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Oman mulls first dollar bond in 17 yearsOman is considering whether to issue a US dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to facilitate debt sales by its private sector, finance minister Darwish al-Balushi told Reuters. More… |
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Former Egypt finance minister gets life sentenceFormer Egyptian finance minister Youssef Boutros-Ghali was sentenced in absentia to life in prison in a corruption case on Tuesday, a Cairo criminal court source said. Boutros-Ghali, whose uncle Boutros Boutros-Ghali was U.N. secr More… |
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Kuwait approves personal debt relief planKuwait's parliament approved a plan on Wednesday to buy some citizens' personal loans, write off the interest and reschedule repayments. Finance Minister Mustapha al-Shamali said on Tuesday the government was expecting to More… |
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Bahrain’s 2013 budget considers oil at $90Oil prices included in Bahrain’s 2013-2014 state budget and estimated at $90 per barrel are feasible and reflect market predictions, said a top government official. MP Latifa Al Gaoud was speaking as he chaired the parliament and More… |
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Egypt ‘sales tax hikes on hold for two weeks’Egypt's government will not implement a series of planned tax increases until it completes a dialogue with different parts of society, Al-Mal newspaper has quoted Planning Minister Ashraf al-Araby as reaffirming. The governmen More… |
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World Bank backs Bahrain’s energy projectBahrain will be provided with technical support by the World Bank for a national initiative to optimise energy usage and protect the environment. Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa and Minister of State for Elec More… |
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Iraq 2013 budget seen above $110bnIraq's 2013 budget is expected to rise to around 130 trillion Iraqi dinars ($111.4 billion), based on an oil price of $85 per barrel and crude exports of 2.9 million barrels per day, the country's deputy finance minister said on Wednesday. More… |
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Greece names Stournaras new Finance MinisterGreece's ruling coalition appointed economist Yannis Stournaras as the country's new finance minister, the prime minister's office said on Tuesday. "Prime Minister Antonis Samaras has decided to name Athens University economics professor a More… |
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Kuwait picks acting finance ministerKuwait has appointed Nayef Al-Hajraf as the country's acting finance minister, state news agency Kuna said on Monday, after his predecessor Mustapha Al-Shamali quit amid allegations of financial irregularities in his departments. More… |
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Kuwait finance minister quits after oppn chargeKuwait's finance minister resigned on Thursday after opposition lawmakers accused him in parliament of failing to deal with alleged financial irregularities in his departments. Mustapha Al-Shamali, who served as finance minister from 2007 More… |
