Home The Buzz Business briefing: 5 June 2013

Business briefing: 5 June 2013

by Executive Staff

Economics and Policy

Gold prices recovered on Wednesday from a near one per cent fall in the previous session as investors’ hopes of the US bond-buying program staying intact.

More from Reuters

 

Lebanese mobile phone shop owners have held a protest outside a branch of Alfa in the northern city of Tripoli, demanding that the Telecommunications Ministry suspend its crackdown on cellular phone smuggling that went into effect on June 1.

More from The Daily Star

 

Abu Dhabi has completed a $11 billion project to process and bring to land offshore gas to meet burgeoning domestic demand.

More from The National

 

The Turkish power-generating ship Fatmagül Sultan, moored off the coast of Lebanon, has become operational again after a delay, a statement said.

More from The Daily Star

 

Companies and Business

Michael Wright, the CEO of Lebanon-based retail chain Spinneys, is due to appear in court on Wednesday over allegations that employees were fired from the grocer for being members of its trade union.

More from Arabian Business

 

The Iraq unit of the Kuwaiti telecoms company Zain has moved closer to launching its mandatory initial public offering.

More from The National

 

Ford Middle East has confirmed an estimated 3,305 vehicles in the UAE are to be recalled for servicing as part of a global move to check certain 2013 models for fuel tank leaks that could result in a fire.

More from Arabian Business

 

Petrofac Emirates has won a US$500 million contract to expand gas compression facilities at the Bab field in Abu Dhabi.

More from The National

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