Economics and politics A draft of changes to United Arab Emirates bankruptcy law aimed at simplifying the process and letting failing companies restructure is taking longer than expected and may not be ready until the end of 2013. More from Gulf Business Lebanon’s borrowing costs tumbled more than its Middle East peers last month, giving the nation a window to extend maturities on $1.53 billion of bonds even as a civil war in neighboring Syria crimps growth and tourism. More from Bloomberg Lebanon ranks as one of the 50 most corrupt nations worldwide, coming 128th out of 174 countries surveyed for perceptions of transparency, a report released Wednesday by an international watchdog showed. More from The Daily Star Egypt plunged into a new period of violence last night as riot police were deployed to stop street battles between supporters and opponents of the president, Mohammed Morsi. Three
