UAE, US discuss bilateral banking issuesUAE Banks Federation recently hosted a high-level delegation led by the US Secretary of the Treasury, to discuss key banking and financial issues of US and UAE bilateral interest and explore possible ways of collaboration to address them. More… |
Global volatility may stall new Gulf bond issuanceVolatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise. Bo More… |
Gulf wealth funds raising private equity investmentsSovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in a new study. "Contrary to popular per More… |
US mulls tougher Iran law for foreign banksUS lawmakers are working on legislation that would force European and Asian banks with US accounts to directly report to the US Treasury their transactions with Iranian financial institutions, a lawmaker and congressional aides said on Tuesday.&nb More… |
Global stocks lose more than 9pc in 2011World stocks have lost more than 9 per cent for the year, although a steady flow of encouraging US economic data allowed the S&P 500 to erase losses and close practically where it started in 2011. Better than oil, gold, or stocks, the More… |
Taqa sells $1.5 billion in bondsState-run Abu Dhabi National Energy Co (Taqa) has sold $1.5 billion in bonds maturing in five and 10 years to refinance upcoming debt. The company issued $750 million in five-year bonds paying a premium of 330 basis points over comparable More… |
UAE central bank buying US govt debt againThe United Arab Emirates' central bank has resumed investing in US Treasury bonds because interest rates on them are now reasonable, the bank's governor said on Tuesday. Gulf Arab oil exporters such as the UAE mainly invest in dollar asset More… |
US Treasury to brief UAE, Israel on Iran actionThe US Treasury is sending its top national security official to the UAE and Israel this weekend to brief government officials on new US actions to increase financial pressure on Iran. The Treasury said David Cohen, undersecretary for terr More… |
China blasts US; calls for dollar oversightChina roundly condemned the United States for its "debt addiction" and "short sighted" political wrangling and said the world needed a new stable global reserve currency. In a harshly-worded commentary by the official Xinhua news ag More… |