Home The BuzzBusiness briefing: 30 Aug 2013

Business briefing: 30 Aug 2013

by Executive Staff

Economics and Policy

Total deposits at Lebanese banks grew 5 percent in the first half of the year, head of the Association of Banks in Lebanon Francois Bassil said on Thursday.

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Strong growth in the U.S. economy and signs of a delay in expected Western military strikes on Syria lifted equities worldwide on Thursday.

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Kuwait and Saudi Arabia have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land.

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Despite this dispute, Saudi Arabia is set to pump 10.5 million barrels a day of crude in the third quarter, a million bpd increment over the second quarter and its highest quarterly level of production ever.

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Companies and Business

Al Jazeera's new American TV network attracted poor audience figures for its first full week, according to Variety magazine.

More from Arabian Business

 

Around 50 entrepreneurs in Beirut took part in an intensive training session hosted this week by the Amman-based accelerator Oasis 500.

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In the UAE, meanwhile, while start-ups are benefiting from a more positive economic environment in Dubai, getting financing to grow their businesses remains an obstacle.

More from The National

 

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