Home The Buzz Business briefing:11 July 2013
The Buzz

Business briefing:11 July 2013

by Executive Staff
written by Executive Staff

Economics and Policy

Twelve billion dollars in aid from Egypt’s wealthy Gulf allies have bought Cairo a window of several months to try and stabilize its politics and repair its state finances – or face fresh economic turmoil.

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Opec conceded yesterday that the North American shale boom is challenging its position in the market.
 
 
 
Lebanom's Court of Accounts has accused the Turkish operator of an electricity-producing barge of responsibility for a month-long stoppage in power production and urged the Lebanese state to seek compensation for the breach of the agreement terms.
 
Qatar plans to spend $200 billion in construction projects over nine years, including $140 billion in transportation infrastructure, as it prepares to host the 2022 World Cup, Deloitte said in a report.
 
 
 
Companies and Business
 
Lebanese shawarma firm Shawarmanji is planning major global expansion, it has announced.
 
 

The Saudi Arabian Labour Ministry has warned abaya and lingerie shops they will be regularly and spontaneously raided to ensure men and women are not working together.

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