After Abu Dhabi pledged $10 billion to help Dubai World pay off its $4.1 billion sukuk (an Islamic bond) commitments, global markets revived and the Gulf seemed to breathe a …
Category:
Finance
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In early December, Finance Minister Raya Hassan announced that Lebanon had successfully issued $500 million in Eurobonds in an effort to refinance the country’s staggering public debt. Before the …
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Crises purify markets,” pronounced Fadi Khalaf, the recently appointed secretary general of the Union of Arab Stock Exchanges (UASE) in his opening remarks to the organization’s first public meeting …
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At the Union of Arab Stock Exchanges (UASE) conference in Cairo last month, Executive spoke with leading figures from different bourses around the Arab world about the impact of …
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On December 16, United States authorities fined Credit Suisse $536 million in penalties for violating US economic sanctions regarding financial activity in Iran and several other sanctioned countries. Investigators told …
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The financial crisis left former hedge fund investors with a bad taste in their mouths. A lack of transparency and light-touch regulation meant that many funds nearly went bankrupt when …
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Beirut SE (one month) Current Year High: 1,158.30 Current Year Low: 705.56 The Beirut Stock Exchange (BSE) closed the Oct. 23 session at 1,572.28 points, as measured by BLOM Bank’s …
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A drizzle of three initial public offerings on the Saudi Stock Exchange in October added some $52 million — small change in the world of IPOs — to this year’s …
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The early release of convicted Lockerbie bomber Abdelbaset Ali Mohamed al-Megrahi from a Scottish prison this summer sparked new scrutiny of Libya’s global economic clout. Megrahi was the only man …
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The global recession has recently shone a spotlight on the way many companies in the Gulf Cooperation Council region manage their business. Before the economic downturn, there was a collective …