Economics and Policy
Saudi Arabia has switched its weekend to Friday-Saturday, bringing the kingdom into line with the other Arabian Gulf states.
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.
France and Qatar have launched a mixed Franco-Qatari fund Sunday to invest 300 million euros in small and medium-sized French companies.
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.
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.
Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650 million rights share issue.
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.