News Centre

Eurogroup Extraordinary Meeting In Brussels - Eurogrup Agrees A Package Of 110,000 Million Euro For Greece

Date 02/05/2010

The Spanish Minister of Economy and Finance, Elena Salgado (l), talking to the European Commissioner for Economic and Monetary Affairs, Olli Rehn (r), before the meeting of Finance Ministers. EFE

Statement By The Eurogroup - Greece

Date 02/05/2010

Eurogroup Ministers concur with the Commission and the ECB that market access for Greece is not sufficient and that providing a loan is warranted to safeguard financial stability in the euro area as a whole. Following a request by the Greek authorities, euro area Ministers unanimously agreed today to activate stability support to Greece via bilateral loans centrally pooled by the European Commission under the conditions set out in their statement of 11 April. Parliamentary approval, needed i

Statement By President Van Rompuy Following The Eurogroup Agreement On Greece

Date 02/05/2010

"I welcome the agreement reached by the finance ministers of the Eurogroup on the adjustment programme that was negotiated by the Commission, the ECB and the IMF with the Greek government, as well as on the financial support to Greece that will be necessary to ensure the financial stability of the Euro area.

Meeting Of Greek Cabinet - Prime Minister’s Speech

Date 02/05/2010

Ladies and Gentlemen, I have convened this Cabinet today to an historic meeting. All the citizens of Greece feel the crucial nature of these moments and the burden of historical responsibility. Avoiding ban

Joint Statement On Greece By EU Commissioner Olli Rehn And IMF Managing Director Dominique Strauss-Kahn

Date 02/05/2010

Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece today: "We strongly support the economic program announced today by the Government of Greece. The steps being taken, while difficult, are necessary to restore confidence in the Greek economy and to secure a better future for the Greek people. The program is unprecedented in the scope of the national

Dubai Financial Market: Announces The Results Of Its BOD Meeting Held On 01/05/2010

Date 02/05/2010

Click here to download the results of Dubai Financial Market's BOD meeting held on 01/05/2010.

DFM Company Records AED 53.6 Million Net Profits In Q1-2010 - The New Board Elects Abduljalil Yousef Chairman, Rashid Al Shamsi Vice Chairman And Essa Kazim Managing Director And CEO Of The Company

Date 02/05/2010

Dubai Financial Market Company (PJSC) announced today its preliminary financial results for the first quarter of the year ending March 31st 2010, recording a net profit of AED 53.6 million, with 8% decline compared to AED 58.5 million in the corresponding period of 2009.

Prime Minister Of Greece George Papandreou Speech At The Meeting Of Cabinet

Date 02/05/2010

Prime Minister George Papandreou addressed a special meeting of his cabinet this morning to discuss the new budget-reduction measures proposed by the Government and the approval of the IMF and EU joint loan mechanism. Here are some selected excerpts from his opening address:

IMF Reaches Staff-level Agreement With Greece On €30 Billion Stand-By Arrangement

Date 02/05/2010

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF) issued the following statement today on Greece: “The Greek government has designed an ambitious policy package to address the economic crisis facing the nation. It is a multi-year program which begins with substantial up-front efforts to correct Greece's grave fiscal imbalances, make the economy more competitive and—over time—restore growth and jobs. W

Statement Of President Barroso On Greece

Date 02/05/2010

I welcome the agreement in Athens with the Greek authorities of a multi-annual programme of fiscal consolidation and structural reform, jointly prepared by the European Commission together with the European Central Bank and the International Monetary Fund.