Home The BuzzBusiness briefing: 27 June 2013
The Buzz

Business briefing: 27 June 2013

by Executive Staff
written by Executive Staff

Economics and Policy

Cyprus has agreed a deal with a US-Israeli partnership to build a liquefied natural gas plant on the island to exploit untapped energy riches, undermining the potential of an agreement with Lebanon.

More from The Daily Star

 

Foreign direct investment to Lebanon rose 18.75 percent in 2012 to $3.8 billion, according to a new UN report.

More from The Daily Star

 

Egyptian President Mohamed Mursi, in an address to the nation, has said that the polarised state of the country’s politics is threatening democracy and could plunge the nation into chaos.

More from Reuters

 

Saudi Arabia's religious authorities have approved a request by the government to reduce the number of pilgrims permitted at Islam's annual haj this year to allow expansion work at Makkah's Grand Mosque.

More from Reuters

 
 
Companies and Business
 
The Lebanese-Canadian Bank has reached a $102 million settlement with the U.S. government over allegations it took part in a scheme to launder drug money and other funds for terrorists, prosecutors said.

Loss-making telecom operator Zain Saudi has gained more time – until July 31 – to repay a $2.4bn Islamic loan due on Wednesday.

More from Reuters

 

The director-general of Qatar-based Al Jazeera satellite news network has resigned to take up a post in the newly reshuffled government, the station has said.

More from Reuters

You may also like

Lebanon’s grand plans for a new capital

Cleisthenes, meet Ares

Deficiency reigns

In photos: Fashioning jewelry

A very holy month

Where to watch the World Cup

Broadcasting the World Cup

In photos: Beirut Design Week

A broadcast game

Just like a wavin’ flag