Oman Central bank board term extended by 5 years
The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.
June 20, 2012 5:42
UAE feels no pressure to issue bonds
The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.
June 19, 2012 5:26
Fitch cuts HSBC bank Middle East VR rating
Fitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group.
June 19, 2012 10:18
IMF: UAE may face risks from deepening euro crisis
UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity
June 10, 2012 5:52
Over 90% of passwords vulnerable to hacking
Passwords in the Middle East - even ones deemed to be "strong" - are actually susceptible to infiltration.
May 23, 2013 8:51
'Renewable energy absolutely necessary' - Saudi
Oil saving win-win drives Saudi solar power boom...
May 23, 2013 4:56
Real cost of sending your child to a Dubai school
Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.
May 23, 2013 1:19
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24