MUSCAT Oman, located strategically on the opposite side of the Strait of Hormuz from Iran, said the risk of military conflict between Tehran and the West was rising but there was still plenty of opportunity to negotiate peace.
DUBAI, March 15 Major money exchange houses in the United Arab Emirates have stopped handling Iranian rials over the last several weeks, executives at the houses said, further reducing Iran's ability to trade and obtain hard currency.
ABU DHABI Former European central banker and chairman-designate of Swiss bank UBS Axel Weber said that he saw the problems facing European banks as the toughest unresolved part of the euro zone debt crisis, with much-needed capital hard to come by.
ABU DHABI, March 1 Former European central banker and chairman-designate of Swiss bank UBS Axel Weber said that he saw the problems facing European banks as the toughest unresolved part of the euro zone debt crisis, with much-needed capital hard to come by.
DUBAI The U.S. government has forced Dubai-based Noor Islamic Bank to stop channeling billions of dollars from Iranian oil sales through its accounts, part of Western measures to curb Tehran's disputed nuclear program.
ABU DHABI Former U.S. Federal Reserve chairman Paul Volcker, who lent his name to historic restrictions on banks' financial market trading, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.
ABU DHABI, Feb 29 Former U.S. Federal Reserve chairman Paul Volcker, who lent his name to historic restrictions on banks' financial market trading, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.
DUBAI The Maldives' new leader said a presidential election could be held before the scheduled date of October 2013 provided conditions were right for a free and peaceful poll, after his predecessor quit last week amid a dramatic police mutiny.
DUBAI The Maldives' new leader said a presidential election could be held before the scheduled date of October 2013 provided conditions were right for a free and peaceful poll, after his predecessor quit last week amid a dramatic police mutiny.
DUBAI The Maldives' new leader said a presidential election could be held before the scheduled date of October 2013 provided conditions were right for a free and peaceful poll, after his predecessor quit last week amid a dramatic police mutiny.
Parties committed to strengthening the European Union held on to two-thirds of seats in the EU parliament, official projections from the bloc's elections showed on Sunday, though far-right and nationalist opponents saw strong gains.