Home The Buzz Morning briefing: 3 Jan 2012


Morning briefing: 3 Jan 2012

Lebanon imposes Brazilian beef ban, plus other stories

by Executive Staff

Economics

Fitch Rating agency says an expansionary 2013 budget based on a conservative oil price will support another year of healthy economic growth for Saudi Arabia.

More from AME Info

 

Public expenditure in Dubai is set to increase by 7.8 percent in 2013 as the emirate's ruler HH Sheikh Mohammed bin Rashid Al Maktoum approved a budget worth $9.3bn.

More from Construction Week

 

Lebanon has imposed a temporary ban on the import of cattle from the Brazilian state of Parana over fears of mad cow disease.

More from The Daily Star

 

Companies

Abu Dhabi-based Etihad Airways is in the final stages of buying a stake in India’s Jet Airways, a senior Indian government source has said.

More from Gulf Business

 

Dubai’s Emirates Integrated Telecommunications Co, or du, has signed a $100 million financing deal with Standard Chartered to shore up liquidity.

More from Reuters

 

Dubai Duty Free announced on Wednesday that its full-year sales for 2012 totalled AED5.9bn ($1.6bn), a 10 percent increase on the previous year.

More from Arabian Business

 

Dubai Electricity and Water Authority (DEWA) has awarded a AED167m ($45.4m) contract for a project to supply and extend the emirate's water transmission network.

More from Arabian Business

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Executive Staff


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