Home The Buzz Business briefing: 26 August 2013


Business briefing: 26 August 2013

Iran to stop cash handouts, plus other news

by Executive Staff

Economics and Policy

Iran will stop paying monthly cash handouts to citizens who don’t need the aid, Shargh reported Sunday, citing a member of parliament.

More from Bloomberg

 

Elsewhere in Iran, the country's new oil minister has said the country is being hurt by high oil prices.

More from Reuters

 

Sudan earned at least $230 million in fees for the export of South Sudanese oil this year, official media reported Sunday.

More from AFP

 

Egypt’s premier said comments by International Monetary Fund Managing Director Christine Lagarde acknowledge that Egypt needs assistance.

More from Bloomberg

 
Companies and Business
 

Dubai's bourse on Sunday posted its largest one-day gain in August as small-caps surged on buying by retail investors, while Egypt rose for a fourth straight session after curfew hours were reduced.

More from Reuters

 

Al Jazeera has accused US cable firm AT&T of coming up with a “pretextual scheme” and having “acted in bad faith” after it refused to carry the Qatari broadcaster’s US channel at the 11th hour.

More from Arabian Business

 

Lebanon's FFA Private Bank has started financing Hollywood films.

More from The Daily Star

 

Global contractors have been invited to submit bids for rights to construct a US$2.5 billion airport in Iraq.

More from The National

 

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Executive Staff


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