Monthly Archives: May 2012

BFX Futures market trading turnover reaches $3.68b

  The cumulative (single-side) trading turnover on the BFX Futures market increased to $3.68 billion with a trading volume of 77,076 contracts during the first six months since its launch on the 23rd of November 2011. The Bahrain Financial Exchange ( BFX ), the first multi-asset international financial exchange in the Middle East and North…

China becomes the latest and major link in the UAE Exchange global network

  “Great news for all Chinese expatriates and travellers to China”, said Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, on the occasion of UAE Exchange launching its retail operations in China. “Now they can join millions of our happy customers to experience our foreign exchange services. They can enjoy the same…

10 countries account for two thirds of Jordan’s import in 3 months

  Amman – Ten countries accounted for two thirds or 64.6 percent of Jordan’s total imports in the first three months of 2012. The value of imports from the 10 countries stood at JD436 million out of the total imports of Jordan that reached 3.766 billion at the end of March this year. Saudi Arabia…

Wall Street sharply cuts losses

NEW YORK | Thu May 31, 2012 12:54pm EDT NEW YORK (Reuters) – Stocks sharply pared losses on Thursday as traders cited a Dow Jones report that the IMF is considering providing a loan to Spain if the country is unable to bail out troubled bank Bankia. The Dow Jones industrial average .DJI dipped 1.10…

Rebels give Syria govt Friday deadline to halt violence

  BEIRUT, – Armed rebels have given the Damascus regime until noon (0900 GMT) Friday to stick to Kofi Annan’s peace plan to end violence in Syria, warning they themselves will quit the truce unless the ultimatum is met. “If the Syrian regime does not meet the deadline by Friday midday, the command of the…

Time to arm Syrian opposition: US senators

  KUALA LUMPUR,- Senior US senators John McCain and Joe Lieberman said Thursday it was time to arm Syria’s opposition as they expressed disgust over a massacre last week blamed on government forces. “It’s time to act. It’s time to give the Syrian opposition the weapons in order to defend themselves. It’s not a fair…