Home The Buzz Morning briefing: 23 Apr 2013

Morning briefing: 23 Apr 2013

by Executive Staff

Economy and Policy

Gold edged higher due to physical buying on Tuesday, holding near a one-week peak touched in the previous session, but more outflows from gold exchange-traded funds summed up investors’ weakening confidence in the metal.

More from Reuters

 

Saudi Arabia’s Shoura Council has denied reports it has approved moving the weekend forward one day to Friday-Saturday.

More from Arabian Business

 

Also in Saudi, the country is expected to keep oil output steady throughout the second quarter as more high pace demand in Asia, its biggest oil export market, has yet to materialise.

More from Reuters

 

Companies and Business

Lebanon's BLOM Bank reported first-quarter net profit rose 3.4 percent to $87 million, despite what it described as difficult economic circumstances in the region.

More from The Daily Star

 

Abu Dhabi-listed Dana Gas is expanding its operations in Egypt and Lebanon.

More from Reuters


France’s Total aims to start offshore exploratory drilling for gas in Libya next month, in a further sign the OPEC member’s energy industry is returning to normal after the 2011 war.

More from Reuters

 

The developer behind Qatar's multi-billion dollar Pearl-Qatar has said its net profits for the first quarter rose 16 percent compared to the same period last year.

More from Arabian Business

 

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