Ratings agency S&P Global Ratings cut Kuwait’s rating by one notch citing the Gulf state’s lack of a funding strategy to finance its deficit.Hit hard ...
Qatar National Bank (QNB), the Gulf’s biggest lender, posted a 6 percent increase in six-month net profit, helped by strong loan growth, it said on ...
US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto ...
Dubai-based Emirates Airline has launched Emirates Pay, a new industry payment solution for purchasing flight tickets, Dubai Media Office reported on ...
Emirates Global aluminum, one of the world’s largest aluminum producers, is in talks with banks to refinance and change the terms of a loan of about ...
China summoned officials from its biggest banks to a meeting to reiterate a ban on cryptocurrency services.Representatives from Industrial and ...
Oman picked banks including Citigroup Incand HSBC Holdings Plc for its second Islamic bond offering this year.Citigroup, Gulf International Bank, HSBC ...
Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth ...
A referendum on Scottish independence would put Britain’s economic recovery from the COVID-19 pandemic at risk, British finance minister Rishi Sunak ...
Tunisia has asked the International Monetary Fund for a new financing program, an IMF letter seen by Reuters shows, and is preparing to start talks ...
Turkey’s central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdogan sacked its ...
Investments by Saudi Arabia’s wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, ratings agency S&P ...
The Turkish lira hit its weakest level against the dollar in nearly three weeks on Wednesday, remaining under pressure after the government defended a ...
Norway’s government on Friday proposed 16.3 billion Norwegian crowns ($1.9 billion) in extra fiscal spending this year to aid municipalities and ...
Tokyo stocks closed down on Monday, the first trading day of the year, after a volatile session with investors nervous as the government weighs ...
Turkey’s planned judicial reforms are of “great importance” to improve the investment environment, Finance Minister Lutfi Elvan told parliament late ...
Hospital operator NMC Health has secured a $250 million financing facility which will allow it to continue to provide healthcare, its administrators ...
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