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finance
208 Results-
New UK finance minister to promise to control inflation
New UK Finance Minister Nadhim Zahawi on Tuesday will outline his plans to control inflation and “seize the opportunities of Brexit”, despite fears ... World News -
New app initiative to give ten-year-olds online banking access in the UAE
Children as young as ten will be able to earn, save and invest their money through their own bank account, under a new initiative by UAE digital ... Banking & Finance -
Saudi consumers expected to spend more on online shopping in 2022
Since Saudi Arabia’s Vision 2030 plan was launched back in 2016, the Kingdom’s economy has continued to embrace modernization and diversification, ... Economy -
Bahrain expected to get additional financing from Gulf allies: Moody’s
Ratings agency Moody’s said on Tuesday it expects Bahrain to receive additional financing from its Gulf allies.The heavily indebted Gulf state was ... Economy -
Lebanon’s finance minister signs new forensic audit contract
Lebanon’s finance minister Youssef Khalil on Friday signed a new contract with restructuring consultancy Alvarez and Marsal (A&M) to carry out a ... Middle East -
AstraZeneca expects growth in Q4, even without COVID-19 vaccine
AstraZeneca expects profit growth to pick up this year after the COVID-19 vaccine developer beat forecasts for quarterly drug sales, with demand for ... Business -
European economists publish letter urging debt cancellation
More than 100 economists called Friday on the ECB to give a 2.5-trillion-euro ($3.0-trillion) boost the economic recovery of the single currency zone ... Economy -
Turkey annual inflation rate climbs to 15 percent
Turkey’s annual inflation rate climbed more than expected to 14.97 percent last month, data showed on Wednesday, driven by energy and food prices and ... Economy -
India unveils budget amid COVID-19 slump, considers doubling healthcare spending
Unveiling an annual budget on Monday aimed at reviving an economy that plunged into deepest recorded slump amid the coronavirus pandemic, Finance ... Coronavirus -
COVID-19 vaccines to trigger 5.5 pct growth in global economy in 2021: IMF
The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday.After sinking ... Coronavirus -
China ex-banker sentenced to death for bribery, bigamy
The former chairman of one of China’s largest state-controlled asset management firms was sentenced to death Tuesday for soliciting $260 million in ... Business -
Dubai index leads gains in major stock markets in GCC
Major stock markets in the Gulf rose early on Sunday amid firmer oil prices as investors focused on the rollout of COVID-19 vaccines, with the Dubai ... Financial Markets -
US dollar falls, euro and pound strengthen
The dollar fell to its lowest in more than two years against the British pound and euro on Thursday after the Federal Reserve stuck to its current ... Economy -
Turkish Finance Minister Albayrak resigns following 30 percent slide in Turkish Lira
Turkish Finance Minister Berat Albayrak said on Sunday he was resigning for health reasons, the second surprise departure of a top economic ... Middle East -
Kuwait finance minister warns state running out of money, salaries under threat
Kuwait’s government is running out of money and will struggle to pay the salaries of its civil servants in November, Finance Minister Barrak ... Gulf -
Coronavirus: Five tips to help you figure out your finances
As coronavirus lockdowns restricts activities and continues to leave a devastating mark on the economy, many are uncertain about their finances as ... Coronavirus -
Saudi Arabia kicks off three-part dollar bond offering
Saudi Arabia started the sale of a three-part dollar bond as the Kingdom seeks to take advantage of lower borrowing costs, according to people with ... Economy -
Lebanon’s 2019 deficit much bigger than expected: Finance Minister
Lebanon’s 2019 budget deficit will be much bigger than expected owing to a “very concerning” decrease in state revenues, caretaker ... Economy -
Lebanon’s Ministry of Finance denies report website was hacked
The Lebanese Ministry of Finance denied reports on Friday that its website was hacked by the international hacktivist group Anonymous. Rumors began ... Middle East -
Mexico’s new finance minister does not see impending recession
Mexico’s new Finance Minister Arturo Herrera said on Tuesday that he does not see an impending recession, despite a contraction in Latin ... Economy -
China & Gulf expansion to boost Trade Bank of Iraq’s revenues, says chairman
State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international ... Economy -
Bitcoin’s losses grow, recoils 30 percent from 2019 highs
Bitcoin skidded as much as nine percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original ... Technology -
Saudi Arabia posts $7.41 bln budget surplus in Q1, says finance minister
Saudi Arabia had a budget surplus of 27.8 billion riyals ($7.41 billion) in the first quarter of this year, its finance minister Mohammed al-Jadaan ... Economy -
Saudi Arabia sells 1.285 billion riyals sukuk in monthly issue
Saudi Arabia's Finance Ministry has issued 1.285 billion riyals ($343 million) of domestic Islamic bonds in a tap of a sukuk issue that was originally ... Financial Markets -
Aramco, Saudi Information Technology Company to form venture in tech sector
Saudi Aramco and the Saudi Information Technology Company signed an agreement to set up a joint venture firm that will develop a platform to invest in ... Technology -
Personal financial options for anticipated global economic slowdown
Lean in ... the next Federal Reserve (Fed) meeting on December 19 can potentially affect your bank account - and you should take notice. If you are ... Middle East -
Report: Companies shying away from business with some Qatari banks
More questions over UAE banks that have Qatari shareholders were raised recently, Reuters has reported. Companies and financial entities have shied ... Economy -
Another financial crash is coming, haven’t we learned from 2008?
September 15, 2008, was not the beginning of the greatest financial crisis since 1929, nor did it result in a total economic slide. When the US ... Blogs -
Saudi Arabia denies reports alleging charges on expat remittances as baseless
Saudi Arabia’s Ministry of Finance has issued a statement dismissing reports alleging imposition of charges on expatriates' remittances as ... Economy -
US stocks mark longest ‘bull market’ ever after mixed session
US stocks graduated into the longest-ever “bull market” Wednesday after a mixed session as investors weighed optimism over trade talks ... Financial Markets