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UAE: any inclusion of Yuan in reserves is long-term issue

UAE: any inclusion of Yuan in reserves is long-term issue

Any decision by the United Arab Emirates to include the Chinese yuan into the UAE central bank's official foreign currency reserves would be the result of a long-term process, the bank's head said on Friday.

March 24, 2012 3:46
 
Cautiously, tiny Algeria exchange to open up to foreigners

Cautiously, tiny Algeria exchange to open up to foreigners

Algeria's stock market resembles its economy: over-regulated, uncompetitive and performing well-short of its potential. So plans to allow foreign money into it may be a step towards wider economic change.

March 15, 2012 11:32
 
Qatar Bourse says foreign stake onus on companies

Qatar Bourse says foreign stake onus on companies

Qatar's bourse has done all it needs to secure an upgrade to emerging market status from index compiler MSCI and the onus is now on individual companies to address the main foreign ownership limit issue, its top executive said.

February 6, 2012 2:50
 
Qatar Foreign Ownership limits may remain through June

Qatar Foreign Ownership limits may remain through June

Trading on new SME market to begin by year-end; T-bill trading limited since December launch

January 26, 2012 1:47
 

China’s Wen to visit key MidEast energy powers

China's Premier Wen Jiabao will visit three key Middle Eastern oil and gas suppliers -- Saudi Arabia, the United Arab Emirates and Qatar -- from the weekend, amid signs that Beijing wants to expand its options in the face of US sanctions aimed at Iran.

January 10, 2012 10:54
 

Algeria to change energy law to draw investors

Energy minister says fiscal terms to be reviewed; Oil majors say terms too onerous to invest; Oil and gas bid rounds have seen lacklustre interest

December 7, 2011 12:40
 

Tehran’s foreign schools shut after embassy attack

International schools in Iran have shut their doors after hardline students stormed the British embassy last week, stoking ordinary Iranians' fears that foreigners are about to pull out of the Islamic Republic ahead of a US or Israeli-led attack.

December 6, 2011 11:39
 

UAE takes a step closer to 100 percent foreign ownership law

Country may follow Qatar's example and allow 100 percent ownership in certain sectors.

June 7, 2010 3:46
 

Yemen suffers ’99 percent’ slump in tourism

Kidnappings lead to huge fall in tourism revenues – a disaster for Yemen’s fragile and struggling economy.

May 29, 2010 2:55
 
Patience is a virtue

Patience is a virtue

There’s evidently no rush to reform the UAE’s Company Law, which limits foreigners to 49 percent ownership.

September 9, 2008 10:35