Home The Buzz Business briefing: 4 Sept 2013


Business briefing: 4 Sept 2013

Lebanon hit by private sector strike, plus other news

by Executive Staff

Economics and Policy

Numerous Lebanese private institutions announced Tuesday their intention to join Wednesday’s first private sector-led general strike in years.

More from The Daily Star

 

Saudi Arabia’s annual economic growth rose to 2.7 per cent in the second quarter after a weaker six months as non-oil expansion remained robust while a decline in the oil sector eased.

More from Reuters

 

U.S. President Barack Obama won the backing of key figures in the U.S. Congress, including Republicans, in his call for limited U.S. strikes on Syria to punish President Bashar al-Assad for his alleged use of chemical weapons against civilians.

More from Reuters


Companies and Business
 

The Turkish electricity barge Orhan Bey has successfully connected to the Jiyyeh power plant in Lebanon and started supplying energy.

More from The Daily Star

 
 
The growth in net profits of the 13 largest banks in Lebanon fell to 1.3 percent in the first half of 2013 from 7.7 percent in the same period of last year.

More from The Daily Star

 

Egypt’s El Sewedy Electric, the Arab world’s biggest listed cable maker, said on Tuesday second quarter net income surged 159 per cent year-on-year as wire and cable revenue rose.

More from Reuters

 

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