Eurozone Jobless Rate Hikes
New data released by the European Union show that the unemployment rate in the eurozone hit a record high of 11.1…
Browsing Tag
financial crisis
Britain in Recession Again
Britain's economy has fallen into its second recession since the financial crisis after a shock contraction at the…
UAE’s Real Estate Transactions Increase by 5%
The Abu Dhabi Municipality announced that total real estate transactions -covering both mortgage and sales- reached…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
Mervyn King: Banks still deny their failure
The Governor of the Bank of England has launched a fresh attack on Britain’s banks, claiming that they are in…
Government pays LE4.250 bn, rest of the contractors’ dues
Engineer/ Abd El Nasser Aglan, PR manager of Egyptian Federation for Construction and Building…
New business models of banks to be blamed for financial crisis, says Doha Bank CEO
The financial meltdown is a result of new business models that banks have innovated, according to Mr. R…
Etihad Airways records its first annual profit
Etihad Airways announced today that it made its first ever profit in 2011 despite the challenges of the global…
