Economics and Policy
Leading Lebanese business leaders have warned of total economic and financial collapse if the tense political and security situation does not end.
Lebanon’s budget deficit in the first two months of 2013 reached 16.05 percent compared to 18.1 percent in the same period of last year.
Southern Libya is rapidly becoming an ungoverned space, home to extremist groups and international smugglers, as a weak government struggles to assert control and overlapping security structures jostle violently for dominance.
Companies and Business
Accor Middle East has announced a new hotel brand for the region, Aparthotels Adagio, which will provide apartments with hotel services to particularly cater for corporate clients on extended stays.
Sales of combat aircraft in the Middle East and Asia will more than compensate for cutbacks in U.S. and European spending, Britain's BAE Systems has said.