Cracks are starting to show in the U.A.E. banking sector as a property and retail slump take a toll on lenders. While one of the country's smallest banks is being bailed out,…
Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed.…
Egypt allowed its currency to float freely in a bid to stabilize the nation's economy and move towards securing a $12 billion loan from the International Monetary Fund.…