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A Bahraini court granted bail on Sunday to leading activist Nabeel Rajab, who is charged with insulting authorities in the Gulf Arab state, but he is still being held pending trial for a different case, his lawyer said.

The United Arab Emirates will settle up to 5 million dirhams ($1.36 million) of defaulted loans for each indebted Emirati, state news agency WAM said on Sunday, in the second such move by the government this year.

Helped by billions of dollars of donor cash, Ivory Coast’s President Alassane Ouattara wants to shore up peace with a dash for economic growth, like the ‘Ivorian miracle’ which turned the country into a regional powerhouse after independence in the…

XE hourly rates at 2012-05-20 14:00 UTC

The United Arab Emirates will settle defaulted loans owed by its citizens, up to 5 million dirhams ($1.36 million) each, state news agency WAM said on Sunday, in the second such move by the government this year.

Italian jewellers are fusing the latest laser technology with traditional lace-making techniques in their efforts to ride out the economic downturn and keep up with growing competition from low-cost rivals in China and India.

Refinancing the debts of the United Arab Emirates’ government-related entities (GREs) remains a challenge made more difficult as European banks trim their activities in the region, the International Monetary Fund said on Sunday.

XE hourly rates at 2012-05-20 13:00 UTC

Kuwait’s National Industries Group Holding (NIG) said on Sunday it has appointed banks to raise more than 100 million dinars ($358 million) in a shariah-complaint syndicated loan.