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Salameh urges Lebanese banks to offer more loans

Beirut :: Lebanon | about 15 hours ago | Business News

Source: The Daily Star

Banque du Liban Governor Riad Salameh on Thursday urged the Lebanese banks to offer more but carefully calculated loans to the private sector in 2009. Speaking to the board members of the Association of Banks in Lebanon, Salameh said that...

2 news stories / 0 blog posts / 3 images / 0 videos / 0 voices

Waha Leasing purchases two aircraft from AerCap

Abu Dhabi :: United Arab Emirates | about 16 hours ago | Business News

Source: Gulfnews.com

Waha Leasing added that the newly delivered aircraft have been placed on lease with Russian airline Aeroflot. Three-way agreement "We got a negotiated price from AerCap for the deal," Salem Rashid Al Noaimi, chief executive officer of Waha Leasing told...

2 news stories / 0 blog posts / 0 images / 0 videos / 0 voices

The financial crisis,food crisis. What about starving countries?

Doha :: Qatar | about 1 hour ago | Business News

Posted by vishnughimire

In recent months, the financial crisis has pushed back the food crisis, which had dominated the headlines for the past eighteen months. But falling prices and corporate bankruptcies cannot hide an appalling fact - if not starvation, at least a...

1 news story / 1 blog post / 2 images / 0 videos / 1 voice

Qatar plant development delayed

Doha :: Qatar | about 22 hours ago | Business News

Source: Gulfnews.com

Completion of the plant would be delayed to at least 2012, he added, declining to be identified. Previous schedule The plant was last scheduled to start up in 2011. When QP and Honam first announced it in 2005, the plant...

6 news stories / 3 blog posts / 6 images / 1 video / 0 voices

Dubai developer reviewing mega housing project

Dubai :: United Arab Emirates | 1 day ago | Business News

Source: Middle East Political News

A Dubai developer said is reviewing plans for a massive 95-billion-dollar housing project it unveiled just two months ago, in a sign the global economic crisis is beginning to hit the booming city-state. Government-owned Meraas boasted in October that its...

9 news stories / 8 blog posts / 29 images / 19 videos / 0 voices

TEXT: Fed Chief on Housing, Mortgage Markets

Hūd :: Iran | about 19 hours ago | Business News

Source: Fox News

Housing, Mortgage Markets, and Foreclosures The U.S. financial system has been in turmoil during the past 16 months. Credit conditions have tightened and asset values have declined, contributing substantially, in turn, to the weakening of economic activity. As the participants...

2 news stories / 6 blog posts / 7 images / 6 videos / 0 voices

Oil rebounds on skimpy crude inventory report

Tehrān :: Iran | 1 day ago | Business News

Source: The Examiner

Oil prices rebounded from three-year lows Wednesday as investors weighed falling global demand with a new government report showing an unexpected decline in U.S. crude inventories. Light, sweet crude for January delivery gained 57 cents to $47.53 a barrel on...

5 news stories / 1 blog post / 8 images / 12 videos / 0 voices

Oman cuts budget oil price by $10

Muscat :: Oman | 1 day ago | Business News

Source: Gulfnews.com

US crude slumped to just over $47 a barrel yesterday from a peak of over $147 in July. The slide has forced other oil-producing nations to cut their budget assumptions. Oman is a small producer pumping around 750,000 barrels per...

3 news stories / 5 blog posts / 0 images / 5 videos / 0 voices

Union of craft associations and small industries established

Say'ūn :: Yemen | 1 day ago | Business News

Source: Yemen Observer

The associations working in the field of crafts and small industries have an essential role related to supporting the national economy, Dr. Yahya Mutawakel, the Minister of Industry and Trade said during a launch for the founding conference of the...

2 news stories / 0 blog posts / 0 images / 0 videos / 0 voices

Jefferies Group to cut work force by 13 percent

Dubai :: United Arab Emirates | 1 day ago | Business News

Source: International Business Times

The company said after the market closed that it expects to end the year with 2,150 employees. The company had 2,465 workers globally as of Sept. 30, according to a filing with the Securities and Exchange Commission. Jefferies said its...

2 news stories / 0 blog posts / 6 images / 0 videos / 0 voices