DUBAI President Hassan Rouhani said on Monday Iran should stick to rules set by an anti-money laundering watchdog to protect ties between the sanctions-hit country and international banks, as a deadline for compliance looms.
DUBAI The International Monetary Fund estimates that Kuwait's financing needs will amount to some $180 billion over the next six years given the Gulf state's "modest" fiscal measures and expectations of lower oil prices.
DUBAI, Jan 22 Marsh, one of the world's largest
insurance brokers and risk advisers, has seen a spike in
clients' enquiries for political violence cover in the Gulf
after attacks on tankers and oil installations rattled the
region last year, an executive said.
DUBAI Saudi Arabia has raised $5 billion in bonds after receiving around $20 billion in orders, a sign that an escalation in geopolitical tensions in the Gulf has not deterred investors looking for high returns amid low global rates.
DUBAI, Jan 21 Saudi Arabia has raised $5 billion
in bonds after receiving around $20 billion in orders, a sign
that an escalation in geopolitical tensions in the Gulf has not
deterred investors looking for high returns amid low global
DUBAI, Jan 16 Qatar National Bank, the
Gulf's biggest bank by assets, has issued a $600 million Formosa
bond as part of efforts to diversify its funding sources, a
spokesman said, while sources said the issue was for 40 years.
DUBAI Holders of more than $20 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.
Dubai The talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its efforts compare favorably.
DUBAI Hit by sanctions curbing oil sales, Iran's economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40 billion in two years, the Institute of International Finance said.
DUBAI, Jan 11 Sultan Qaboos bin Said, who died
late on Friday, transformed Oman during his 49-year reign from a
poverty-stricken country torn by dissent into a prosperous state
and an internationally trusted mediator for some of the region's