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Business » Finance



Finance

Wolfowitz under fire at World Bank Anti-poverty campaigners have accused Wolfowitz of neglecting the World Bank's traditional focus of activity in boosting education and health care.



Bundesbank to book 4 billion euro profit The German central bank made around four billion euros in profits last year.



Japan's Nikko Cordial avoids share delisting Japan's Nikko Cordial narrowly escaped being delisted from Tokyo Stock Exchange after a surprise decision which could complicate Citigroup's attempt to take over the scandal-hit securities firm.



State auditors say Lone Star bank buy improper South Korean state auditors said that US buyout fund Lone Star was not a qualified candidate when it acquired the then struggling Korea Exchange Bank in 2003.



Dollar sags after pre-weekend rally The euro rose to 1.3175 dollars in European trading, from 1.3112 dollars late in New York on Friday.



European stock markets climb on takeover news European stock markets rose on Monday, lit up by merger and acquisition news after a bright performance in Tokyo and Hong Kong.



Euro rises against dollar as doubts continue over US economy The euro rose to 1.3179 dollars in late European trading, from 1.3112 dollars late in New York on Friday.



UAE's Air Arabia to launch 698-million-dollar IPO Over a 10-day period, investors will be able to acquire shares with a total value of 2.566 billion dirhams (698 million dollars) which will later be listed on the Dubai financial market.



Air Arabia’s AED 2.5 billion IPO opens on March 18 Upon completion of the IPO, Air Arabia shares will be listed on the Dubai Financial Market.



Emirates Islamic Bank takes part in UAE Career Fair 2007 The event is considered a great platform that brings together key industry decision-makers from different sectors, with budding national talents who are seeking promising career opportunities.



Visa holds Annual Fraud Forum in Jordan Visa International’s member banks, local security forces, and other card issuers were all invited by Visa International to attend the event.