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Ameriabank posts AMD 2.9 billion net profit growth in 1st halfyear of 2014

Ameriabank posts AMD 2.9 billion net profit growth in 1st halfyear of 2014

July 22, 2014 - 19:03 AMT  15:03 GMT
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
Saudi stock market to open up to foreign investors for first time

Saudi stock market to open up to foreign investors for first time

July 22, 2014 - 17:14 AMT  13:14 GMT
The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early trading.
Oil rises amid concerns over situation in Gaza, Ukraine

Oil rises amid concerns over situation in Gaza, Ukraine

July 22, 2014 - 16:55 AMT  12:55 GMT
Brent crude for September delivery, a benchmark for international oils, gained 3 cents to $107.71 on the ICE exchange in London.
Iran plans to export natural gas to Europe: deputy minister

Iran plans to export natural gas to Europe: deputy minister

July 22, 2014 - 16:06 AMT  12:06 GMT
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
IMF chief warns low inflation could undermine eurozone growth prospects

IMF chief warns low inflation could undermine eurozone growth prospects

July 19, 2014 - 15:25 AMT  11:25 GMT
"Obstinately low inflation can seriously undermine growth," Christine Lagarde warned in a speech in Paris.
IMF to decide on bailout second tranche to Ukraine ‘within weeks’

IMF to decide on bailout second tranche to Ukraine ‘within weeks’

July 18, 2014 - 16:28 AMT  12:28 GMT
Ukraine's economy stagnated in 2013. Economists have said its economy will slide deeper into recession this year.
China economy picks up speed in April-to-June quarter

China economy picks up speed in April-to-June quarter

July 16, 2014 - 15:58 AMT  11:58 GMT
Data released over the past few weeks has indicated the moves have started to have a positive effect on growth.
WB provides $11.9bn to Europe, Central Asia in fiscal year 2014

WB provides $11.9bn to Europe, Central Asia in fiscal year 2014

July 16, 2014 - 13:53 AMT  09:53 GMT
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
Citigroup to pay $7bn to settle risky sub-prime mortgages case

Citigroup to pay $7bn to settle risky sub-prime mortgages case

July 14, 2014 - 18:37 AMT  14:37 GMT
The Citigroup fines are said to have surprised stock analysts and people inside the bank, who had hoped to settle for less.
Airbus launches updated versions of A330 wide body aircraft

Airbus launches updated versions of A330 wide body aircraft

July 14, 2014 - 17:47 AMT  13:47 GMT
The new designs for the A330-800neo and the A330-900neo will reduce fuel consumption by 14 percent per seat.
Nairit chemical plant employees stage rally, promised solution

Nairit chemical plant employees stage rally, promised solution

July 10, 2014 - 18:55 AMT  14:55 GMT
The protesters were demanding to be played their wages for 18 months, also expressing concern over the plant’s future.
French financier appointed scandal-ridden Vatican bank President

French financier appointed scandal-ridden Vatican bank President

July 10, 2014 - 12:09 AMT  08:09 GMT
Since May 2013 the bank has been under investigation, with outside experts screening all existing customer records.
France slams dollar monopoly, calls to rebalance currencies

France slams dollar monopoly, calls to rebalance currencies

July 8, 2014 - 19:01 AMT  15:01 GMT
Heavy-handed sanctions from the U.S. and Europe have forced countries to also look towards other currency options.
12 airlines to discuss entry to Armenian market with NCFA

12 airlines to discuss entry to Armenian market with NCFA

July 7, 2014 - 18:57 AMT  14:57 GMT
The National Competitiveness Foundation of Armenia will hold talks on the sidelines of Routes Silk Road 2014 forum in Tbilisi.
Armenian Nuclear Power Plant to suspend operations for 45 days

Armenian Nuclear Power Plant to suspend operations for 45 days

July 5, 2014 - 18:07 AMT  14:07 GMT
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
Armenia gets $150 mln EurAsEC loan for North-South corridor construction

Armenia gets $150 mln EurAsEC loan for North-South corridor construction

July 3, 2014 - 18:43 AMT  14:43 GMT
Construction of the corridor is also being financed by the Asian Development Bank that has provided Armenia with a $500 mln loan.
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