Economics and policy
Egypt's president, Mohammed Morsi, was reportedly mulling a plan to hand over security in the city of Port Said to the military as clashes between protesters and police there escalated for a third straight day.
The Central Bank of Bahrain is preparing to crackdown on banks operating in the kingdom, with a set of tougher regulations the governor expects will lead smaller banks to merge and survivors to reduce profit expectations.
Striking Lebanese workers have promised to expand their protests unless their demands are met
The Dow Jones Industrial Average closed at a record high on Tuesday, surging more than 126 points to close at 14,253.80, its highest level since October 2007.
Gasoline prices in Lebanon dropped for the first time in three months, according to data released by the Water and Energy Ministry Wednesday.
Companies and business
Dana Gas has increased its gas production in Egypt by about 10 percent with the start up of operations at two new fields, the United Arab Emirates-based company said on Tuesday.
The deputy chief executive of Kuwait’s top telecom operator Zain has resigned, the company said in a statement to the local bourse.
Dubai Group's $10 billion debt restructuring will be managed by the head of another state-linked firm while two banks will have a monitoring role to ensure more oversight from creditors, sources aware of the matter said.
