Economics and Policy Lebanese caretaker Energy Minister Gebran Bassil said new estimates for nearly half of Lebanese waters suggested the country’s reserves of natural gas and oil might be larger than previously thought. More from Reuters Egypt's closure of tunnels used to smuggle goods into the Gaza strip has caused monthly losses of $230 million to its economy. More from AFP Algeria's energy minister says a new oil field containing an estimated 1.3 billion barrels has been discovered. More from Associated Press Stability in the Gulf monarchies is essential for Egypt's security, Prime Minister Hazem Beblawi has said, a day after the United Arab Emirates pledged Cairo an extra $3.9 billion in aid. More from AFP Companies and Business Dubai developer Emaar has launched an ambitious $3bn master community project in Erbil, the capital of Iraqi Kurdistan. More from Arabian Business Jordanian lender Arab Bank
