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Saudi Finance Minister: Too early to offer IMF contribution

Saudi Finance Minister: Too early to offer IMF contribution

Saudi Arabia's Finance Minister Ibrahim Al-Assaf said on Tuesday that it was too early for his country to offer a fresh financial contribution to the International Monetary Fund.

February 7, 2012 2:31
 
Geopolitics, debt refinancing leave funds wary of Gulf

Geopolitics, debt refinancing leave funds wary of Gulf

Tensions over Iran, unrest in Syria and concern about refinancing of upcoming Dubai debt are making international investors wary of Gulf and other Middle Eastern markets this year, just as developed markets enjoy fresh gains.

February 7, 2012 2:25
 
Syria Central Bank head says will defend pound

Syria Central Bank head says will defend pound

Syria's central bank will intervene to prop up its currency - which has plunged under the mounting pressure of sanctions and violence - and has the reserves to back that strategy, Kuwaiti state news agency KUNA cited governor Adib Mayaleh as saying on Monday.

February 6, 2012 3:00
 
Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.

February 6, 2012 2:58
 
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