Economics and Policy
Lebanon is suceeding in its bid to limit increases in prices during Ramadan, government officials have said.
The ouster of President Mohammed Morsi may give Egypt’s economy its best chance since the 2011 revolution to escape a downward spiral of currency weakness, capital flight and crumbling state finances
Dubai, facing debt repayments of about $50 billion over the next three years, is finally getting serious about selling off assets to raise money – a key component of its repayment strategy.
Companies and Business
Abu Dhabi Islamic Bank (ADIB) has closed a $360m syndicated Islamic facility for one of the largest operator's and owner of jack-up barges in the region.
Almarai, Saudi Arabia's largest food producer, posted a 5 per cent increase in second-quarter profit as its dairy, juice and bakery business grew.