Home The Buzz Morning briefing: 14 May 2013
The Buzz

Morning briefing: 14 May 2013

by Executive Staff
written by Executive Staff

Economics and Policy

Lebanon's caretaker Prime Minister Najib Mikati has once again promised  that he would send the long-delayed salary scale bill to Parliament for approval.

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Three Kuwaiti lawmakers have requested to question Oil Minister Hani Hussein over the payment of a $2.2 billion penalty to Dow Chemical after the emirate pulled out of a deal with the U.S. firm.

More from AFP

 

Saudi Arabia’s central bank has asked commercial banks to increase localisation of some functions as Riyadh pushes to move more of its citizens into jobs now done by expatriates.

More from Reuters

 
Companies and Business

Budget airline Air Arabia , the UAE's only publicly-listed carrier, reported a 20 percent rise in first quarter net profit, it said on Monday.

More from Reuters

 

Bahrain Telecommunications Co (Batelco) reported a 17 percent drop in first-quarter profit on Monday, due to tough competition in its domestic market.

More from Reuters

 

The operators of Turkish electricity barge Fatmagül Sultan based in Lebanon said on Monday that the boat resumed electricity production after fixing a problem related to fuel supplies.

More from The Daily Star

 

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