Business briefing: 23 July 2013

 

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

 

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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.

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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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