Search Results for: Arab
Gulf states are spending billions to attract tourists
April 24th, 2017
Gulf states are spending billions of dollars creating ambitious strategies to attract visitors as tourism becomes a stronger plank of their economies. This week’s Arabian Travel Market in Dubai will show the changing face of the industry as entertainment ...
Oil recovers lost ground, but market remains under pressure
April 24th, 2017
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West ...
Organisation to set up a common accounting framework for monetary gold
April 21st, 2017
The World Gold Council is now seeking views on the draft guidance provided herein with respect to a recommended practice in accounting for gold. The views of monetary authorities, as well as those of international accounting standards boards, advisory ...
SGX reports 3Q FY2017 net profit of $83 million
April 21st, 2017
3Q FY2017 Financial Summary – Revenue: $203 million, down 2% from a year earlier – Operating profit: $103 million, unchanged – Net profit: $83 million, down 7% – Earnings per share: 7.8 cents, down 7% – Interim dividend per ...
Oil prices set for biggest weekly drop in a month
April 21st, 2017
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more ...
PM markets: traders weigh European drought, US rains
April 20th, 2017
Wheat prices in the Chicago and Paris saw early gains, helped by fears that time is running out for much needed rains in Europe and North Africa, but the rallies failed later in the day, as a strong forecast ...
Why We’re Ungovernable: Europe Gets Its Doomsday Scenario
April 20th, 2017
The rise of French far-right presidential candidate Marine Le Pen has made a lot of people nervous since, among many other things, she’s in favor of leaving the eurozone, which would pretty much end the common currency. But since ...
UAE, the new key role player in the Middle East
April 20th, 2017
The United Arab Emirates (UAE) is likely to play a bigger role in the conflict-ridden Middle East due to its economic, military, and political influence. For most of the past four decades, the UAE has maintained a low-key role ...
Fintech in the Middle East and North Africa is booming
April 20th, 2017
Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last ...
Oil prices dip on bloated U.S. market, mixed Saudi signals
April 19th, 2017
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the international benchmark for oil, were at $54.77 ...
