http://www.ameinfo.com/news/Finance_and_Economy/ Finance and Economy latest news and features en-us Sat, 11 Oct 2008 18:40:29 +0400 5 105 23 http://www.ameinfo.com/rss/ http://www.ameinfo.com/images/ame_rss_logo.gif http://www.ameinfo.com/171000.html Sat, 11 Oct 2008 13:02:00 +0400 The global International Monetary Fund has said the global credit crisis has so far had little impact on Middle Eastern countries, where economic growth is being sustained by non-oil sectors. But the IMF said in its semi-annual World Economic Outlook that oil exporting countries are suffering from high inflationary pressures. It said that gross domestic product growth in the Middle East would weaken next year, but only by 0.5% to 6%. [AMEInfo.com] http://www.ameinfo.com/170998.html Sat, 11 Oct 2008 12:55:00 +0400 Jordan and Lebanon have been named in a World Bank report as facing financial problems, caused by a combination of the global credit crisis and high food and fuel costs. The report describes the two, along with a number of African and Asian countries, as 'fiscally vulnerable'. It said they will struggle to take on new debt to afford the higher prices. [AMEInfo.com] http://www.ameinfo.com/170979.html Sat, 11 Oct 2008 11:30:00 +0400 Qatar and Saudi Arabia are the GCC's most competitive economies, according to the World Economic Forum’s competitiveness rankings. Qatar came 26th in the world rankings, and was followed by Saudi Arabia once place below. Elsewhere in the Gulf, Kuwait was ranked 35th, Bahrain 37th and Oman 38th. The listing ranks 134 countries for their competitiveness, with only Uzbekistan missing due to a lack of data. [AMEInfo.com] http://www.ameinfo.com/170954.html Sat, 11 Oct 2008 09:30:00 +0400 Dubai's Zabeel Investments is looking to buy second tier English football club Charlton Athletic. The club, which is languishing mid-table in the English Championship despite pre-season expectations that it would be chasing promotion, said it has entered due diligence with Zabeel. The board has said that if an offer is made, it will recommend to shareholders that they accept. Zabeel was previously linked with a takeover of Premiership strugglers Newcastle, but Charlton would be a far cheaper option to buy. [AMEInfo.com] http://www.ameinfo.com/170919.html Thu, 09 Oct 2008 14:33:00 +0400 The Dubai Financial Market rose 3.67% on Thursday, one day after the UAE cut interest rates. The index climbed 113.08 points to close on 3,198. Among the day's big gainers, Arabtec rose by 13.09%, Air Arabia by 10.19%, and Du by 9.29%. Meanwhile, the Abu Dhabi Securities Exchange gained 30.36 points, or 0.96%, to end the day on 3,207. [AMEInfo.com] Error: Unmatched endif/endifnot/endunless tag