Kuwait granted Lebanon an $85 million loan on Monday to finance the upgrading and rehabilitation of the Zouk and Jiyyeh power plants as part of efforts to overhaul the ailing electricity sector.
Egypt's finance minister has said the government will complete the revision of its economic reform plan this week and invite the International Monetary Fund to visit Egypt soon, the finance ministry said in a statement released on its website on Monday.
Companies
Etihad Airways is close to taking a stake in India’s Jet Airways, the Abu Dhabi airline said on Monday after reporting a tripling in profits for last year.
Emirates airline, which has multi-million dollar sponsorship deals with FIFA and Arsenal football club, inked a five-year partnership with Formula One motor racing on Tuesday, beginning this year.
Qantas Airways, Australia's largest carrier, will fly seven Asian routes earlier in the day as a partnership with Emirates Airline gives it more scope to run flights at times that appeal to business-class passengers.
Ahli United Bank is seeking regional acquisition targets after making a total profit of $212.9 million on the sale of a 29.4 percent stake in Qatar's Ahli Bank, Bahrain's largest lender said on Monday.
Aramex plans to target more acquisitions in Asia and Africa, the logistics firm said on Monday, and reported a 15-per cent rise in quarterly profits.
British commodity trading and finance investment firm DVK Group is currently in talks with a Qatari royal to launch a Shariah-compliant investment fund targeted at women and with a capital target of up to US$500m.
