Home The Buzz Morning briefing: 11 Jan 2013


Morning briefing: 11 Jan 2013

Iraq threatens to sue Kurdistan, plus other news

by Executive Staff

Economy

In a push to assert its authority over Iraq's fractious oil sector, the federal Oil Ministry has stated its intention to seize crude, natural gas and fuel shipped outside the country without its approval and to prosecute offending companies.

More from Iraq Oil Report

 

Egypt’s central bank said Thursday that a $2 billion loan from Qatar arrived in December, suggesting that the money had already been eaten up defending the currency before the foreign reserves crisis became public late last year.

More from Reuters

 

Lebanon's Telecommunications Minister Nicolas Sehnaoui has announced that the Cabinet had finally agreed to release the $1.2 billion of cash to the municipalities to help them carry out crucial development projects.

More from The Daily Star

 

Saudi Arabia has cut oil production substantially, moving to fend off a growing overhang in world oil supply and defend prices well above $100 a barrel.

More from Reuters

 

Companies

French President Francois Hollande will lead a charm offensive in the UAE next week to try and help oil major Total win a $10bn deal to operate the strategically important Bab sour gas field.

More from Reuters

 

French-based hotelier Accor has signed a management contract to develop the first Novotel hotel in Jeddah, Saudi Arabia.

More from Arabian Business

 

Etihad Cargo, the freight division of Etihad Airways, will inaugurate a new direct weekly operation from Abu Dhabi to the southern Chinese city of Guangzhou from January 17.

More from Arabian Business

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Executive Staff


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