Home The BuzzMorning briefing: 29 May 2013
The Buzz

Morning briefing: 29 May 2013

by Executive Staff
written by Executive Staff

Economics and Policy

France has drawn up a blacklist of 17 countries including Lebanon that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds.

More from The Daily Star

 

Qatar may abandon its peg to the US dollar when the economy grows less dependent on hydrocarbons and local financial markets deepen, its central bank chief has said.

More from Reuters

 

Tens of thousands of foreign workers are trying to leave Saudi Arabia after the government said they would be forgiven any fees or fines for visa violations such as overstaying or switching jobs.

More from Reuters

 
Led by the UAE, the issuance of debt securities in the GCC recorded a strong pick-up in the first quarter to hit $16.7 billion, underscoring a sustained recovery.
 
 
 
Companies and Business

Kuwait's state-run oil group signed a 147 million dinar ($514 million) contract with South Korea's Daelim Industrial Co. to build and upgrade facilities at an oil refinery in the Gulf Arab state.

More from Reuters

SITA, a global air transport IT firm, has been selected by the Directorate General of Civial Aviation Authority and Middle East Airlines-Air Liban to provide airport services at Beirut’s Rafik Hariri International Airport for the next five years.

More from Reuters

 

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