Home The Buzz Business briefing: 24 July 2013

Business briefing: 24 July 2013

by Executive Staff

Economics and Policy

Plans by Gulf countries to crack down on Hezbollah may pose a bigger threat to Lebanon’s fragile public finances than to the party itself.

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Turkey’s central bank has raised interest rates and said it would, if necessary, take further steps to stop the lira from falling.

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Consumer debt in the UAE has reached $95,000 per household, or $114bn in total, according to new research.

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Syria's opposition coalition has again said it does not have enough sophisticated weapons to turn the tide against forces loyal to President Bashar al-Assad.

More from Reuters

 

 
Companies and Business
 
National Bank of Abu Dhabi, the UAE's largest lender, reported a sharp rise in profits yesterday as the lender posted its first results under its new chief executive.

 

 

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