Home The Buzz Business briefing: 9 Oct 2013
The Buzz

Business briefing: 9 Oct 2013

by Executive Staff
written by Executive Staff

Economics and Policy

A leading company has said that international oil firms were not willing to explore for gas in the disputed territorial waters with Israel until the demarcation of this area was completed and voiced support for auctioning off all of Lebanon’s 10 blocks to the bidding companies.

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Turkey has lifted a ban on women wearing the Islamic head scarf in state institutions, ending a decades-old restriction as part of a package of reforms meant to bolster democracy.

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Companies and Business

Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a flat third-quarter net profit on Tuesday, coming in slightly below the average forecast of analysts.

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Qatar National Bank (QNB), the largest listed lender in the Gulf Arab region, posted an 14.3 per cent jump in third-quarter net profit on Tuesday.

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The Lebanese government officially signed a contract Monday with Emirati port management firm Gulftainer to rehabilitate and operate the Tripoli port.

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Saudi Arabian Mining Co (Ma'aden) has announced its third-quarter net profit more than trebled on the back of contract receipts from a phosphate joint venture.

More from Reuters

 

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