Home The Buzz Morning briefing: 8 Feb 2013

Morning briefing: 8 Feb 2013

by Executive Staff

Economics

Iran, which fell two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global sanctions prompt the South Asian nation to reduce purchases.

More from Reuters

 

Foreign buyers helped Egypt’s index recover some of the previous session’s losses that had been sparked by the country’s foreign reserves slumping to critical levels, while Gulf markets were mixed in uneventful trading ahead of the weekend.

More from Reuters

 

The International Monetary Fund offered to provide assistance to Syrian refugees in Lebanon during Finance Minister Mohammad Safadi’s visit to Washington last week.

More from The Daily Star

 

Oman's government will limit the number of foreign workers and sharply raise the minimum wage for locals in a drive to increase employment of Omani citizens, state news agency ONA reported.

More from Reuters

 

Companies

HSBC will close the accounts of some Syrian nationals in the Middle East and North Africa, the bank said on Thursday, after heavy compliance costs made it unprofitable to deal with them.

More from Reuters

 

Profits at  Abu Dhabi Islamic Bank topped $207.9 million last year as it targeted growing its expatriate customer base.

More from The National

 

Lebanon’s Ministry of Telecommunications (MoT) will open a new branch in Jdeideh for Call Center International (CCI), the global outsourcing call center.

More from Business News Lebanon

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