Business briefing: 27 Nov 2013

Lebanon oil firms ‘still interested’, plus other news

Economics and Policy

Most foreign oil firms are still keen to operate in Lebanon despite the delay in launching the offshore gas auction.

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FIFA president Sepp Blatter on Tuesday defended under-fire 2022 World Cup hosts Qatar over what he called “unfair” European media attacks.

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The UAE government is to spend $1.36bn building new homes for 10,000 Emiratis.

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Companies and Business

Saudi state oil company Saudi Aramco said on Tuesday it had shut some of its computers for an upgrade and denied it had suffered a cyber attack similar to one it experienced last year.

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Qatari telecommunications firm Ooredoo has launched a $1.25 billion, five-year sukuk, the firm's first Islamic bond.

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Dubai-based property firm Damac Real Estate has extended roadshows on a London IPO by four days because the verdict on Dubai's bid to host World Expo 2020.

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General Electric Co said on Tuesday it signed a nearly $700 million deal with Saudi Electricity Co to supply natural gas turbine generators.

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