Economics and Policy
Cairo is hoping to start announcing details of its investment programme for this fiscal year later this month and Gulf Arab countries have agreed to provide additional financial support, a senior minister said.
Lebanon's automotive sector is doing surprisingly well in the current economic environment, up 4.33 percent in the first eight months of the year on 2012, and in comparative terms, above the GDP forecast of 1.6 percent for 2013.
GCC markets are expected to show robust economic growth over the medium term due to economic diversification of their local economies, according to an Ernst and Young (EY) forecast.
Companies and Business
Nakheel World LLC, a subsidiary of Dubai World, today agreed to repay almost AED95m ($25.8m) to a private developer which bought a piece of land from it in Dubai in 2008.