Economics and Policy
Lebanon's caretaker Finance Minister Mohammad Safadi has warned that growth was unlikely to exceed 1.5 percent in 2013 – and it could flatline next year.
China is moving further into Iraq, increasing its investments in the country's oil.
Oman plans to launch construction of the first part of a $15 billion rail network in the fourth quarter of 2014.
Companies and Business
The Christie’s auction in Dubai has recorded the highest price ever price paid for a painting by a female artist from the region, when Fahr El Nissa Zeid’s ‘Break of the Atom and Vegetal Life’ sold for $2,741,000.
The Jumeirah Group, a luxury hotel chain and a member of Dubai Holding, announced today that it has raised a $1.4 billion unsecured syndicated loan for further expansion.
Saudi Arabia’s bourse broke a three-session losing streak Wednesday after two of its top telecoms operators posted estimate-beatings earnings and lifted sentiment, while Egyptian shares rallied in mixed regional markets.
