Saturday 12 July 2014

Pope creates office to oversee Vatican finances

Pope Francis has taken his boldest step yet to overhaul the Vatican's often murky finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican said on Monday. The


Egypt's fiscal status may be worse than estimated

Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond markets have cheered the ouster of unpopular President Mohamed Mursi by the army and Egypt's debt insurance costs


UAE finances strengthening but risks in Dubai: IMF

The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil price which it needs to balance its budget, the International Monetary Fund said on Thursday.


Oman must slash govt spending says IMF

Oman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday.  


Euromoney to open 5th Kuwait conference

Euromoney Conferences will open its fifth conference tomorrow at the JW Marriott Hotel in Kuwait, which will take an in-depth look at Kuwait’s public finances and its macroeconomic position. The conference, with the theme &l


Britons 'increasingly fretful about finances'

Britons remain deeply pessimistic about the economy and are increasingly worried about their personal finances, a poll published on Thursday showed.    This month's Reuters/Ipsos Mori poll shows that 48 percent of voters be

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