Home The Buzz Morning briefing: 13 Feb 2013


Morning briefing: 13 Feb 2013

Moody’s cuts Egypt economy, plus other news

by Executive Staff

Economics

Bahrain’s economic growth is expected to pick up sharply this year on the back of a stronger oil sector, large industrial investments and a robust regional economy, the government said on Tuesday.

More from Reuters

 

Lebanon’s Central Bank governor has said he expects no unpleasant surprises for the country’s financial sector in 2013.

More from The Daily Star
 

A long-standing dispute over oil exports from the semi-autonomous Kurdistan region is delaying passage of Iraq's 2013 budget.

More from Iraq Oil Report

 

World oil demand will grow faster than previously thought in 2013, producer group OPEC said Tuesday, citing signs of a recovery in the world economy.

More from Reuters

 

Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support and the economic impact of a new round of political unrest.

More from Reuters

 

Companies

Bahrain Air, the country’s second airline, has closed down, blaming financial losses accrued as a result of “the unstable political and security situation in Bahrain”.

More from Arabian Business

 

Islamic financial institutions in Kuwait should hire enough personnel to ensure they comply with sharia standards, and work with the personnel in a transparent way, the country’s market watchdog said on Tuesday.

More from Reuters

  

Flydubai has announced net profit for 2012 of Dhs151.9 million ($41.4 million) the low cost carrier’s first profit in three years.

More from Gulf Business

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Executive Staff


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