| Cyprus banks resume normal trading hours | | Banks in Cyprus resumed normal trading hours on Friday after a near two-week lockdown and a day that averted a feared run on deposits following an EU-led bailout to rescue the island from bankruptcy. | | Qtel set to change brand to Ooredoo | | DUBAI — Qatar Telecom, or Qtel, will change its brand name to Ooredoo, which means “I want” in Arabic, bringing its operations across the Middle East, Africa and Asia under a single name over the next two years. | | Bank of England says UK economic recovery in sight | | The Bank of England forecast on Wednesday that the British economy would experience a “slow but sustained” recovery, but also forecast that 12-month inflation would top 3.0 percent in the summer months. | | ECB presses for Cyprus aid deal | | A top European Central Bank official is pressing for an agreement soon on a rescue package for Cyprus — a prospect viewed with little enthusiasm in Germany. | | Germany passes laws to shore up banking system | | The German cabinet approved Wednesday a raft of tougher new banking rules to shore up the financial sector against future crises and make banks and insurers shoulder more of the responsibility should they go bust. | | Germany gets tough on risky banking | | The German government unveiled Wednesday tougher new banking rules which it hopes will help prevent financial crises in the future and make the banks themselves bear more of the responsibility. | | Egypt foreign reserves drop in Jan by $1.4 bn | | Egypt’s foreign reserves fell by almost 10 percent to $13.6 billion in January, the Central Bank of Egypt said in a statement on Tuesday published by the official MENA news agency. | |
