Business briefing: 29 Nov 2013

Dubai Expo to boost infrastructure, plus other news

Economics and Policy

Dubai’s prolific win to host Expo 2020 will fast-track infrastructure developments such as rail projects and ramp up logistics facilities that are worth billions of dollars.

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Dubai’s measure hits a five-year closing high after the emirate was chosen to host World Expo 2020, although the benchmark gives back more than half of its intraday gains.

More from Reuters


A decrease in imports reduced Lebanon’s trade deficit in the first 10 months of 2013 by about $2.8 billion compared to the same period of 2012.

More from The Daily Star


Lebanon could face further power cuts if the outstanding dues to Electricite du Liban are not paid soon, caretaker Energy and Water Minister Gebran Bassil has warned.

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Turkey and Iraqi Kurdistan have signed a package of landmark contracts that will see the semi-autonomous region's oil and gas shipped to international markets via pipelines through Turkey.

More from Reuters