The dollar is rising against the euro on signs that the U.S. economy is slowly getting better.
The dollar is rising against the euro on signs that the U.S. economy is slowly getting better.
A British bank accused of scheming with the Iranian government to launder billions of dollars will be subject to two years of monitoring at its New York branch and will permanently install personnel to oversee and audit offshore monitoring as part of a $340 million settlement with financial regulators.
KUWAIT CITY - Kuwait Energy and its main partner in Egypt, the Egyptian General Petroleum Corporation, on Wednesday announced that they have begun production of oil and gas condensate in four wells within the Abu Sennan concession.
Exporters, manufacturers and retailers remained upbeat about prospects for the third quarter as they geared up for busier days ahead with increased sales and profits, the Dubai Department of Economic Development, or DED, said on Tuesday.
CAIRO - Egypt is considering selling a stake in the country’s stock market, state-run Middle East News Agency, or Mena, reported on Tuesday.
MANAMA- ABC Islamic Bank on Tuesday announced that its net profit for the first half of 2012 was $4 million compared to $5.1 million for the same period in 2011, which included a non-recurring one-off revenue item of $1.3 million.
Prime Minister Antonis Samaras will call for a two-year extension to Greece’s austerity programme when he meets Angela Merkel and Francois Hollande next week, the Financial Times reported on Wednesday.
LONDON — Shares in Standard Chartered rose in early London trading Wednesday after the British bank settled allegations from a NY regulator that it helped Iranian clients dodge US sanctions.
BANGKOK — World stocks fell Wednesday as recession among euro nations and slowing growth in China offset flickers of improvement in the US economy.
NEW DELHI — India’s national security is at risk if urgent steps are not taken to boost economic growth, attract new investment in infrastructure and legislate against corruption, Prime Minister Manmohan Singh said Wednesday.