Economics
Gold rebounded from a six-month low on Monday as bargain hunters resurfaced and jewellers in China returned to the physical market after the Lunar New Year holiday, but a firm US dollar was likely to limit the upside.
A union of public workers in Lebanon will go ahead with an open-ended strike commencing on Tuesday after the government amended a previously agreed draft salary scale in an attempt to assuage private sector concerns over its impact.
Companies
The first of two Turkish power boats which are supposed to ease Lebanon’s energy woes arrived in the country’s waters on Sunday.
Jordan's Arab Potash Company, one of the world's largest producers of potash, said 2012 net profit fell by more than a third as costs rose, while falling global demand weighed on output.
Dubai-based contractor Drake & Scull has said that the civil engineering arm of its international construction business signed a US$122.5m deal in the Western Province of Saudi Arabia.
The owner of Lebanon island on Nakheel’s The World development in Dubai has sold it for AED35m (US$9.5m).
Abu Dhabi National Energy Company has discovered oil in a new North Sea field off Scotland.
Wataniya, Kuwait's number two telecom operator, reported a 26.5 percent fall in fourth-quarter net profit as more customers failed to offset tougher competition at home and foreign exchange losses in Tunisia and Algeria.
Dubai’s Al Mal Capital is looking to hire up to 20 percent more staff in 2013.
