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HSBC, Europe's biggest lender, is significantly scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its top private banker in the region had been reassigned to London.
February 29, 2012 1:51
Brent crude rose above $122 on Wednesday, snapping two days of losses, in line with gains across broader financial markets on expectations that cheap loans from the European Central Bank will spur buying of riskier assets.
February 29, 2012 1:47
Major traders are in talks with Greece to supply crude oil and help the country cut reliance on Iranian oil ahead of a European ban, in a sign that they are happier about Greece's creditworthiness following a second debt bailout.
February 25, 2012 12:25
Russia has joined countries considering tit-for-tat legislation to counter a European Union law that forces airlines to pay for carbon emissions, its transport minister said on Tuesday at the start of a Moscow meeting of countries opposing the EU scheme.
February 22, 2012 12:48
The World Bank sharply cuts global economic growth forecast, seeing "real" risk of a slump like 2008/09. And it looks like it’ll be worse for developing countries
January 18, 2012 3:14An Iranian oil official has confirmed that Iran owes Italian energy major Eni some $2 billion worth of oil that Rome is concerned could be put at risk by a European Union embargo on crude imports from the Islamic Republic.
January 9, 2012 11:16
Has enough been done to safeguard Afghanistan's government from sinking back civil war and then Taliban rule? A meeting in Germany scopes out economic instability and a potential political regression.
December 5, 2011 1:08Speaking as euro zone reforms its bailout fund; UAE c.bank investing in US Treasuries again; Local bank lending growth good given circumstances
November 29, 2011 1:05
With debt crises either side of the Atlantic, Europe flirting with recession and Libyan oilfields returning to production, it is tempting to be bearish on oil. Tempting but risky.
November 22, 2011 2:48UASC mandates DB, UBS and Mitsubishi for investor meetings; Roadshows kick off Thursday in Singapore; Potential bond will be company's debut issue; Co does not intend to get a credit rating
November 21, 2011 2:42The global debt crisis may help Islamic finance nearly double to $1.8 trillion in assets by 2016 as stagnant corporate lending pushes institutions to seek alternative financing to traditional methods, according to a report by Deutsche Bank.
November 16, 2011 12:49
Two Speed Europe? Recent comments from French President Nicolas Sarkozy has been the source of much controversy. And no, we…
November 10, 2011 5:57The UAE will see a slowdown in business because of global economic conditions, the Gulf Arab country's Central Bank Governor Sultan Nasser al-Suweidi said on Monday.
October 31, 2011 10:52EU says Iran talks must be "constructive and substantial"; Iran has dismissed US threat to target central bank; Russia, China have blocked broader response to Syria
October 24, 2011 6:49
It bought into a Greek bank and some German brands but Qatar may be more interested in Asia, after all. And Europe can't turn to Abu Dhabi either.
October 10, 2011 11:13
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
