Home The Buzz Morning briefing: 2 Apr 2013

Morning briefing: 2 Apr 2013

Qatar budget to spike, plus other news

by Executive Staff

Economics and Politics

Qatar plans to boost the government spending by 18 percent to QAR210.6bn (US$57.8bn) in the 2013/14 fiscal year that began on Monday, the QNA state news agency quoted Finance and Economy Minister Youssef Kamal as saying.

More from Reuters


But elsewhere in the Gulf, Bahrain’s economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social unrest weighed on the banking sector.

More from Reuters


Sudanese president Omar Al Bashir has claimed that he will release all political detainees, a move welcomed by the opposition as tensions ease with South Sudan.

More from AFP

Iran's inflation rate has climbed above 30 percent under the impact of international economic sanctions, according to figures released by the government's statistics centre.

More from Reuters


Demand for Saudi crude is likely to rise over the next few months, Saudi oil minister Ali Al-Naimi has said, in a sign the world’s largest oil exporter sees a recovery of demand in Asia, its biggest export market.

More from Reuters


Despite the demand for oil, Saudi Arabia has begun deporting thousands of Yemeni labourers following new regulations requiring foreigners to work only for their sponsors, a Yemeni official said on Monday, a move that could “significantly damage” the poor country’s economy.

More from Reuters


Turkish authorities have developed a plan to assume unprecedented control over revenues from Iraq's northern oil exports.

More from Iraq Oil Report


Companies and Business

Saudi Arabian dairy and food producer Almarai Co has completed the sale of a SAR1.3bn (US$346.7m) Islamic bond, or sukuk, the company said in a bourse filing on Monday.

More from Reuters


Organizers are canceling or delaying conferences in Lebanon, including a major international oil and gas exhibition, because of political and security instability in the country.

More from The Daily Star


Sharjah Islamic Bank has picked four banks to arrange meetings with fixed income investors ahead of a potential Islamic bond or sukuk issue, a lead manager said on Tuesday.

More from Reuters

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