Economics and Policy
Lebanon’s economy may grow faster than economists expect this year, the country’s central bank governor has said.
But a World Bank forecast that predicts Lebanon’s unemployment rate will double in 2014 is still underestimating unemployment, according to local economists.
Qatar's real growth in gross domestic product slowed slightly to 6.0 percent year-on-year in the second quarter of 2013 from 6.2 percent in the first, dampened by a drop in global oil prices.
Egypt has received $7 billion out of the $12 billion in aid pledged by Gulf countries, its central bank governor has said.
Companies and Business
Three Gulf companies recently have been banned from working on projects associated with the World Bank under its corruption and fraud policy.
Dubai’s Majid Al Futtaim Holding, the sole franchisee of hypermarket chain Carrefour in the Middle East, will not pursue investments in Egypt and Syria until stability returns to the two countries.