The economic devastation of Syria’s war could drive the economies of neighboring Lebanon and Jordan into reverse, Syria’s former deputy prime minister has said.
Oman’s central bank has stipulated that commercial banks’ loans to small and medium-sized firms must account for at least five per cent of their total loans, in a new rule aimed at easing unemployment.
Qatar Investment Authority (QIA), actively involved in making opportunistic investments, has future aims of acquiring more trophy assets and diversifying its portfolio.
Middle Eastern governments are being warned to beef up the protection of military and government satellite communications in the face of a rising tide of cyberattacks.
Lebanese Central Bank Governor Riad Salameh has said that the the lender could not approve Middle East Airlines’ bid to acquire financially troubled Cyprus Airways as this could increase risk.
Also in aviation, Etihad Airways could more than double its stake in Virgin Australia, in a move to compete against the new alliance between Emirates and Qantas.
