Home The BuzzBusiness briefing: 24 June 2013
The Buzz

Business briefing: 24 June 2013

by Executive Staff
written by Executive Staff

Economics and Policy

Saudi Arabia has switched its weekend to Friday-Saturday, bringing the kingdom into line with the other Arabian Gulf states.

More from The National

The Iranian rial has strengthened by more than 15 percent against the dollar since the victory of moderate Hassan Rouhani who was elected president more than a week ago.

More from AFP

France and Qatar have launched a mixed Franco-Qatari fund Sunday to invest 300 million euros in small and medium-sized French companies.

More from Reuters

Dubai’s benchmark stock index tumbled the most in more than a year as concern the US may reduce fiscal stimulus prompted a sell-off in emerging markets.

More from Bloomberg

Companies and Business

Lebanese real estate activity slowed in the first five months of 2013 with both the number of transactions and value dropping around 8 percent year-on-year.

More from The Daily Star

Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650 million rights share issue.

More from Reuters

 

A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain.

More from Reuters

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