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News & Views General
The United Arab Emirates’ central bank has asked all banks operating in the country to obtain its permission before selling structured financial products – Gulf News.
Dubai World put “a number” of projects on hold as the global economic crisis hurt the government-owned investment group. Dubai World may be forced to restructure a [...]
News & Views General
The Central Bank of Bahrain (CBB) has become the first regulator in the Middle East to set a minimum qualification bar for representatives of insurance companies to practice in the Kingdom.
Kuwait and Qatar have synchronized their power networks as they move towards the launch of a four-nation Gulf grid. Saudi Arabia successfully [...]
News & Views General
The United Arab Emirates economy is expected to contract 2% in 2009, but a “mild recovery” is projected for 2010 – Morgan Stanley.
Iraq faces regulatory, administrative and political barriers that will prevent it from major oil production expansion for at least five years and the rules governing oil deals reached in Iraq [...]
News & Views General
· The withdrawal of United Arab Emirates from the proposed Gulf monetary union has thrown into question the viability and influence of any union that does emerge eventually. The UAE — the second of six members of the Gulf Cooperation Council (GCC) to pull out of Gulf monetary union after smaller Oman [...]
London, Thursday, March 05, 2009 ARANCA News Report (www.aranca.com) : In order to prioritise expenditure and retain flexibility to for large-scale infrastructure development, the Ministry of Finance of United Arab Emirates announced that it is revamping federal budget and aims to release them every three years. The first ever three-year budget would run from [...]
