Economics and Policy
Brent crude oil prices reversed course Wednesday and rose on the back of a rally in U.S. equity markets despite an increase in U.S. refined products inventories and data showing the eurozone was in its longest recession ever.
A leading Lebanese banker has dismissed any short-term effect from Moody’s negative outlook for Lebanon, saying banks had already declined to increase their exposure to public debt due to the issues cited in the warning.
Saudi Arabia’s No. 2 telecom operator Mobily denied claims by a software engineer that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter and other services.