Search Results for: Africa
Cyprus Can Boost Shipping’s Role in Economy, Wilbur Ross Says
December 28th, 2015
Government’s targets are achievable, billionaire investor says Cyprus to be more aggressive in seeking shipping business Cyprus’s target to increase the contribution that shipping makes to its economy by around two percentage points over the next three years is ...
Zimbabwe to make Chinese yuan legal currency after Beijing cancels debts
December 23rd, 2015
Yuan becomes the latest currency to be approved for public transactions in Zimbabwe, as the southern African nation seeks to increase trade with Beijing. Zimbabwe has announced that it will make the Chinese yuan legal tender after Beijing confirmed ...
Outlook for the USD index for 2016
December 23rd, 2015
Goldman Sachs recently released a fairly optimistic outlook for the US dollar for 2016. The group anticipates that the dollar will be strong against both the yen and euro, while expecting US inflation to increase. With an impending ...
QNB Group enters into definitive agreement with National Bank of Greece to acquire its 99.81% stake in Finansbank – Turkey
December 22nd, 2015
QNB Group, the largest financial institution in Qatar and the Middle East and North Africa Region, announces that it has entered into a definitive agreement with National Bank of Greece for the acquisition of its entire stake comprising 99.81% ...
G20 GDP Growth – Third quarter of 2015, OECD
December 14th, 2015
G20 GDP growth stable at 0.7% in the third quarter of 2015 Download the entire news release (PDF 120KB) Real growth of Gross Domestic Product (GDP) in the G20 area remained stable at 0.7% in the third quarter of 2015, for the ...
KPMG International announced today aggregated network revenues of US$24.44 billion
December 10th, 2015
Investments in new services and innovation drive KPMG growth Investments in new services, acquisitions and strong growth across core services drive fiscal year (FY) revenues of US$24.44 billion Multi-year, US$1billion investment program in data and analytics (D&A) and new ...
BDO’S 2015 Financial Results Reveal Double Digit Growth
December 9th, 2015
13% increase in revenues strengthens BDO’s position as the leading mid-tier global accounting and consulting network • Revenues up 12.95% • 19 strategic mergers • Growth of US firm continues: a 29% rise in revenues takes BDO USA over US$ 1 billion ...
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
UAE private sector business activity rebounds from 30-month low
December 8th, 2015
The economies of Saudi Arabia and the UAE showed a mild improvement in November, according to a monthly survey of businesses. But economists believe that the impact of low oil prices and a slowdown in infrastructure spending will lead ...
HSBC looks to global loan book to boost profits
December 8th, 2015
HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. Post-crisis regulations have made it more expensive for banks to retain loans on their ...
