Economics and Policy
Gold slipped back into negative territory on Tuesday after bargain hunting tapered off, while daily outflows from exchange-traded funds highlighted investors’ lack of confidence in the precious metal.
Fuel provided to a Turkish electricity barge in Lebanon was up to standard, supplier Electricite du Liban said Monday, raising further questions over its recent shutdown.
Qatar wants 5-percent interest on $3 billion in bonds it has offered to buy from Egypt, an Egyptian official involved in the talks said Monday, a price higher than expected yet one that Cairo may have to accept.
Total revenues generated by Abu Dhabi hotels in the first quarter of 2013 rose 15 percent to $389.9m, according to new figures.
Companies and Business
Kuwait’s Agility Public Warehousing reported a 46 per cent increase in net profit for the first quarter on Monday thanks to a rise in revenues driven by its logistics and infrastructure divisions.
Jordan's Housing Bank for Trade and Finance achieved a 5.7 percent increase in first-quarter net profit to $36.5 million.
Turkey's energy minister said Ankara will announce by the weekend which country will construct its second nuclear power station, a project expected to cost around $22 billion.