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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

South Korea’s public finances no longer a credit rating ‘strength’, Fitch says

South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts to...

Alphabet, Microsoft earnings show hefty AI bets are driving growth

Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that...

Stranded cargo shows credit challenges at Nigeria’s Dangote refinery

Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria's giant new refinery for nearly a month...

Vietnam delays launch of new stock trading system

Vietnam will delay the launch of the much-expected new stock trading system initially slated for next week, its State Securities Commission (SSC) said. The debut,...

Airport operator ADP Q1 revenue boosted by post-pandemic travel boom

reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed more cash on food and...

Climate groups picket Swiss National Bank’s shareholder meeting over its investments

Climate campaigners picketed the Swiss National Bank's shareholders meeting on Friday to protest against the central bank's investments in companies they say damage the...

US regulator pauses plans to scrutinize asset manager stakes in banks

A top U.S. bank regulator on Thursday shelved a vote to impose stricter oversight on asset managers like BlackRock (BLK.N), opens new tab and Vanguard that...

EU should revisit bank and insurer capital rules, Macron says

French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they...

Sweden should hike military budget to 2.6% of GDP, defence committee says

Sweden should raise its military spending to around 2.6% of GDP by 2030, a parliamentary committee said in a report on Friday, as the...

Grant Thornton’s Hisham Farouk on trade, sustainable finance and ESG

Grant Thornton is one of the world’s leading independent assurance, tax and advisory firms. The firm operates in 149 markets, including the UAE, and...

Spain’s Bankinter takes on Irish banks with deposit move

Bankinter (BKT.MC), opens new tab said on Friday it was applying for a full Irish banking licence and entering the deposit market as part of the...

US election 2024: Who are the mega-rich donors backing Trump?

A handful of mega-rich donors have emerged as key backers of Republican presidential candidate Donald Trump, collectively donating more than $50 million to support his...

Indian cenbank issues draft guidelines for web aggregators of loan products

India's central bank on Friday released draft guidelines for a regulatory framework for the aggregation of loan products by lending service providers (LSP) to...

India cenbank lays out roadmap for small lenders to achieve universal bank status

India's central bank on Friday released, opens new tab a set of criteria that small lenders need to achieve, including performance metrics and market listing, to...

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