Economics and Policy
Egypt's central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.
The Middle East Quartet published a plan on Thursday to revive the ailing Palestinian economy, in an effort to support peace negotiations between Israel and the Palestinians.
The Arab Monetary Fund (AMF) has extended $117 million in credit facilities to Jordan to help the aid-dependent country make faster progress in structural economic reforms.
Companies and Business
A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt international investors to shift funds to sub-Saharan real estate.
Mubadala, the Abu Dhabi investment fund with a mandate to develop the emirate’s local economy, on Thursday posted a 10.4 per cent rise in first-half profit boosted mainly by income from financial investments.
Airlines in the Middle East will splash out $550bn on growing their fleets over the next 20 years, according to a new forecast from US manufacturer Boeing.
Small- and medium-size Lebanese banks are looking into ways to survive in a competitive local market amid international demands to increase their capital.
