Surat sees hope as Israel's diamond exports soar
With Israel's polished diamond exports more than doubled to $308.2 million in December 2009, Surat hopes to improve its diamond trade in 2010. Surat's diamond traders expect that the new year will...
View ArticleSaudi Zain in credit talks after missing commitments
Zain Saudi Arabia <7030.SE>, the kingdom's newest mobile phone operator, said on Saturday it is in talks with creditors after it did not honor some commitments last year linked to a two-year...
View ArticleDubai CDS jump to highest since March; Nakheel debt falls
The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World.
View ArticleIran parliament approves Ahmadinejad budget
Iran's parliament approved President Mahmoud Ahmadinejad's 2010/11 budget on Monday, state radio reported, but some lawmakers attacked the plan, saying planned cuts in subsidies could spark runaway...
View ArticleDubai World to offer full debt repayment: report
Dubai World will offer banks a single proposal to repay in full the $26 billion debt it is renegotiating, with interest likely linked to LIBOR, Al Arabiya reported on Wednesday.
View ArticleDubai World agrees $23.5 bln debt deal with creditors
Dubai World says its financial indebtedness will be about $14.4 billion, post restructuring
View ArticleAfDB lends $200 mln to IDC of South Africa
The African Development Bank (AfDB) approved a credit line of $200 million to help South Africa's Industrial Development Corporation (IDC) finance projects across the continent, the bank said on Thursday.
View ArticleMideast luxury sales seen stagnant in 2010
Dubai conglomerate Al Fahim Holdings expects the region's luxury sector to turn in a similar performance this year to last, when sales were down 40 percent, with Gulf Arab buyers propping up the market.
View ArticleIran may exchange 45 billion euro in gold and dollars
The Iranian central bank is said to hold a majority of 85 percent of their currency reserves in euro, but this seems to be changing now. Expecting further downside pressure on the euro, the bank plans...
View ArticleSaudi Arabia welcomes foreigners to buy homes: report
King Abdullah Economic City will be the first freehold city in Saudi designed to house two million people and generate a million jobs.
View ArticleThai Air may post Q2 loss; Emirates ups profit forecast for 2010
While Thai Airways posted a second-quarter loss last year, Emirates said passenger volumes in the Middle East jumped 22 percent in the first four months of this year.
View ArticleGlobal crisis seems near final stage: Israel's Fischer
The global financial crisis appears to be in its final stages, although some countries are still experiencing a recession, Bank of Israel Stanley Fischer said at an International Monetary Fund-World...
View ArticleU.S. discovers $1 trillion Afghan mineral deposits: report
Afghanistan could be holding $1 trillion of untapped mineral deposits including critical industrial metals such as lithium.
View ArticleIraq slashes Saddam-era debt owed by Madagascar
Iraq has agreed to forgive 80 percent of the loans it made to Madagascar in the era of ousted dictator Saddam Hussein, the government said on Wednesday.
View ArticleIraq slashes Saddam-era debt owed by Madagascar
Iraq has agreed to forgive 80 percent of the loans it made to Madagascar in the era of ousted dictator Saddam Hussein, the government said on Wednesday.
View ArticleForeigners Once Again Enamored With U.S. Treasuries
China, Japan and some other major foreign countries stepped up their purchases of U.S. Treasuries and dollars during April, likely as a safe haven away from a euro battered by a wave of budget...
View ArticleIran: stuck between Iraq and a hard place
Iran is facing a multitude of problems – both external and internal – that threatens the growth of its all-important energy sector.
View ArticleSurat sees hope as Israel's diamond exports soar
With Israel's polished diamond exports more than doubled to $308.2 million in December 2009, Surat hopes to improve its diamond trade in 2010. Surat's diamond traders expect that the new year will...
View ArticleSaudi Zain in credit talks after missing commitments
Zain Saudi Arabia <7030.SE>, the kingdom's newest mobile phone operator, said on Saturday it is in talks with creditors after it did not honor some commitments last year linked to a two-year...
View ArticleDubai CDS jump to highest since March; Nakheel debt falls
The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World.
View Article
