Search Results for: Gulf
Qatar sees Brexit as an opportunity
March 30th, 2017
Qatar sees Britain’s exit from the EU as an opportunity to boost supplies of liquefied natural gas (LNG) to the world’s fifth-largest economy and is open to investing in British energy assets, Qatar’s energy minister said. The Gulf state ...
Amazon to acquire Middle East ecommerce leader Souq.com
March 28th, 2017
The global e-retailing giant Amazon has acquired Souq.com, the regional ecommerce leader, in one of the most anticipated corporate deals in the region so far this year. The value of the deal has not been formally announced. The acquisition ...
Dollar, S&P 500 Futures Drop on Health-Care Flop: Markets Wrap
March 27th, 2017
Yen gains, while dollar is close to erasing post-Trump rally Japanese, Hong Kong equities retreat while gold climbs The dollar and U.S. equity futures accelerated Friday’s declines and gold climbed with bonds as investors shunned risk assets amid increased skepticism ...
Rising demand for chartered accountants in Middle East
March 9th, 2017
As business models become more complex and sophisticated, every enterprise needs qualified professionals to help them invest, develop and grow prudently. Since 1961, The Institute of Chartered Accountants of Pakistan (ICAP) has been playing a pivotal role in meeting ...
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
Saudi Arabia wants oil prices to rise to $60 in 2017
March 1st, 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab ...
Global diamond market sees moderate growth
February 24th, 2017
The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in China, contributed to ...
An investment management business in UK claimed £15m in damages but awarded £2 compensation
February 24th, 2017
An investment management business which claimed £15m in damages for stolen data from departing staff has ended up with just £2 compensation after a High Court judge ruled that no injury had been sustained. The Honourable Mr Justice Leggatt ...
U.S. oil holds near seven-week high; OPEC upbeat on output curbs
February 22nd, 2017
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014. The U.S. West Texas Intermediate April crude ...
Huge gas finds in Mediterranean Sea waiting to be tapped
February 16th, 2017
Huge gas finds in Mediterranean Sea waiting to be tapped As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for ...
