Home The BuzzBusiness briefing: 27 August 2013

Business briefing: 27 August 2013

by Executive Staff

Economics and Policy The Turkish lira was headed for the weakest level on record Monday as the central bank provided funds to banks at its benchmark 4.5 percent rate for the first time in six days. More from Bloomberg   In more bad news for Ankara, Abu Dhabi National Energy Co. may shelve a $12 billion power project in Turkey amid a deteriorating economic outlook and increasingly difficult financing conditions. More from Reuters   The Egyptian pound strengthened on the black market on Monday as fears the country might be sliding into a period of sustained violence eased after a protest Friday passed relatively peacefully. More from Reuters Iraq’s Oil Ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue due to production delays. More from AFP   Companies and Business International tourist arrivals to the Middle East grew by 13 percent during

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