Home The Buzz Morning briefing: 17 May 2013

Morning briefing: 17 May 2013

by Executive Staff

Economics and Policy

Bahrain, which last year boosted state spending to quell political unrest, urgently needs to reform its economy to stop its debt burden becoming unsustainable, the International Monetary Fund (IMF) said.

More from Reuters

 

Global demand for gold jewellery recorded a 12 per cent year-on-year increase in Q1 2013, owing to high demand in Asian and Middle Eastern markets.

More from Gulf Business

 

Demand for trade-related credit insurance in the GCC is expected to rise by nearly 40 per cent this year as companies seek to improve their ability to secure finance and cover risks in Europe, Africa and other markets.

More from The National

 
 
Gaza-based Palestinians can now order Kentucky Fried Chicken to go thanks to a new smuggling service which brings takeout from Egypt via a network of underground tunnels.

 

 

Companies and Business

Kuwait Airways Co. signed a deal with Airbus to buy 15 A320neo and 10 A350-900 planes with options for 10 more, five from each category, chairman Sami al-Nasef has said.

More from AFP

 

Abu Dhabi's clean energy company Masdar and the International Finance Corporation have penned an agreement that could see the World Bank subsidiary provide as much as $1.5 billion in financing to the company.

More from The National

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