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  • Swatch Group gross sales  CHF 8 143 million

    Swatch Group gross sales CHF 8 143 million

    • Gross sales for the Group increase to CHF 8 143 million, a plus of +14.0% over 2011; Gross sales increase of +15.6% in the Watches & Jewelry segment; Double-digit growth rates for almost all brands, notably outside Greater China as well.

    January 13, 2013 9:41

    Dubai Group settles lawsuit on way to wider $10 billion debt deal

    Under terms presented to the banks in December, Dubai Group's parent Dubai Holding will buy out their debt plus that of any others in the same syndicate of lenders wishing to exit early for 18.5 cents in the dollar.

    January 13, 2013 9:38
  • Kuwaiti prime minister Sheikh Jaber al-M

    Kuwait’s Parliament approves decree curbing popular vote

    Parliament's decision to ratify the decree may help deflect any legal challenge to the election and lends the measure political and legal weight ahead of hearings before Kuwait's constitutional court in the coming months.

    January 9, 2013 7:30
  • Egyptian-pounds-sukuk

    Egypt central bank reduces amount offered at dollar auction

    The Egyptian central bank reduced the size of its daily foreign currency auctions on Wednesday, a day after Qatar threw Egypt an economic lifeline by sending $2.5 billion in aid to help it get a currency crisis under control.

    January 9, 2013 7:28
  • Islamic Banking Sukuk

    Dubai announces drive to develop I slamic business

    The government will promote Islamic banking and insurance, Islamic financial products and other areas including the arbitration of Islamic contracts and the setting of quality standards for halal food, Sheikh Mohammed bin Rashid al-Maktoum said in a statement.

    January 9, 2013 7:27
  • Business is booming in Iraqi Kurdistan

    Kurdistan starts independent crude oil exports

    The export of crude, in addition to small volumes of niche condensate, demonstrates the semi-autonomous region's growing frustration with Baghdad as it moves towards ever greater economic independence,

    January 9, 2013 8:04