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LIBOR

Libor Scandal but with criminal power?

Power of criminal sanctions: Libor reform effect on GCC business

Any reforms in setting Libor will affect the cost of doing business in the GCC and hence should be of importance to both lenders and borrowers...

September 24, 2012 2:27
 
business-dubai-gcc-money

Dubai’s Limitless to sign $1.2 billion debt deal in September

Limitless, the indebted property arm of Dubai World, is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday.

September 4, 2012 5:34
 
UAE-central-bank

UAE central bank confirms Barclays to leave rate-setting panel

The United Arab Emirates central bank confirmed Barclays has asked to withdraw from the country's interbank lending rate-setting panel, and will leave after completing a mandatory 90-day notice period.

July 19, 2012 11:00
 
200-barclays

Libor scandal forces Barclays from UAE rate panel

British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because of its involvement in the Libor scandal in Britain, industry sources told Reuters on Sunday.

July 16, 2012 10:28
 
Group launches first Islamic Interchange Benchmark

Group launches first Islamic Interchange Benchmark

A sharia-compliant alternative to LIBOR and formed through collaboration of 16 firms, IIBR may be used to price range of Islamic instruments although widespread use may not be so easy.

November 22, 2011 3:13