Home The Buzz Business briefing: 7 Oct 2013


Business briefing: 7 Oct 2013

GCC growth expectations up, plus other news

by Executive Staff

Economics and Policy

The International Monetary Fund (IMF) has increased its forecast economic growth for the GCC to 4.4 percent in 2014.

More from Arabian Business

 

Some 2,000 jobless Moroccans have marched through the capital demanding the government sort out the nation's unemployment.

 

Kuwait believes an oil price of $100-$110 a barrel is fair for producers and consumers, the Gulf OPEC state's oil minister has said.

More from Reuters

 

Syrian President Bashar al-Assad's regime deserves credit for complying with a chemical weapons deal, US Secretary of State John Kerry has said.

More from BBC

 

Companies and Business

Saudi Arabia's Almarai reported a 5.7 percent rise in third-quarter net profit on Sunday, missing analysts' estimates despite what the company described as "the strong performance of core dairy and juice categories".

More from Reuters

 

Riyad Bank, Saudi Arabia’s third-largest lender by market value, posted a 18.8 per cent rise in its third-quarter net profit on Monday due to higher operating income and lower expenses.

More from Reuters

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