Home The Buzz Business briefing: 5 Aug 2013

Business briefing: 5 Aug 2013

by Executive Staff

Economics and Politics

Lebanon's finance minister Mohammad Safadi has denied claims that payments to public sector workers will be delayed in August, saying the government will soon authorize $794 million of extra spending in an “urgent” decree.

More from The Daily Star


Elsewhere in Lebanon a second Turkish power ship is reportedly set to arrive in Lebanon today, despite an ongoing dispute with the government.

More from The Daily Star

 

Syrian traders who price goods in foreign currency will face up to 10 years in jail, the government announced Sunday in a move aimed at stemming the increasing dollarization of an economy crippled by two years of civil war.

More from Reuters


Companies and Business

Income at UAE energy giant Dana Gas ell by almost half during the second quarter after lost production in the Kurdish region of Iraq and difficulties collecting debts from Egypt.

More from The National

The computer security firm Kaspersky Lab is expecting growth of 21 per cent by the end of this year across the Middle East and North Africa (Mena) Region.

More from The National

 

Saudi Arabia plans to spend about $800 million acquiring land in Riyadh to build the capital’s first metro rail system.

More from Reuters

Saudi Electricity Co (SEC) signed a contract with South Korea's Hyundai Heavy Industries Co Ltd (HHI) to build a $3.4bn power plant in Shuqaiq.

More from Reuters

 

Support our fight for economic liberty &
the freedom of the entrepreneurial mind
DONATE NOW

You may also like