Economics and Policy
Gold fell to its weakest level in nearly a week on Thursday as strong shares boosted demand for riskier assets.
Qatar's prime minister has announced $3 billion (Dh11.02bn) in aid to Egypt, reducing pressure on Cairo to finalise a $4.8bn loan from the International Monetary Fund that would require cuts in subsidies.
Lebanon is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobonds.
The number of departing and arriving passengers at Beirut’s Rafik Hariri International Airport rose by 17 percent in March and 11 percent in the first quarter of this year, according to the Civil Aviation Authority.
Companies and Business
The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion debt restructuring, has resigned.
Dubai International Airport will have overtaken London Heathrow as the world's busiest international airport by 2015, according to the man who runs British Airways and Iberia.
Mashreq, Dubai’s second largest bank, has filed a US lawsuit accusing Netherlands-based ING Groep NV of losing 40 per cent of a $108 million investment by improperly putting the money in risky debt.
Telecom operator Zain’s Bahraini unit has received government approval to launch a long-awaited initial public offering (IPO), the company said on Wednesday.
