Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
Treasury, which is responsible for applying a
Senior financial and treasury professionals in the Middle East are bullish about the prospects for their companies' business in the coming 12 months despite dollar liquidity challenges, a report said.
A resounding 73 per cent are optimist
Mubadala Development Company, the Abu Dhabi-based strategic investment and development company, last night won the Large Treasury Team of the Year award at the Association of Corporate Treasurers Middle East (ACTME) 2011 Awards.
US Treasury Secretary Timothy Geithner holds talks with European finance ministers on Friday on the possibility of leveraging the euro zone's bailout fund to help resolve the debt crisis.
Washington set up an emergency fund to support US l
China's central bank governor urged Washington on Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the US Treasuries market will undermine the international monetary system and hamper global growth.
US Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt.
The US Treasury will issue $72
Gulf Bank has appointed Grant Jackson as general manager of treasury following the approval of the Central Bank of Kuwait.
Jackson joins the Bank from Commercial Bank International (CBI) in Dubai, where he has been head of treasury and inv
There is a risk that lack of financial confidence could spread across the European Union and affect previously untouched countries, Britain's chief secretary to the Treasury David Laws has said.
Laws, a Liberal Democrat, holds the number t
The US Federal Reserve made record profits in 2009 and will return $45 billion to the US Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported.
The $45 billion reflects the h