Friday, December 28, 2012
Spanish lender Bankia will wipe out 350,000 shareholders, many of them small savers with little knowledge of financial markets, after it emerged it had a negative value of 4.2 billion euros (US$5.6 billion).
Thursday, December 27, 2012
Monday, December 24, 2012
Egypt's cabinet on Saturday denied a report that central bank governor Farouk El-Okdah had resigned. After a long period of speculation that the governor wanted to leave his post, state television had said Okdah had quit and his former deputy, Hisham Ramez, had been appointed to the post.
Wednesday, December 12, 2012
Central Asian Tajikistan on Monday signed an agreement with the World Trade Organization (WTO) setting out the terms under which it is expected to join the global trade watchdog and negotiating body early next year.
Monday, December 10, 2012
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling, as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest.
Wednesday, December 5, 2012
British retail sales edged up in November, though by less than analysts were expecting, as shoppers hunted for cheap Christmas gifts, the British Retail Consortium said on Tuesday.
Tuesday, December 4, 2012
OPEC member Qatar will ask firms to tender for a 1,800 megawatt (MW) solar energy plant in 2014 costing between US$10-20 billion as the world's highest per capita greenhouse gas emitter seeks to increase its renewable energy production.
Monday, December 3, 2012
Dubai is back in the business of unveiling mega projects, three years after a severe financial crisis crippled its booming property sector, but doubts still linger over finance and feasibility.
Monday, November 26, 2012
Dubai announced plans for a huge tourism and retail development including the largest shopping mall in the world, a fresh sign that the glitzy emirate has recovered its commercial ambitions after a crippling corporate debt crisis three years ago.
Thursday, November 22, 2012
South Sudanese President Salva Kiir has said the restarting of oil production crucial to the fledgling nation's economy is stalled after rival Sudan made further demands.