Economics
Kuwait's prime minister reappointed oil minister Hani Hussein in his new cabinet and brought back veteran policymaker Mustapha al-Shamali as finance minister, state news agency KUNA reported on Tuesday.
Petroleb, a closely held Lebanese company, said it intended to hire Lebanese oil and gas professionals as it plans to form partnerships with companies to bid for offshore petroleum exploration and production contracts in Lebanon
The UAE's jobs minister has promised to force Emiratis into work, as unemployment reached over 20 percent. “The problem we face is not that there are no jobs,” the minister said. “There are jobs, but Emiratis don’t accept these jobs. This is the challenge we face.”
Companies
Prominent UAE group Al Ghurair said it had no intention yet of selling its half ownership of Ras Lanuf, Libya’s biggest refinery, but also had not decided whether to go ahead with investing another $2 billion.
Qatar Airways is interested in the privatisation of Czech Airlines (CSA), but has not taken a decision on whether to participate in it, the chief executive of the Gulf carrier has said.
