Home The Buzz Morning briefing: 26 Nov 2012


Morning briefing: 26 Nov 2012

Unrest brings Egypt stock crash, plus other stories

by Executive Staff

Economics

Brent crude held above US$111 a barrel on Monday as hopes Greece can avoid a near-term bankruptcy brightened the outlook for oil demand from Europe, while violent protests in Egypt reignited supply concerns.

More from Arabian Business

 

Egypt’s main stock index fell nearly 10 percent on Monday as fresh clashes over President Mohammed Morsi’s proposed constitutional changes consumed central Cairo.

More from the Los Angeles Times

 

The Gulf region, which has large numbers of migrant workers, continues to see "robust growth" in remittance flows when compared to Western Europe, a new World Bank report has said.

More from Arabian Business

 

Companies

Qatar Holding LLC has cashed in on its remaining warrants in Britain’s Barclays Plc, a move that still leaves the sovereign wealth fund as the bank’s top shareholder while their relationship faces legal scrutiny.

More from Gulf Business

 

UAE-based Network International has gained a foothold in India by taking control of TimesofMoney, a digital payment firm, in a move that it hopes will help it to earn a slice of the lucrative remittances market.

More from The National
 

And finally…

Almost 37,000 motorists were caught talking on their mobile phones while driving during the first 10 months of this year, Dubai Police said.

More from The National

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Executive Staff


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