State-owned companies in Qatar must now seek approval from the Ministry of Finance before undertaking any borrowing activity, banking sources said on Tuesday, as the country looks to avoid unsustainable debt levels in a rush for growth.
Gold edged between gains and losses on Wednesday as investors fretted over the timing of the US Federal Reserve's stimulus tapering.
The choppy trade followed a 1 per cent fall on Tuesday, which ended a four-day winning streak
Abu Dhabi's review of state-linked firms, which has involved the government tightening its purse strings and holding off key projects, is leaving investors and stakeholders guessing on how future business deals will unfold in the wealthy emi
Saudi Arabia will need steadily higher crude oil prices to balance its budget, reaching $320 per barrel by 2030, unless it curbs domestic oil consumption, an economist and specialist on the kingdom said as reported by an industry newsletter.
Africa could avoid food shortages if it reduces the tangled web of rules, fees and high costs strangling regional food trade and by putting large swathes of uncultivated land to productive use, a World Bank report said.
Iraq's central bank has eased restrictions on the sale of dollars in a step likely to boost the dinar currency, according to senior banking officials.
The central bank tightened rules in April over who could participate in its
The UAE plans to curb the importation of unskilled workers into the country in line with its policy to balance the country's demographic structure, said a report.
The move comes as part of the government's strat
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the debt into equity, a report said.
Last year, the ministry launched a 70 billion dirham ($
India said it may allow limited rice exports, a sign that a global supply crisis could start to ease, as Philippine traders held off purchases hoping for new crops soon from southeast Asia.
Despite that optimism, US rice prices surged alm
Arab governments have adopted a satellite broadcasting charter which will entrench state control over broadcasts and curtail political expression.
The document, which echoes the language found in press laws used by some Arab countries to p