Home The Buzz Business briefing: 6 Aug 2013

Business briefing: 6 Aug 2013

by Executive Staff

Economics and Policy

Egypt’s foreign reserves rose to their highest level in almost two years, reaching $18.8 billion at the end of July, according to the latest central bank figures.

More from the Associated Press

Lebanon and Iraq are starting negotiations toward settling more than $900 million of private sector debt owed by the Iraqi state to Lebanese companies since the 1980s, but the process is expected to take time before the issue is resolved.

More from The Daily Star

Saudi Arabia's main stock index rose above the 8,000-point level on Monday for the first time in nearly five years.

More from Reuters

 
 
Companies and Business

Commercial Bank of Qatar, the Gulf Arab state’s second-largest lender by assets, named Abdulla Saleh al-Raisi as its chief executive officer.

More from Reuters

Profits at Dubai-based construction company Drake and Scull International rose 63 per cent year on year to $14 million during the three months to June as the Dubai-based contractor benefited from a revival in construction markets in Saudi Arabia and the UAE.

More from The National

 

Budget airline Air Arabia, United Arab Emirates’ only publicly-listed carrier, reported an 15 per cent increase in second-quarter net profit as it carried more passengers.

More from Reuters

 

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