Oil prices are expected to fall slightly over the next year as high production feeds softening demand at a time of slowing global economic growth, a Reuters poll shows.
Tension between Egypt’s Islamists and seculars after President Mohammad Morsi’s power grab risks spurring borrowing costs and delaying aid vital to economic recovery, Barclays Plc. and Beltone Financial Holding said.
OPEC delegates say the 12-member group is expected to stick with an output target of 30 million barrels per day for 2013.
Lebanese Prime Minister Najib Mikati and leading businessmen on Thursday joined calls to keep the Lebanese economy away from politics, warning that sharp differences and regional tensions have already dealt a severe blow to most economic sectors.
UAE investors are increasingly turning to real estate as a preferred asset class, a new report by Friends Provident International said on Monday.
Gulf Air's CEO, brought in to restructure the airline's operations in 2009, has resigned, the struggling Bahrain-based carrier has said.
Abu Dhabi tourism chiefs have said hotels in the UAE capital posted their best ever October in terms of the number of guests.
The UN General Assembly has voted overwhelmingly to recognize Palestine as a non-member observer state – a move strongly opposed by Israel and the US.