Tuesday 29 July 2014
 
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Finance Minister

India's new finance minister faces huge challenges

Hardened by a term in prison as a student leader and polished over a career as a successful and urbane courtroom lawyer, Arun Jaitley, India's new finance minister, could prove an effective foil for Prime Minister Narendra Modi.

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Egypt economy growth seen less strong than thought

Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.

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Turkey may hold IPO for toll roads, bridges in 2014

Turkey will not privatise its toll roads and bridges this year but may hold an initial public offering for them in 2014, Finance Minister Mehmet Simsek told Turkey's CNBC-e television on Wednesday. A $5.7 billion tender for th

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Egypt's new finance minister faces daunting task

Egypt's new finance minister is a US-educated economist who will need all his training to help pull his country out of an acute financial crisis aggravated by renewed political turmoil.   Ahmed Galal, managin

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QNB names finance minister as chairman

Qatar National Bank has appointed the country's finance minister, Ali Shareef al-Emadi, as chairman of its board of directors, the country’s largest lender said in a statement on Sunday. Emadi was previously QNB's ch

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Oman mulls first dollar bond in 17 years

Oman 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.

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Former Egypt finance minister gets life sentence

Former 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

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Kuwait approves personal debt relief plan

Kuwait'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

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Bahrain’s 2013 budget considers oil at $90

Oil 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

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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

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