Economics and Policy
The number of tourists to Lebanon dropped by 10 percent in the first eight months of 2013 compared to the same period last year, with European visitors topping the list ahead of Arabs for the first time in years.
Companies and Business
Dubai has appointed Essa Kazim, currently chief executive of bourse operator Dubai Financial Market (DFM), as the new governor of the emirate’s tax-free financial zone, state news agency WAM reported.
Around two thirds of the small and medium enterprises (SMEs) in Saudi Arabia are planning to expand in international markets, a survey found.
A planned $1 billion Real Madrid-branded resort in Ras al-Khaimah (RAK) has been scrapped after the project organiser defaulted on payments.
Qatar National Bank (QNB) has signed a 10 year QR1.548bn ($425m) loan facility agreement with United Development Company (UDC), the master developer behind The Pearl-Qatar in Doha.
