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Middle East News

Sudan's Bashir says tensions with South could spark war

Saturday, 04 February 2012 at 10:07, Reuters, Khartoum

Sudan's President Omar Hassan al-Bashir said on Friday tensions with South Sudan over oil transit payments could lead to war, stepping up the rhetoric in a row over crude reserves between the two coun

Turkish inflation climbs to three-year high, may have peaked

Friday, 03 February 2012 at 16:49, Bloomberg

Turkish inflation climbed for a fourth consecutive month in January to the highest level since November 2008 after food prices surged. Bonds yields slumped on speculation the rate may now decline.

Turkey to hire three banks for sale of Samurai bonds

Friday, 03 February 2012 at 15:10, Bloomberg

Turkey hired three banks for a sale of Samurai bonds guaranteed by Japan Bank for International Cooperation, according to two people familiar with the matter.

Ukraine maize exports to Iran shrink 40pct in January

Friday, 03 February 2012 at 14:50, Reuters, Kiev

Ukraine's exports of maize to Iran dropped 40 per cent in January as problems collecting payment from Tehran due to tightening sanctions hampered trade, consultancy ProAgro said on Monday, quoting por

Egypt leaves benchmark rate unchanged at 9.25pct

Friday, 03 February 2012 at 09:47, Bloomberg

Egypt’s central bank left its key interest rate unchanged after the government requested a $3.2 billion loan from the International Monetary Fund and parliamentary elections eased concerns over poli

Sale of Beltone chairman Saba's stake suspended

Thursday, 02 February 2012 at 18:10, Reuters, Cairo

Egyptian investment firm Arabiyya Lel Estithmaraat's (AIC) plan to buy Egyptian businessman Aladdin Saba's stake in investment bank Beltone Financial Holding has run into trouble after Beltone rejecte

Politics, realty prices underline Bahrain refinancing risk

Thursday, 02 February 2012 at 18:09, Reuters, Bahrain

Bahraini financial firms face a tough task raising funding in 2012 as political tensions from last year's Arab Spring unrest fester and real estate investments show no sign of paying off.

Gulf embraces repos as attitudes change, funding dries up

Thursday, 02 February 2012 at 17:27, Reuters, Dubai

Smaller Gulf banks, squeezed by difficult funding conditions and flush with bond paper following the busiest period of issuance from the region on record, are increasingly exploiting the repo market t

Qatar, China central banks agree to boost cooperation

Thursday, 02 February 2012 at 16:49, Reuters, Dubai

The central banks of China and Qatar agreed to strengthen cooperation in areas such as developing their financial markets, a statement said on Thursday, the latest in a series of agreements that the P

SocGen to close Bahrain office in cost cut move

Thursday, 02 February 2012 at 15:26, Reuters, Dubai

Societe Generale's private banking arm plans to close its office in Bahrain, it said on Thursday in the latest exit by a bank from the Gulf island kingdom, as France's second-biggest listed bank aims


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