Search Results for: Arab
China turns to Islamic finance to expand economic clout
September 22nd, 2015
Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds. With a Muslim population of ...
Kuwait stock market shrinks as its economy underperforms more dynamic economies in the Gulf
September 21st, 2015
Kuwait stock delistings threaten market’s status Kuwait market shrinks as others expand Some firms complain about low valuations, liquidity Others cite costs of maintaining listing Regulator says oil companies could be listed Effort to upgrade Kuwait to emerging market ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
BT helps global financial industry keep data secure with new ethical hacking service
September 17th, 2015
BT brings in CREST STAR certified security testing to protect financial organisations from cyber threats BT today announced the global launch of “BT Assure Ethical Hacking for Finance”, a new security service designed to test the exposure of financial ...
Saudi rises on FTSE review; Egypt up after govt reshuffle
September 14th, 2015
Saudi Arabia‘s stock market rose in early trade on Sunday after index compiler FTSE added the country to its watchlist for potential upgrade and Egypt edged up after the Cairo government resigned. Saudi Arabia’s main stock index rose 1.1 ...
Oil prices dip as demand stalls – IEA releases Oil Market Report for September
September 14th, 2015
Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures LCOc1 were down 37 cents at $47.77 per barrel at 0448 GMT. U.S. crude ...
Global Markets: Stocks end solid week on cautious note
September 11th, 2015
Stocks stay on track for best week in eight Fed rate decision next week hangs in the balance “Quite a fragile time” – equity fund manager Global stocks around the world slipped into the red on Friday but remained ...
Why Vladimir Putin Won’t Be Helping OPEC to Cut Oil Production
September 11th, 2015
Past attempts at cooperation proved `dismal and disappointing’ Siberian winter makes it difficult to be swing oil producer Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such ...
Oil dips as Saudi rejects producer summit, set for weekly fall
September 11th, 2015
Crude oil prices eased on Friday due to a strong dollar and Saudi Arabia’s dismissal of a producer summit, putting prices on track for a small weekly fall despite a strong rally in the previous session. October Brent, the ...
Saudi stock index up, shuns oil prices
September 10th, 2015
Saudi Arabia’s stock benchmark Tadawul All Share Index jumped 2.3 percent to 7,749 points and most stocks in Riyadh were positive. National Commercial Bank, the kingdom’s top lender, was one of the main supports, jumping 3.2 percent. Another large ...
