AMEInfo:The UAE's central bank has said it is seeking to finalize a review of regulations on mortgages, banks' loan exposure and liquidity, to ensure they were put into practice quickly, Reuters has reported. "The board instructed speedy finalization of the review of all articles of the said regulations to expedite approval and ensure timely implementation thereof," it said. The central bank has imposed regulations to limit risk at UAE commercial banks three times over the past year, but has then backed off from enforcing them after complaints from the banks.
Arabian Business:Italian shipyard Sanlorenzo has said it has delivered a 40-metre aluminium superyacht to Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.
The 40Alloy model was showcased during the recent Dubai International Boat Show 2013, and has now been officially delivered to Sheikh Mohammed, also the UAE's prime minister and vice president.
Reuters.com:The European Union's top trade official said on Saturday he wants financial services to be included in negotiations on an ambitious EU-U.S. free trade pact.
BBC:Cypriot President Nicos Anastasiades has said a big bailout - which has provoked mass public anger - was needed to avoid a "disorderly bankruptcy". The 10bn-euro ($13bn; £9bn) deal agreed by the EU was "a painful but controlled management of the crisis", he said.
Gulf Business:The United Arab Emirates' central bank said on Saturday it wanted to finalize a review of regulations on mortgages, banks’ loan exposure and liquidity to make sure they were put into practice quickly. The central bank has imposed regulations to limit risk at UAE commercial banks three times over the past year, but has then backed off from enforcing them after complaints from the banks.
CNN:Eurozone finance ministers Saturday granted a $13 billion bailout package to Cyprus as it grapples with a bloated financial sector that is threatening the region's economy.
Yahoo News:Stocks are at record highs. The multi-decade bull market for bonds is likely over. But these days, even playing defense requires treading carefully. What's a cautious, long-term investor to do?
Dubib.com:Abu Dhabi: Individual confidence indicators are on the rise, according to the results of Abu Dhabi consumer confidence in economic performance index 2012.
Trade Arabia:The Bank of Sharjah, a leading bank in the UAE, has approved the distribution of 10 per cent of cash dividend to the shareholders for the financial year ended December 31, 2012.
The Guardian:George Osborne will press ahead with an austerity-first program in his budget on Wednesday, while gently loosening the Treasury's purse strings to offset the worst of planned welfare cuts and injecting funds to boost much delayed infrastructure projects.
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