Brent crude was steady near US$110 per barrel on Wednesday after an early rise spurred by fears of supply disruption from the Middle East as clashes raged between Palestinians and Israelis, despite overnight truce talks.
Gold traded steady on Wednesday, lacking conviction to move out of its recent trading range as investors eye truce talks over Gaza and discussions on how to avert a fiscal crisis in the world's top economy.
Italy wants to make its relationship with the UAE more strategic, focusing on defence, technology and infrastructure, prime minister Mario Monti said in the capital yesterday.
Monti is not the only embattled European leader seeking Gulf assistance, as Greek Prime Minister Antonis Samaras will visit the wealthy Gulf state of Qatar next week to discuss investment opportunities inside Greece.
The number of people killed on the UAE’s roads fell by 17.4 percent during the first nine months of the year, according to official data.
Lebanon’s economic growth will slow to between 1 and 1.5 percent this year because of the Syrian civil war and domestic political instability, but will pick up to at least 2 percent in 2013, the finance minister said on Tuesday.
Companies
Google has announced a series of Arabic Web Days to boost the amount of Arabic content online.
Lebanese home appliances retailer Khoury Home has announced private equity fund EuroMena II and Syrian investor Moussa Farhan have acquired a stake in the family-run business.
