Markets

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...

Markets Marcus Robinson -

Saudi Fund for Development signs first loan agreement with Dominica

Saudi Fund for Development (SFD) formalised its first development loan agreement with the Commonwealth of...

Finance Victoria Winston -

How Abu Dhabi’s investment legacy is fostering economic development

Abu Dhabi and the UAE have long been recognised as important investors in the...

Banking Aditya Dave -

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The UAE government has unveiled its ‘Invest in the Emirates’ campaign, fronted by Hollywood...

News Shreya Rajput -

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost...

Forex Sameer Shah -

Latest

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court

Tom Hayes, the first trader jailed worldwide for interest rate rigging, was on Tuesday refused permission to appeal against his conviction at the United...

Second global AI summit secures safety commitments from companies

Sixteen companies at the forefront of developing Artificial Intelligence pledged on Tuesday at a global meeting to develop the technology safely at a time...

FDIC chair Gruenberg says he will step down once successor is announced

U.S. Federal Deposit Insurance Corp Chair Martin Gruenberg said on Monday he planned to step down, finally succumbing to a months-long scandal over sexual...

Most Gulf bourses muted in early trade; Fed minutes eyed

Most stock markets in the Gulf were subdued in early trading on Wednesday amid falling oil prices, with investors awaiting minutes of the U.S....

UK borrowing rises in April, making pre-election tax cuts harder for Sunak

British public sector borrowing exceeded expectations in April, underscoring the challenge for Prime Minister Rishi Sunak and finance minister Jeremy Hunt who say they...

Emerging market credit ratings are finally looking up again

From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long...

Citigroup urges dismissal of ex-managing director’s whistleblower lawsuit

Citigroup (C.N), opens new tab urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for her...

UK inflation pressure stays hot, dashing hopes for June rate cut

Inflation in Britain eased less than expected and a key core measure of prices barely dropped, prompting investors to pull bets on a Bank...

More finance, policy ambition demanded at London climate week

The world's climate goal is hanging by a thread and countries need to dig deeper to provide the finance and set the policies needed...

NYCB expects reverse stock split to take effect next month

New York Community Bancorp's (NYCB.N), opens new tab one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday. The bank's shares are...

Rivian says lower-cost second generation EVs to help in push for profitability

Rivian (RIVN.O), opens new tab will be able to slash a fifth of its material costs from electric SUVs and pickups by the end of 2024,...

Mexico’s president-elect picks close ally for energy minister

Mexican President-elect Claudia Sheinbaum named close ally and former Mexico City finance chief Luz Elena Gonzalez as incoming energy minister, tasking her with revitalizing...

Saudi developer Dar Global eyes $300 million investment in US expansion

Saudi property developer Dar Global (DARD.L), opens new tab plans to invest $300 million in New York, Miami and Los Angeles in the coming months as...

US pending home sales fall in May

Contracts to buy U.S. previously owned homes unexpectedly fell in May, indicating sales could remain subdued for a while as potential buyers grapple with...

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