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Saudi Al Tayyer IPO

Appetite strong for Saudi IPOs despite global woes

Fifth new listing of 2012 is imminent; Offer of shares in airline catering unit underway; Global slump, oil price are threats to IPO market; But investors still expect solid corporate earnings; IPOs focused on domestic demand likely to do well

June 21, 2012 11:55
 
HSBC

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
 
United Nations

UN confirms top us Middle East diplomat to take UN post

The United Nations confirmed on Monday that Jeffrey Feltman, until recently the top U.S. diplomat for the Middle East, will soon take up a senior post at the United Nations.

June 12, 2012 11:11
 
China's Wen says opposes nuclear weapons in Middle East

China’s Wen says opposes nuclear weapons in Middle East

Iran is at the centre of a standoff over its disputed nuclear programme, which the West suspects is aimed at developing nuclear weapons. Iran says its aim is the peaceful production of electricity.

June 6, 2012 7:21
 
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