyptian General Petroleum Company has said. More from Reuters Lebanon's Caretaker Prime Minister Najib Mikati cannot call for a Cabinet session to discuss oil and gas licensing without political consensus and such a meeting remains unconstitutional, the caretaker Economy and Trade Minister Nicholas Nahas has said. More from The Daily Star Gulf states will continue to fail in their quests to diversify because they insist on controlling their economies, a Qatari sheikh and former economy minister has claimed. More from Arabian Business Companies and Business Etihad Airways is close to placing an order that could kick off a $50 billion jet-buying spree from the Gulf as the region’s carriers flex their muscles in an industry hit by weak margins and high fuel prices.
