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Results for

finance

218 Results
  • Repatriation of gold reserves on the rise amid rising geopolitical tensions: Study

    Repatriation of gold reserves on the rise amid rising geopolitical tensions: Study

    An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according ...
    Economy
  • UAE’s ‘Second Salary’ plan: What you need to know about the new retirement scheme

    UAE’s ‘Second Salary’ plan: What you need to know about the new retirement scheme

    The UAE’s National Bonds on Monday announced the launch of a ‘Second Salary’ plan, a customized savings scheme created for nationals and residents to ...
    Gulf
  • Saudi National Bank growth unaffected by Credit Suisse hit 

    Saudi National Bank growth unaffected by Credit Suisse hit 

    Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the ...
    Saudi Arabia
  • US regulator sells failed Signature Bank assets to another lender

    US regulator sells failed Signature Bank assets to another lender

    The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on ...
    Banking & Finance
  • Credit Suisse hit with first lawsuit over financial meltdown

    Credit Suisse hit with first lawsuit over financial meltdown

    Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s recent difficulties, alleging that it overstated its financial ...
    Banking & Finance
  • Saudi Arabia’s fintech Tamara secures $150 mln facility from Goldman Sachs

    Saudi Arabia’s fintech Tamara secures $150 mln facility from Goldman Sachs

    Saudi financial technology company Tamara secured a $150 million debt facility from Goldman Sachs Group Inc, defying a funding slowdown in the global ...
    Technology
  • Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks 

    Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks 

    A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co (JPMN) and Citigroup Inc (CN) from smaller ...
    Banking & Finance
  • Silicon Valley Bank collapse: All you need to know

    Silicon Valley Bank collapse: All you need to know

    Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks on Tuesday as assurances from President Joe Biden and other ...
    Features
  • Lawyers of Abraaj’s Naqvi says fresh evidence may block US extradition 

    Lawyers of Abraaj’s Naqvi says fresh evidence may block US extradition 

    Lawyers for Abraaj Group’s Arif Naqvi, the founder of what was once the Middle East’s largest private equity fund, said there was “fresh evidence” ...
    World News
  • HSBC embarks on huge hiring spree in Saudi Arabia in expansion move

    HSBC embarks on huge hiring spree in Saudi Arabia in expansion move

    HSBC is hiring dealmakers as “fast as it can” in Saudi Arabia to capitalize on a wave of financing activity in the country, the global head of its ...
    Banking & Finance
  • New UK finance minister to promise to control inflation

    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

    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

    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

    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 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 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

    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 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

    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

    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

    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

    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

    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 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 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

    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 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 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

    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 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
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