How pressing is Lebanon’s financial challenge

BEIRUT: Financial strains in Lebanon have been brought into focus by turbulence on markets where its dollar-denominated sovereign bonds suffered a heavy sell-off last week following comments by the finance minister about the public debt. The bonds recovered this week on assurances the government is “absolutely not” planning to restructure the debt and is committed […]

Dubai’s private sector endures a quiet December; job creation remains muted

Dubai: New business activity in Dubai’s private sector had its slowest December in more than two years, while job creation was also quite muted. But there were some positives as 2018 came to a close — inflationary pressures continue to remain weak, according to the latest Emirates NBD purchasing managers index (PMI) tracker. The tracker […]