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October, 24, 2016

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Business > Middle East
Saudi Arabia raised US$17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy.
Israel's energy minister was holding talks in Turkey on Thursday, the first such trip since the two countries normalized ties after the 2010 crisis triggered by Israel's deadly storming of a Gaza-bound aid ship.
Saudi Arabia said on Monday it was "not unthinkable" that the price of crude oil could surge to US$60 a barrel by the end of the year but warned against drastic production cuts that might shock markets.
Jordan defends Israel gas deal   following opposition at home
Jordan on Monday defended its deal to buy Israeli natural gas that has stirred public opposition, insisting the accord would not leave the Arab country reliant on the Jewish state.
An unauthorized drone forced Dubai airport to halt air traffic for about half an hour on Wednesday in the second such incident in four months, the airport authority said.
Qatar's international airport said Monday it is to charge passengers an exit tax as the energy-reliant emirate adjusts to falling oil prices.
Lebanese cigarettes see high demand from Syrians
Syria's conflict has caused hundreds of thousands of refugees to flee to Lebanon, putting a huge strain on the Lebanese economy and its already-crumbling infrastructure.
Egypt opens ethynyl plant
A handout picture released on Saturday, Aug. 13, by the Egyptian presidency shows a view of an ethynyl plant on the day of its inauguration in the coastal city of Alexandria.
The International Monetary Fund (IMF) has announced it will release the last installment of a US$6.6 billion economic bailout package to Pakistan, as Prime Minister Nawaz Sharif hailed an end to the country's reliance on the lender.
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.
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