Finance Minister Mohammad Safadi said Lebanon plans to raise $2 billion in Eurobonds this year after borrowing costs of the most indebted Arab country dropped to a record.
Turkish gold sales to Iran in March soared over 30 times and gold companies said Iranians were turning to gold for savings and possibly trade as Western sanctions tighten.
Sharia-compliant Bank of London and the Middle East (BLME) is targeting the thousands of rich Gulf residents who have ties to the UK to boost its corporate and private banking business.
The United Arab Emirates' current account surplus quadrupled to Dh112.7 billion ($30.7bn) in 2011 as both crude and non-oil exports soared, the central bank's annual report showed on Thursday.
The average yield on 182-day Egyptian treasury bills rose to its highest level in at least a decade at an auction on Thursday, while the yield on 357-day bills rose as well, the Ministry of Finance said.
Moody's Investors Service has today affirmed the A3 insurance financial strength rating (IFSR) of Al-Ain Ahlia Insurance Co, which is based in Abu Dhabi in the United Arab Emirates.
Palm oil rebounded from the biggest drop in more than 14 months as the slump, driven by concern that Europe’s debt crisis will worsen with the possible exit of Greece from the euro region, prompted buying from consumers.
Possible El Nino weather conditions later this year could exacerbate a potential global cocoa deficit in the coming 2012/13 season, causing prices to climb, the International Cocoa Organization (ICCO) said.
The world's top 29 banks may need a total $556 billion to meet tougher new capital rules, cutting returns by a fifth and forcing them to curb investor payouts and raise customer charges, Fitch Ratings said on Thursday.
Global trade growth will slow this year and volumes are unlikely to regain their pre-crisis trend for at least another four years, according to a survey released on Thursday.
