IMF on Russian Economy
The International Monetary Fund is reported to have said that economic situation in Russia continues to improve and the short-term outlook is favorable.

Dawn 30-06-04

UAE Banks
The Central Bank of UAE has announced that total assets of the country’s 46 banks had posted a growth of 2.9 percent in the first quarter of this year.

Business Recorder 30-06-04

Russian Oil Giant
Russian Oil Giant, Lukoil, has sold its 80 percent stake in the Russian industrial bank Petrocommerce for US$ 200 million. The financial group IFD Kapital is reported to have acquired the stake.

Dawn 30-06-04