http://www.zawya.com/moneyen-usCopyright 2009 ABQ Zawya Ltd. All rights reserved.Fri, 20 Nov 2009 07:25:00 GMT5014476http://www.zawya.com/moneyhttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20091120072533The Social Security Corporation intends to expand its coverage across the Kingdom and include 85 per cent of the population under its umbrella, according to SSC officials.Fri, 20 Nov 2009 09:18:57 GMTJordan Times ZAWYA20091120072533Openhttp://www.zawya.com/story.cfm/sidZAWYA20091120061803 In its latest economic forecast HSBC put the inflation in Saudi Arabia at six percent in 2010, up from the current 3.5 percent. The overall GDP growth for the six-nation Gulf Cooperation Council is to reach a modest four percent, the report added.Fri, 20 Nov 2009 08:47:37 GMTArab News ZAWYA20091120061803Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119102837 The Central Bank of Iraq's (CBI) dollar sales dropped to $128.513 million in its daily auction on Thursday, compared to $133.09 million during the previous session.Thu, 19 Nov 2009 10:51:04 GMTAswat Aliraq ZAWYA20091119102837Openhttp://www.zawya.com/story.cfm/sidANA20091119T101536ZMDG10 China, Asia and the United States are pulling the world out of an economic vortex with surprising if "modest" speed, the OECD declared on Thursday.Thu, 19 Nov 2009 10:28:08 GMTAFP ANA20091119T101536ZMDG10Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119074746The Central Bank of Iran (CBI) plans to regulate over 1,200 funds in collaboration with the Organization of Islamic Economy and subsequently to keep the inflation rate in check, said the governor of CBI. Thu, 19 Nov 2009 08:26:18 GMTIran Daily ZAWYA20091119074746Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119062418 The Central Bank of Iraq's (CBI) dollar sales dropped to $133.090 million in its daily auction on Wednesday, compared to $144.154 million during the previous session.Thu, 19 Nov 2009 08:21:15 GMTAswat Aliraq ZAWYA20091119062418Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119064638Iran's commerce center will be inaugurated in Shanghai on November 20 under the management of Iran-China Chamber of Commerce and Industries. Thu, 19 Nov 2009 08:19:39 GMTIRNA ZAWYA20091119064638Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119071832 The upcoming GCC summit in Kuwait will be the launch pad for the unified Gulf currency, Deputy Premier and Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah said Wednesday.Thu, 19 Nov 2009 08:16:00 GMTKUNA (Kuwait News Agency) ZAWYA20091119071832Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119044241Saudi Arabia's currency peg to the US dollar 'benefits' the kingdom and will remain as long as the greenback remains the main reserve currency globally, the central bank governor was quoted as saying on Wednesday.Thu, 19 Nov 2009 07:49:05 GMTThe Saudi Gazette ZAWYA20091119044241Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119040308The UAE has invested more than Dh18billion in India and intends to further boost its economic ties with the subcontinent, whose citizens form the largest group of expatriates in the UAE, Minister of Foreign Trade Shaikah Lubna Al Qassimi said on Wednesday. Thu, 19 Nov 2009 07:22:51 GMTKhaleej Times ZAWYA20091119040308Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119033411Bahrain's economy is moving away from dependency on oil, with nonoil products and services are now making up more than two-thirds of the kingdom's total volume of exports, Sheikh Mohammed bin Essa Al-Khalifa, chief executive of the Economic Development Board (EDB), said.Thu, 19 Nov 2009 07:04:30 GMTArab News ZAWYA20091119033411Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119040441Majlis Energy Committee Chairman Hamid-Reza Katouzian has said that the case of the missing $1 billion in oil revenues must be investigated more thoroughly.Thu, 19 Nov 2009 06:53:37 GMTTehran Times ZAWYA20091119040441Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119040817Dubai Export Development Corporation, or EDC, and the Department of Export Promotion, or DEP, a Ministry of Commerce, Royal Thai Government agency established to provide Thai companies with export assistance and services, have sealed a Tradelink Partnership to strengthen the trade and investment linkages between ?their economies.Thu, 19 Nov 2009 06:51:38 GMTKhaleej Times ZAWYA20091119040817Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119031757A leading Qatari industrialist and businessman says that reduction of the income tax slab for foreign companies bodes well for the local trade and industry. Thu, 19 Nov 2009 06:48:27 GMTThe Peninsula ZAWYA20091119031757Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119041908The economies of Gulf oil producers have overcome the adverse effects of the global fiscal turbulence and have started to stabilise as a direct result of their governments' anti-crisis measures, according to a regional investment firm.Thu, 19 Nov 2009 06:45:16 GMTEmirates Business 24/7 ZAWYA20091119041908Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119043222Oman boosted capital expenditure by 22.6 per cent in the first nine months of 2009 as it appears encouraged by surging crude prices to step up spending as part of its anti-crisis measures, official figures showed.Thu, 19 Nov 2009 06:18:58 GMTEmirates Business 24/7 ZAWYA20091119043222Openhttp://www.zawya.com/story.cfm/sidDS191109_dsart48Lebanon's new Finance Minister Raya Hassan Haffar said Wednesday that Lebanon will quickly head toward economic recovery once all parties agree on reforms and Paris III commitments are implemented.Thu, 19 Nov 2009 05:16:02 GMTThe Daily Star DS191109_dsart48Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119040623Lower oil production will ally with slowing construction activity to try and depress the UAE economy in 2009, but the economy is expected to rebound by nearly four per cent in 2010, the Economist Intelligence Unit (EIU) said.Thu, 19 Nov 2009 04:45:00 GMTEmirates Business 24/7 ZAWYA20091119040623Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118141734A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.Wed, 18 Nov 2009 14:32:22 GMTPress Release ZAWYA20091118141734Openhttp://www.zawya.com/story.cfm/sidANA20091118T010449ZLXL04Braking the rise in Earth's population would be a major help in the fight against global warming, according to an unprecedented UN report published Wednesday that draws a link between demographic pressure and climate change.Wed, 18 Nov 2009 12:18:52 GMTAFP ANA20091118T010449ZLXL04Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118111946Standard & Poor's Ratings Services said today it had assigned its 'AA-' senior unsecured debt rating to the State of Qatar's (AA-/Stable/A-1+) $7 billion global bond issue.Wed, 18 Nov 2009 11:31:11 GMTPress Release ZAWYA20091118111946Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118085928The current global slump is best called a "special phase" or temporary slump rather than "crisis", a Kuwaiti banker told KUNA Wednesday while taking part at the International Shariah Scholars Forum 2009.Wed, 18 Nov 2009 09:28:50 GMTKUNA (Kuwait News Agency) ZAWYA20091118085928Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118082340The five-day Dubai Airshow could contribute roughly Dh250 million directly to Dubai's economy, including Dh183 million ($50 million) coming from 25,000 foreign visitors, each roughly spending at least $2,000 during the course of their stay and the cost of the exhibition space put together.Wed, 18 Nov 2009 08:51:36 GMTGulf News ZAWYA20091118082340Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118074717The main contributors to the 2.2 percent monthly increase in Egypt's inflation for October 2009 were the prices of fruits and vegetables, as well as the regulated price adjustments related to health insurance and school tuition, according to a statement released by the Central Bank of Egypt (CBE). Wed, 18 Nov 2009 08:10:01 GMTDaily News Egypt ZAWYA20091118074717Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118065037The Arab Region Parliamentarians Against Corruption (ARPAC) said here on Tuesday the 2009 Corruption Perceptions Index (CPI) issued earlier in the day by the Transparency International (TI), showed an apparent retreat in the combat against graft in 12 Arab countries.Wed, 18 Nov 2009 08:02:01 GMTKUNA (Kuwait News Agency) ZAWYA20091118065037Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118071205 The Kuwaiti National Assembly (parliament) approved, in its ordinary meeting on Tuesday, a proposal to set up a panel to review the enforcement of the Gulf Cooperation Council (GCC) single currency agreement.Wed, 18 Nov 2009 07:59:58 GMTKUNA (Kuwait News Agency) ZAWYA20091118071205Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118072741The Kuwaiti National Assembly (parliament) agreed, in its ordinary meeting on Tuesday, to postpone to December 23, 2009, the due date on which its committee on financial and economic affairs should produce a report on the issue of citizens' loans.Wed, 18 Nov 2009 07:49:39 GMTKUNA (Kuwait News Agency) ZAWYA20091118072741Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118072858 Simon Williams, chief economist at HSBC Middle East-Gulf bank, said Tuesday an early economic recovery in the oil-rich Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008.Wed, 18 Nov 2009 07:49:04 GMTKUNA (Kuwait News Agency) ZAWYA20091118072858Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118061640The 2009 Corruption Perception Index (CPI) just released by Transparency International, ranks Tunisia 65 th worldwide out of 180 countries and territories in terms of public sector transparency. Wed, 18 Nov 2009 07:30:37 GMTTunisia Online News ZAWYA20091118061640Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118063056The UAE has pumped in more than $49 billion (Dh179.8bn) in direct investment into global markets over the past four years to emerge as the largest capital exporter in the Arab region, according to official figures.Wed, 18 Nov 2009 07:26:52 GMTEmirates Business 24/7 ZAWYA20091118063056Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118032313The Sultanate and Cambodia yesterday signed a joint communiqué to establish diplomatic ties between them at the level of non-resident ambassadors.Wed, 18 Nov 2009 06:59:10 GMTOman Daily Observer ZAWYA20091118032313Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118033631Chief economist at HSBC Bank, Middle East-Gulf expected an early economic recovery during 2010 and 2011 despite the forecasts of more inflation effect and high oil prices.Wed, 18 Nov 2009 06:56:28 GMTKuwait Times ZAWYA20091118033631Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118033824The Kuwait government's stimulus package has helped the economy cushion the effects of the global economic crisis and salvaged the local banks and financial institutions from sliding into a possible bankruptcy, said Majid Al-Shatti, Chairman of the Commercial Bank of Kuwait and Chairman of Union of Kuwaiti Banks.Wed, 18 Nov 2009 06:55:47 GMTKuwait Times ZAWYA20091118033824Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118042305Business optimism levels in Qatar have steadily shown improvement for Q4 this year, according to the results of the recent study conducted by Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with Qatar Financial Centre (QFC) Authority.Wed, 18 Nov 2009 06:36:53 GMTThe Peninsula ZAWYA20091118042305Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118042735Qatar issued a law that seeks to reduce income tax on foreign companies to 10 percent from January 1, 2010 to woo more foreign investment.Wed, 18 Nov 2009 06:16:44 GMTThe Peninsula ZAWYA20091118042735Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118051740The UAE's non-oil foreign trade reached Dh789 billion in 2008, up from Dh33bn in 1984, said Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade.Wed, 18 Nov 2009 06:01:23 GMTEmirates Business 24/7 ZAWYA20091118051740Openhttp://www.zawya.com/story.cfm/sidGN_17112009_181137The Sharjah Chamber of Commerce and Industry (SCCI) has urged the country's different chambers of commerce to strengthen working relationships with local businesses to help reinforce the effort to create more investment opportunities for the UAE.Wed, 18 Nov 2009 05:51:33 GMTGulf News GN_17112009_181137Openhttp://www.zawya.com/story.cfm/sidDS181109_dsart70Figures released by the Finance Ministry indicate that gross public debt continued its increase for the third month in a row in August. The trend is a U-turn from the reductions seen in April, May and June, according to Bank Audi?s Weekly Monitor.Wed, 18 Nov 2009 05:11:54 GMTThe Daily Star DS181109_dsart70Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118041421The inflation rate in Abu Dhabi cooled to 0.98 per cent during the first ten months of the year, the government said on Tuesday. Inflation in the emirate is now at its lowest level in two decades.Wed, 18 Nov 2009 05:02:55 GMTKhaleej Times ZAWYA20091118041421Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118045011As the world economy begins to register a tentative recovery and some nations continue to wrestle with ongoing conflict and insecurity, it is clear that no region of the world is immune to the perils of corruption, according to Transparency International's 2009 Corruption Perceptions Index (CPI), a measure of domestic, public sector corruption released.Wed, 18 Nov 2009 04:51:49 GMTPress Release ZAWYA20091118045011Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118042823Sharjah's Gross Domestic Product (GDP) has risen to Dh71 billion by the end of 2008 from Dh41bn in 2005, with a recorded annual growth rate of 11 per cent over the past five years, according to Marwan Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq).Wed, 18 Nov 2009 04:40:13 GMTEmirates Business 24/7 ZAWYA20091118042823Openhttp://www.zawya.com/story.cfm/sidANA20091117T131211ZLUU24World Trade Organisation chief Pascal Lamy on Tuesday warned member states that a serious assessment of progress toward a global trade deal was needed if an accord is to be reached next year.Tue, 17 Nov 2009 13:50:14 GMTAFP ANA20091117T131211ZLUU24Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117112101The Iraqi acting minister of trade on Tuesday said that his ministry is seeking a loan to pay ration card suppliers some of their money, according to an official statement.Tue, 17 Nov 2009 12:40:47 GMTAswat Aliraq ZAWYA20091117112101Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117104627The Central Bank of Iraq's (CBI) dollar sales dropped to $144.154 million in its daily auction on Tuesday, compared to $171.340 million during the previous session.Tue, 17 Nov 2009 11:49:32 GMTAswat Aliraq ZAWYA20091117104627Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117104439The Sharjah Chamber of Commerce and Industry (SCCI) urged the country's different chambers of commerce to strengthen working relationships with local businesses to help reinforce the effort to create more investment opportunities for the UAE. Tue, 17 Nov 2009 11:49:14 GMTPress Release ZAWYA20091117104439Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117104934Trade deficit between Jordan and countries of the Greater Arab Free Trade Area (GAFTA) stood at JD966 million until the end of September , 2009 compared to JD1.988 billion in the same period of 2008, according to Department of Statistics (DoS) figures.Tue, 17 Nov 2009 11:47:34 GMTJordan News Agency - Petra ZAWYA20091117104934Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117105148 The Central Bank of Jordan (CBJ) Tuesday announced that the amount of JD100 million is the value of the new six-month T.Bills.Tue, 17 Nov 2009 11:46:54 GMTJordan News Agency - Petra ZAWYA20091117105148Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117104659The Ministry of Finance in Iraq's Kurdistan region has called on all regional ministries to submit their proposed budgets for the year 2010 during the current week, an official statement said.Tue, 17 Nov 2009 10:57:43 GMTAswat Aliraq ZAWYA20091117104659Open