Home The Buzz Business briefing: 31 May 2013

Business briefing: 31 May 2013

by Executive Staff

Economics and Policy

The extension of Parliament’s term and the prospect of forming a new government will have little impact on the Lebanese economy but may slow the worsening of financial indicators until a resolution of the Syrian crisis, experts have said.

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Iraq estimates that it will complete reparations payments to neighbouring Kuwait in 2015 for Saddam Hussein's 1990 invasion, Foreign Minister Hoshyar Zebari said on Thursday.

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Israel's Housing Ministry says it has given the final go-ahead for the construction of 300 new homes in a Jewish settlement in east Jerusalem.

More from The National

 

Tunisia’s central bank said it intervened in the country’s foreign exchange market this month to support the local dinar after it fell to a record low.

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Desert locusts may threaten crops along the border between Israel and Egypt as swarms have started forming following hatching in the Sinai Peninsula last month, the United Nations said.

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Companies and Business

Nine years before the Fifa World Cup comes to the Middle East, Qatar is ramping up its infrastructure as it prepares to host an influx of around 500,000 football fans.

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Alfa, one of Lebanon’s two mobile phone operators, has grown rapidly in the past two years.

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