Business briefing: 23 Aug 2013

Syria’s efforts to step up food purchases are being thwarted by sellers unwilling to risk delays in payments from frozen foreign bank accounts.

More from Reuters

Elsewhere, Syrian government announced plans to reschedule loans and lift taxes in a bid to prop up the economy.

More from The Daily Star

The Egyptian pound dropped on the black market Thursday, dragged down as nervous companies switched into dollars after a week of deadly riots.

More from Reuters

Companies and Business

Beirut's Rafik Hariri International Airport saw a 10 percent decline in the number of passengers in July.

More from The Daily Star

Egypt has appointed Tarek al-Molla as chairman of state-run Egyptian General Petroleum Corp, the Oil Ministry said, a move that is likely to encourage foreign oil companies operating there.

More from Reuters

Bank of Sharjah has signed a $200 million club term loan facility with a group of local and international mandated lead arrangers including National Bank of Abu Dhabi.

More from Khaleej Times