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HuaweiQatar’s budget surplus more than tripled to QR44.5 billion ($12.2 billion) in the fiscal year ended in March, double the original plan and helped by booming revenues from liquefied natural gas, or LNG, a prospectus for the country’s potential Islamic bond issue showed on Monday.
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The steady growth in the construction industry and continued focus on expansion plans, the Danube Group has recorded a significant double-digit growth in sales for the first six months of 2012.
Atiq Juma Nasib, senior director, Commercial Services Sector, Dubai Chamber of Commerce and Industry, received Ambassador George Hallaq, Minister of State and Presidential Envoy of the Republic of Guyana, and his business delegation seeking stronger trade ties with Dubai businesses, at the Chamber head office on Monday.
Dubai utility announced on Monday it has completed 14 projects worth Dh2.7 billion in the first six months of the year that will further enhance its transmission network.
A modest global economic recovery combined with high oil prices and the reduction of refinancing exposure helped to further enhance the credit quality of rated non-financial corporates in the GGC, Moody’s Investors Service said in a special report on Monday.
The European Union worked towards stabilizing Spain’s finances Tuesday as it backed up the blueprint for the country’s (euro) 100 billion bank bailout plan with plans to grant the country an extra year to cut its budget deficit.
LONDON - Gold rose on Tuesday, taking advantage of a drop in the US dollar after top Federal Reserve policymakers warned about the fragility of the economy and after euro zone finance ministers made progress in agreeing on terms of aid for Spain’s banks.
HONG KONG — Asian markets fell on Tuesday, as weakening demand for imports in China provided new evidence of a slowdown in the region’s biggest economy and investors shrugged off a eurozone bid to help Spain.
TOKYO/LONDON - Mitsubishi UFJ Financial Group has suspended two London-based traders as a result of a probe into the manipulation of interbank lending rates that is affecting a dozen or more major banks around the world.
PARIS — Unifying banking supervision in the eurozone can be done “quickly” and would best be handled by the European Central Bank, Bank of France chief and ECB board member Christian Noyer said on Monday.
