Home The Buzz Morning briefing: 25 Feb 2013

Morning briefing: 25 Feb 2013

by Executive Staff

Economics

Brent futures slipped below $114 a barrel on Monday, reversing some of the gains made in the previous session.

More from Arabian Business

 

Lebanese private school teachers have joined their public sector colleagues on strike, causing further disruption to the country.

More from The Daily Star

 

Iran is to reduce its dependence on oil income and boost non-oil exports in its budget to counter the "heavy" impact of sanctions, President Mahmoud Ahmadinejad said in a television interview late on Saturday.

More from Reuters

 

The rate of decline in Egypt's foreign reserves could fall next month, Central Bank Governor Hisham Ramez was quoted as saying on Sunday.

More from Reuters

 

Dubai stocks rallied to the highest level in more than three years as Emaar Properties' new hotel project fuelled calls that the revenue of the developer of the world's tallest skyscraper would grow this year.

More from Bloomberg

 

Companies

Egypt's tourism minister is heading to Iran in a bid to urge more tourism between the countries.

More from Reuters

 

Abu Dhabi-based hotel operator Rotana has signed a deal with Dap-Yapi to manage two of its hotels in Turkey as it looks to expand its footprint.

More from Arabian Business

 

Emirates LNG has leased a plot of land on the east coast of the United Arab Emirates (UAE) and will start building an LNG import terminal there later this year, the company said in a statement on Sunday.

More from Reuters

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