Economics and Policy
Gulf Arab countries are considering taking action against Hezbollah if the Lebanese movement continues its involvement in Syria’s civil war or interferes in Gulf Arab affairs, Bahrain’s deputy foreign minister said on Sunday.
The news came after Hezbollah was accused of killing at least 12 Syrian rebels inside Lebanese territory.
A group of Kuwaiti legislators have agreed to scrap a law enforcing gender segregation at schools and universities, although males and females would still have to be separated within the same classroom.
Authorities in Jordan have issued orders to the country’s internet services providers (ISPs) to block access to more than 200 websites including Al Jazeera.
Companies and Business
Hydra Properties is still $100 million short on its outstanding payments owed to homeowners who won legal cases against the developer for delayed and cancelled real estate projects in Abu Dhabi.
Kuwait Finance House (KFH), the Gulf Arab state's largest Islamic bank, will begin a $223.9m capital increase program this week to fund the bank's expansion and strengthen its balance sheet.
Property investors snapped up 350 newly-launched villas from Nakheel in five hours on Sunday, bringing in sales values in excess of $381m.
Dubai mall developer Majid Al Futtaim (MAF), has delayed plans to raise at least $500m from a hybrid bond sale to fund its recent buyout of Carrefour's stake in a joint venture.
