Home The BuzzMorning briefing: 23 May 2013

Morning briefing: 23 May 2013
ENAR

by Executive Staff

Economics and Policy The Egyptian government is to supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel. More from Reuters   Lebanon's Union Coordination Committee has accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament. More from The Daily Star   Egypt’s central bank sold an unspecified amount of dollars after offering a record $800 million to local lenders at a currency auction to finance imports as Standard & Poor’s warned of accelerating inflation. More from Bloomberg   Kuwait’s stock market boom could run out of steam if the government doesn’t push ahead soon with long-delayed infrastructure projects aimed at diversifying the oil-reliant economy. More from Reuters   Companies and Business Oil major

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