Let's start with red lines. Here it is, Washington’s ultimate red line, straight from the lion’s mouth. Only last week Secretary of Defense Leon Panetta said of the Iranians, “Are they trying to develop a nuclear weapon? No. But we know that they're trying to develop a nuclear capability. And that's what concerns us. And our red line to Iran is do not develop a nuclear weapon. That's a red line for us.” How strange, the way those red lines continue to retreat. Once upon a time, the red line f
Sukuk markets in Saudi Arabia have seen steady, albeit unspectacular growth, as leading blue chip names — notably Saudi Electricity Co. and SABIC (Saudi Basic Industries Corp.) —have repeatedly tapped the market and a handful of others have followed suit. The Saudi Stock Exchange Tadawul now has secondary trading platform for sukuk with a total eight of listed issuances at present.
The euro pared losses against the dollar and yen while European shares were little changed on the first trading day of 2012 as the region’s crisis enters a new year. Emerging-market stocks fell, snapping two days of gains.
Gold Arab Emirate (GOLD AE) DMCC has announced that they had over $500m total trade volume in 2011, mainly from Dubai, Turkey, Kuwait and Switzerland branches. Dubai, in particular, has generated substantial trade volume driven by the continuing surge in local demand, as local imports have reached up to 3 tonnes of gold each year, reaffirming the emirate's growing status as the 'City of Gold'. Further underlining the rise in Dubai's gold consumption, official statistics from the Dubai Multi Comm