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Weekly FX roundup: Greek uncertainty hounds markets
The markets moved lower this past week against the dollar on continued decaying of risk... Read full article »
Saudi official says dollar should expect competition
The governor of the Saudi Arabian Monetary Agency has said the US dollar will see competition... Read full article »
Dubai World says it made no offer to creditors
A spokeswoman for Dubai's Department of Finance has said that an offer to creditors on the state-... Read full article »
Gulf Finance House posts $607m Q4 loss
Bahrain's Gulf Finance House has recorded a $607m fourth-quarter loss compared to an $11m loss... Read full article »
Aabar eyes investment in UAE, Algeria ventures
Abu Dhabi-based investment firm Aabar Investments has said its board will consider investments in... Read full article »
Tadawul sees slight gain
Saudi Arabia's Tadawul All Share Index gained 0.25% today to close on 6,284, with 74 stocks... Read full article »
ADX dips 0.64%
The Abu Dhabi Securities Index fell 0.64% today, with only the Consumer sector ending higher.... Read full article »
DFM falls 3.50%
Dubai stocks fell sharply today following a report by Zawya Dow Jones which said Dubai World may... Read full article »
Dubai World may offer creditors 60% payback
Dubai World may offer its creditors 60 cents on the dollar after seven years as part of a deal to... Read full article »
Iraq to redenominate its currency
Mudher Kasim, a senior advisor at Iraq's central bank, has said the country expects to... Read full article »
Egypt expects 5.5% GDP growth in 2010/11
Egypt's economic development minister has said that the country's economy may grow by 5.5% in... Read full article »
Aabar rules out plans to up Daimler stake
Mohamed Badawy al-Husseiny, CEO of Aabar Investments has ruled out plans to increase its stake in... Read full article »
DFM rises over 2%
The Dubai Financial Market (DFM) closed up by 2.17% to 1,676.20, with 22 stocks rising, three... Read full article »
ADX rises 0.68%
The Abu Dhabi Securities Exchange (ADX) rose 0.68% on the final day of trading of the week,... Read full article »
Egypt GDP up 5.1% in final 2009 quarter
The Egyptian cabinet has said that the country's gross domestic product had increased by an... Read full article »
