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Middle East, Financial Timeline Tuesday, May 8 Bookmark and Share     Author
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  Cyprus 'scraps bank levy' - new plan  Political leaders in Cyprus appear to have dropped an unpopular levy on bank deposits in a new bailout plan   Cyprus 'to present new bailout plan'  The president of Cyprus will later present political leaders with a 'Plan B' for funding the controversial bailout, state TV has reported   Cyprus MPs reject divisive bank tax  Cyprus' parliament has rejected a controversial levy on bank deposits, proposed as part of an EU-IMF 10bn-euro bailout package Cyprus may drop tax for small savers  The Cyprus finance ministry suggests savers holding less than 20,000 euros would be exempt from a bank levy which has caused much alarm   Shock in Cyprus over bailout levy  People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as part of a 10bn-euro bailout agreed in Brussels Iran clashes over currency crisis   Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial   'Enemies caused Iran rial's fall'  Iranian President Mahmoud Ahmadinejad has blamed the 'enemies' of his country for the sharp falls in its currency, the rial   Iran cut off from global commerce   Swift, the body that handles global banking transactions, says it will cut Iran's banks out of the system on Saturday to enforce sanctions New finance team planned after protests  PM Netanyahu announced details about a new financial team, a day after more than a quarter of a million demonstrators took to the streets   IMF lends struggling Egypt $3 billion  The International Monetary Fund has tentatively agreed to lend $3 billion to Egypt to support the country's economy for the next year   Egypt ups pay as protests go on
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Cyprus Business (17)   Cyprus Financial (16)   World Financial (254)   Cyprus Politics (35)   Arab Spring (490)
Cyprus MPs pass banking reforms
  Islamic State: Up to $800m of funds 'destroyed by strikes'  Up to $800m (550m) in cash held by so-called Islamic State (IS) has been destroyed in air strikes, a US military official says Cyprus to ease citizenship rules  Cyprus is to relax its citizenship rules for foreign investors who lost at least 3m euros under an EU bailout deal Tough Bank of Cyprus terms detailed  Bank of Cyprus depositors with more than 100,000 euros could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move Cyprus eases some bank restrictions  The Central Bank of Cyprus has eased some of the restrictions imposed as the nation's banks reopened, following an international bailout dea...   Cyprus cash curbs 'may last a month'  Restrictions on cash withdrawals, money transfers and the movement of cash in and out of Cyprus could remain in place for a month Cyprus banks reopen with tough curbs  Banks have reopened after a two-week closure amid EU-IMF bailout talks, with orderly queues for cash and strict limits on daily withdrawals Cyprus banks closed until Thursday

year 2016 Top ^

Apr.26   Mosul

year 2013 Top ^

Apr.14   Cyprus
Mar.30   Cyprus
Mar.29   Cyprus
Mar.28   Cyprus
Mar.25   Cyprus
  Temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal
Mar.22   Cyprus
  MPs in Cyprus have voted to restructure the island's banks - one of several measures to ease a financial crisis, which has hit eurozone confidence

Mar.21   Cyprus
Mar.20   Cyprus
Mar.19   Cyprus
Mar.16   Cyprus

year 2012 Top ^

Oct.3   Tehran
Oct.2   Iran
Mar.15   Iran

year 2011 Top ^

Aug.7   Jerusalem
Jun.5   Egypt
Feb.7   Egypt
  Egypt is increasing pay and pensions for public-sector workers by 15% as protesters defy attempts to return the country to normality

year 2010 Top ^

Aug.25   Oman Oman to invest $20B in rugged beauty

year 2009 Top ^

Dec.13   Abu Dhabi Abu Dhabi gives Dubai $10bn to pay debts
  Dubai's government has been given a handout from United Arab Emirates neighbour Abu Dhabi to help it pay off its debts Nov.27   Dubai Dubai debt woes 'a drama, but no crisis'
  Market experts say the debt revelations will not lead the global economy back into recession, but have seriously damaged the Emirate's standing

year 2008 Top ^

Jul.6   Dubai UAE to cancel all of Iraq's $7B debt
  Dubai has forgiven the nearly $7 billion Baghdad owes it, Iraqi Prime Minister al-Maliki announced
Apr.30   Iran Iran dumps U.S. dollar for oil trades  Iran has stopped conducting oil transactions in U.S. dollars in a concerted attempt to reduce reliance on Washington

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