Home The Buzz Morning briefing: 29 Nov 2012

Morning briefing: 29 Nov 2012

by Executive Staff

Economics

Gold ticked higher on Thursday, after suffering its biggest daily decline in nearly four weeks in the previous session, as the looming deadline for averting a US fiscal crisis kept investors on their toes.

More from Reuters

 

The Kurdistan Regional Government (KRG) has cut in half oil exports as producing companies grow increasingly worried that Baghdad will not honor the payment terms of an export deal struck in September.

More from Iraq Oil Report

 

The United Arab Emirates has "effectively closed the country's remaining forum for free speech" with a decree issued earlier this month that tightened the law on online dissent, Human Rights Watch said on Wednesday.

More from Arabian Business

 

Saudi Arabia and Sudan are seeking to start in 2014 deep-water mining of a Red Sea basin believed rich in gold and copper.

More from AME Info

 

Canada wants to return to level terms with the UAE on visa-entry requirements after it was dropped from the Emirates' free-visa system.

More from The National

 

Companies

TABCo Emirates, the UAE arm of the Kuwaiti holding company TABCo International Food Catering, plans to invest more than US$80m in expanding branches of US-branded food chain Elevation Burger in the UAE, Oman and Kuwait, its CEO has said.

More from Arabian Business

 

Zain Saudi extended the maturity of a SAR9 billion ($2.40 billion) Islamic loan for another 21 days on Wednesday, the fifth time the loss-making telecom operator has deferred payment.

More from Gulf Business

 

Kuwait's Environment Public Authority (EPA) has announced a plan to gradually switch to using shopping bags made of paper or bio-degradable material, as the Gulf country aims at zero plastic use by the year 2020.

More from AME Info

 

Net profits of insurance companies in Lebanon reached $111.4 million in 2011, up by 25.6 percent from a total of $88.7 million recorded in 2010, according to the Association of Insurance Companies in Lebanon.

More from The Daily Star

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