Home The BuzzBusiness briefing: 23 July 2013

Business briefing: 23 July 2013

by Executive Staff

Economics and Policy

The European Union has placed Lebanese party Hezbollah's military wing on its terrorism blacklist because of its alleged role in plots in Europe and the Syrian civil war.

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Lebanon has resumed collection of inflation data after a six month gap.
 
 

Iraq has signed an agreement to import natural gas from Iran for power generation.

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Companies and Business
 
Lebanon's Blom Bank saw profits rise by 6.4 percent in the first half of 2013 compared to the same period last year, despite political turmoil in the country.

Prime residential sales prices in Abu Dhabi increased by five percent during the second quarter of 2013, according to a new report by Jones Lang LaSalle.

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UAE-based bank Emirates NBD beat estimates for second-quarter profit as the rebounding economy drove demand for new loans and the bank lowered its forecasts for bad debts this year.

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