Home The Buzz Morning briefing: 29 Jan 2013


Morning briefing: 29 Jan 2013

OPEC will not trim oil supply, plus other news

by Executive Staff

Economics

The world oil market should remain well supplied in 2013 and OPEC does not need to trim back its oil output, OPEC secretary-general Abdullah al-Badri said Monday.

More from Reuters

 

Islamist militants are suspected of attacking an oil pipeline on Monday in the Algerian region of Djebahia, some 70km east of the capital Algiers, killing two Algerian guards.

More from Reuters

 

Kuwait's parliament has moved closer to approving a law that would write off citizens' debts on interest accrued on loans taken between 2002 and 2008.

More from The National

 

A business delegation from Iraqi Kurdistan mulled strengthening economic ties on Monday with Lebanon’s second-biggest city Tripoli.

More from The Daily Star

 

Jordan will tap the bond market for the first time in more than two years as the nation struggles with a cut in foreign aid, a rising energy bill and an influx of Syrian refugees.

More from Bloomberg

 

Lebanon’s Agriculture Ministry, the European Union and Kafalat signed a grant contract of 3.5 million euros ($4.7 million) Monday for small loans intended for agricultural and rural development

More from The Daily Star                                    
 

 

Companies

Construction permits issued by the Orders of Engineers in Beirut and Tripoli declined 11.7 percent in 2012 compared to 2011, when they also declined 6.8 percent.

More from The Daily Star

 

Abu Dhabi welcomed over 2.38 million hotel guests in 2012, up 13 per cent compared to 2011, and above its target of 2.3 million guests, according to figures released by the Abu Dhabi Tourism and Culture Authority.

More from Gulf Business

 

A delegation from Abu Dhabi's Etihad Airways will meet Indian Commerce Minister Anand Sharma in the next "couple of days," an Indian government statement quoting the minister said, amid speculation that the Gulf carrier is close to buying a minority stake in Jet Airways.

More from Reuters

 

Oman plans to build a 570 million rial ($1.48 billion) medical complex and will invite bids this year to manage construction, a ministry of health official has said.

More from Reuters

 

Emirates Investment Bank has sold its stake in First National Bank for $42 million, leading to notable changes in the shareholder structure of the Lebanese bank.

More from The Daily Star

 

Support our fight for economic liberty &
the freedom of the entrepreneurial mind
DONATE NOW

Executive Staff


--------------------------------------


View all posts by

You may also like