Home The Buzz Morning briefing: 13 May 2013

Morning briefing: 13 May 2013

by Executive Staff

Economics and Policy

Occupancy at Beirut hotels declined 10 percent in the first quarter of 2013 as room yields dropped 35 percent, Ernst & Young’s monthly survey of the MENA hotel sector showed.

More from The Daily Star

 

Israel's security cabinet on Sunday discussed proposed cuts in defense spending of over a billion dollars, as public opposition mounts to austerity plans.

More from AFP

 

Only one Lebanese dealer remains in the controversial business of re-exporting gasoil to Syria, a senior industry official said, while Lebanese customs data showed a 33 percent decline in fuel imports during the first quarter of 2013.

More from The Daily Star

 

Dubai commercial property rents will rise 5 percent this quarter, according to a survey by the Royal Institute of Chartered Surveyors (RICS).

More from Arabian Business

 

Egypt has received a $3 billion deposit from Qatar, a central bank official said Sunday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago.

 

Companies and Business

A planned flotation of Doha Global Investment Co, a $12 billion Qatari investment firm backed by assets from the Gulf state's sovereign wealth fund, has been postponed pending necessary approvals, a senior bourse official said on Sunday.

More from Reuters

 

State-run Kuwait Airways will spend 850 million dinars ($2.98 billion) on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday.

More from Reuters

Support our fight for economic liberty &
the freedom of the entrepreneurial mind
DONATE NOW

You may also like