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Saturday, 21 November 2009 16:31 UAE time

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US Federal Reserve

Main Category: Government (Federal)
Country : USA
Website: www.federalreserve.gov/


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Kuwait may cut key interest rates - paper

Gulf country's central bank eyes 0.25-0.50% benchmark rate cut, daily reports.

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Banks hoard Fed cuts

Regional mortgage lenders are refusing to pass falling US interest rates on to customers in the emirates.

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Saudi follows US lead and cuts rates

Reverse repurchase rate cut, but benchmark lending rate steady and reserve requirement raised.

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Qatar cuts rates in line with Fed

Qatar becomes fourth Gulf state with dollar peg to match last week's US rate cut in face of rising inflation.

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GCC urged to tackle inflation head on

Market uncertainty needs to be addressed one way or the other, Middle East IPO summit hears.

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Islamic risk

Islamic banks face the same risks as conventional lenders, as well as some unique to Islamic finance.

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Greenspan on the greenback

Alan Greenspan, the longest serving US Federal Reserve chairman, delivers his verdict on the likelihood of US recession, the future of the dollar pegs and the threats facing the rise of sovereign wealth funds. Tamara Walid reports.

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What would Greenspan do?

The former head of the US Federal Reserve has put pressure on GCC Central Banks to ditch their pegs to the dollar.

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Bankers were warned of subprime risk - Greenspan

Former Fed chairman expressed concerns in 2004, but claims demand too strong.

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Gulf to follow US rate cut despite inflation

Gulf central banks poised to cut interest rates after US slashes its by 75 basis points, analysts say.

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Currency confusion hits GCC states

Revaluation or switch to currency basket both possible.

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Gulf likely to cut rates, pressure on currencies mounts

Gulf Arab states to follow any interest rate cut by US, economist predicts.

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Gulf investors might flee from US assets

Declining dollar could come under further pressure if Gulf states revalue their currencies and remove pegs.

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Saudi riyal surges to 21-year high

Frenzied speculators buying up Saudi riyals as currency strains at upper limit of dollar peg.

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READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

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