Home The Buzz Morning briefing: 28 May 2013

Morning briefing: 28 May 2013

by Executive Staff

Economics and policy

The price of oil fell on Monday as traders concerned about global energy demand took profits ahead of economic data from China and the United States.

More from Associated Press

 

Elsewhere on Monday, Gold rose –extending its gains after its strongest week in a month, as the dollar slipped and European stock markets steadied, while physical buying remained strong in Asia.

More from Reuters

 

The economy in Lebanon's second city of Tripoli is rapidly deteriorating, local business associations have warned, as they reiterated calls for calm to be restored following another wave of clashes in the northern city.

More from The Daily Star

 

The opposition Syrian National Coalition is on the brink of collapse after five days of fractious wrangling.

More from The National

 

Kuwait has granted fellow Gulf Arab state Oman $2.5 billion to fund development projects as part of a regional programme initiated in 2011 after protests, Oman's state news agency reported on Monday.

More from Reuters

 

Companies and Business

Qatar Telecom QSC has raised $12 billion to finance its bid for a majority stake in Maroc Telecom SA as it seeks to expand through acquisitions, its chief executive officer said.

More from Bloomberg

 

Qatar has unveiled plans to build a $5.5 billion island off the coast of Doha with floating hotels to house football fans expected to flock to the country for the World Cup in 2022.

More from Reuters

 

Hotels in Abu Dhabi have posted their best ever results for April, according to figures released by the emirate's Tourism & Culture Authority (TCA Abu Dhabi).

More from Arabian Business

 

Construction work has started on a new state-of-the-art surgery facility at Hamad General Hospital in Qatar.

More from Reuters

 

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