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July, 29, 2016

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Business > Middle East
Lebanese endeavor gives new life to heritage
His voice is frail and his movements uncertain. Having motor disabilities since childhood, Michel Halajian struggles to move and to articulate. But with his hands, this 41-year-old Lebanese produces unique works.
 
Kuwait has set a minimum wage for its hundreds of thousands of mostly Asian domestic staff, the first country in the Gulf to do so, local media reported on Thursday.
 
A week before the one-year anniversary of the Iran nuclear deal, the Republican-led U.S. House of Representatives approved measures aimed at blocking U.S. companies from selling commercial passenger aircraft to Tehran.
 
A Baghdad bombing claimed by the Islamic State group killed 292 people, the health minister said Thursday, raising the toll of what was already one of the deadliest attacks in Iraq.
 
Kuwait to tap foreign debt markets to finance deficit
Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.
 
A consortium led by U.S. firm Noble Energy has approved a US$265-million project to sink a new well in a major natural gas field off Israel, officials said Sunday.
 
Dubai's transport authority announced Wednesday it had awarded a French-led consortium a US$2.88 billion contract to extend its metro network to the site of the Expo 2020 world trade fair.
 
Gulf stocks fall after EU referendum result
Stock markets in the energy-rich Gulf states dropped Sunday in the first trading session after Britain voted to leave the European Union.
 
Boeing sale in Iran involves 100 planes, billions of dollars
Boeing Co. is negotiating a deal to sell 100 airplanes to Iran, state-run media reported Sunday, a sale potentially worth billions that would mark the first major entry of an American company into the Islamic Republic after last year's nuclear deal.
 
In Israel desert, world's solar tower looks to future
In the middle of southern Israel's desert, engineers are hard at work building the world's tallest solar tower, reflecting the country's high hopes for renewable energy.
 
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