Home The Buzz Morning briefing: 31 Jan 2013

Morning briefing: 31 Jan 2013

by Executive Staff

Economics

Egypt’s bourse recovered on Wednesday from a four-week low as bargain hunters shrugged off political unrest.

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The International Monetary Fund called on Lebanon to implement deeper reforms as Finance Minister Mohammad Safadi met US officials in Washington on Wednesday.

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A 3-D survey has shown that gas reserves off Lebanon’s southern coast may be larger than previously thought.

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Israel has announced it will pay US$100 million owed to the Palestinian Authority, billing it as a "one-time" response to a Palestinian economy struck by falling foreign aid and Israeli obstacles.

More from The National

 

The United Arab Emirates (UAE) pledged on Wednesday to provide $300m to help Syrian refugees made homeless by nearly two years of conflict, the official WAM news agency reported.

More from Arabian Business

 

Companies

Research In Motion Ltd unveiled the long-delayed line of smartphones it hopes will put it on the comeback trail on Wednesday but it disappointed investors by saying U.S. sales of its all-new BlackBerry 10 will start only in March.

More from Gulf Business

 

Iran's Bank Mellat plans to sue European Union governments for damages after a European court ruled to annul sanctions against the company, lawyers said on Wednesday.

More from Reuters

 

More than 652,000 sick notes were issued in Abu Dhabi emirate last year, almost 12 times more than the number recorded the year before, after a stringent electronic system was introduced for approval of leave.

More from The National

 

Dubai-based Tamweel has announced  that it has repaid in full a $300 million five-year Sukuk, which matured earlier this month.

More from Gulf Business

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