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Yemen budget forecasts $3.2bn deficitYemen's cabinet on Sunday approved a draft budget for 2013 that projects a deficit of 682 billion rials ($3.17 billion) and expenditure of 2.77 trillion rials, state news agency Saba reported. More… |
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UAE bankruptcy law draft delayed to end-2013A draft of changes to UAE bankruptcy law aimed at simplifying the process and letting failing companies restructure is taking longer than expected and may not be ready until the end of 2013. The draft, which has been in the works More… |
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Egypt's judiciary split over referendumEgypt's Supreme Judicial Council has agreed to supervise a referendum on a draft constitution, a legal adviser to President Mohamed Mursi said on Monday, although some judges have called for a boycott. Judicial dissent has com More… |
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Iran MPs demand cut in crude exportsIranian parliamentarians have prepared a draft law to reduce the country's crude exports by up to a third this year in retaliation for western sanctions against Iran's oil sector, the semi-official Fars news agency said on Wednesday. More… |
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Iran drafts bill to block Hormuz for Gulf tankersIran's National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday More… |
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UAE set to OK new bankruptcy law by year-endThe United Arab Emirates is close to finalising an updated federal bankruptcy law and a draft of the legislation should be ready by the end of this year, Justice Minister Hadef bin Juan Al-Dhaheri said on Monday. &nbs More… |
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EU mulls new 'shadow banking' curbsThe European Commission is widening its regulatory sweep to include 'shadow' banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector that has been blamed for helping trigger the fin More… |
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Abu Dhabi presents new farming policyThe Abu Dhabi Food Control Authority (ADFCA) recently organised a workshop to discuss the draft agricultural policy for the Emirate of Abu Dhabi with various stake holders. The objective of the workshop at Rocco Forte Hotel was to int More… |
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UN may vote on new Syria draft next weekThe UN Security Council could vote as early as next week on a Western-Arab draft resolution endorsing the Arab League's call for Syrian President Bashar al-Assad to transfer powers to his deputy, council diplomats said. It remains unc More… |
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UAE issues draft short-selling, borrowing rulesThe United Arab Emirates' market regulator has published new draft rules on short-selling and borrowing, asking investors for feedback, as it looks to boost dwindling trade and attract more foreign investment. The Securities and Commod More… |
