British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.
Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the GCC region, which comprises...
National Bonds see 14% savings hike outside UAE
National Bonds Corp has seen a 14 percent increase in the number of foreigners investing in its Islamic savings scheme and may look to expand its presence outside of the UAE in future. The...
UBS shakes up flagship wealth business with new unit, memo says
UBS (UBSG.S), opens new tab is shaking up its wealth-management arm, the bank's flagship business, to boost its offerings to ultra-rich clients, the division's new co-leaders said in their first internal memo sent on Thursday...
UAE, Australia reach trade deal to boost exports, investment
The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and...
Netanyahu’s ultra-Orthodox coalition partners back Gaza hostage deal
Israeli Prime Minister Benjamin Netanyahu's biggest coalition partner said on Tuesday it would support a prospective deal to free hostages from Hamas captivity even if it entails an overhaul of Israel's Gaza war strategy.
The statement...
Foreign investment in UK finance sector halves in 2023, says City of London
Foreign investment in Britain's financial and professional services halved to one billion pounds ($1.25 billion) in 2023, the City of London said on Tuesday, though the UK remains a top global destination.
The sector...
Polish finance ministry expects to exceed debt limits in 2026 and 2027
Poland's general government debt is forecast to rise to 60.6% of gross domestic product (GDP) in 2026 and to 63.2% in 2027, according to the finance ministry in a report published on Monday, exceeding a constitutional limit of 60%.
Prime Minister Donald Tusk's government said in a white paper on the state of public finances in 2016-2023 that the previous ruling party's policies have muddled public finances and put the country at risk of exceeding debt limits.
"In recent years, taxes have increased markedly, the rationality of spending funds has decreased, and the public debt according to the European Union methodology found itself on track to exceed the 60% of Gross...
British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government...
In the Market: In Asia, people ask, how do I derisk from America?
A European private wealth manager in Hong Kong told me last week he recently...
Al Hilal launch Middle East’s first drive-through bank
Al Hilal Bank has launched its Money Station branch in Dubai, introducing the Middle East’s first-ever drive-thru teller system that allows customers to carry out their transactions within the comfort of their own...
Top Stories
UAE, Australia reach trade deal to boost exports, investment
The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green...
Russia threatens West with severe response if its assets are touched
Russian officials threatened the West on Sunday with a "severe" response in the event that frozen Russian assets are confiscated,...
Billionaires’ wisdom: 10 inspiring quotes from the world’s richest men
The world’s richest billionaires come from varied backgrounds, industries,...
Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs
Saudi Arabia’s economy contracted by 0.3 per cent in...
AD Ports Group refinances $2.25bn debt, cuts borrowing costs
AD Ports Group has refinanced a $2.25bn syndicated loan,...
Lebanon, UAE and Saudi Arabia dominate list of influential Arabs
Lebanon has contributed the most names to the 2012...
Canada’s RBC, CIBC post bigger-than-expected profits on capital markets strength
Royal Bank of Canada (RBC) (RY.TO), opens new tab said on Thursday the investment banking environment looked promising after the country's biggest bank surpassed profit expectations,...
Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco (2222.SE), opens new tab that could raise as much...
Is the U.S. technology sector ripe for a spin cycle?
Big tech companies currently have several good reasons to spin off portions of their businesses into standalone public entities. Unlocking hidden shareholder value, reducing...
IBA president Kremlev defends divisive prize money scheme despite IOC pushback
The International Boxing Association's (IBA) plans to offer prize money to medallists at the Paris Games could widen the rift in the governance of amateur boxing...
EU agrees to quit energy investment treaty over climate concerns
European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts...
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