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.
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.
Abu Dhabi has completed a $11 billion project to process and bring to land offshore gas to meet burgeoning domestic demand.
The Turkish power-generating ship Fatmagül Sultan, moored off the coast of Lebanon, has become operational again after a delay, a statement said.
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.
The Iraq unit of the Kuwaiti telecoms company Zain has moved closer to launching its mandatory initial public offering.
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.
Petrofac Emirates has won a US$500 million contract to expand gas compression facilities at the Bab field in Abu Dhabi.
