Thursday, January 10, 2013
Qatar threw Egypt an economic lifeline on Tuesday, announcing it had lent the country another US$2 billion and given it an extra US$500 million outright to help control a currency crisis.
Egypt's government must strongly endorse a US$4.8 billion IMF loan agreement to its people as a step towards stabilizing an economy pummeled by a turbulent transition from autocratic rule, the head of the world lender said on Tuesday.
Wednesday, January 9, 2013
Abu Dhabi has awarded a US$653 million contract to build a branch of France's Louvre museum, signaling the oil-rich emirate is again moving ahead with flamboyant development projects after a pause prompted by the global economic crisis.
Monday, January 7, 2013
Dubai is sometimes called the “City of Gold” because of its stunning growth from a sleepy Gulf port to a world-famous business crossroads in the space of a single generation. Its nickname has a literal meaning for traders in the precious metal.
Thursday, January 3, 2013
An Australian citizen fighting with Syrian rebels in their battle against President Bashar al-Assad's regime has been killed in the northwest of the country, a watchdog said on Wednesday.
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.