Search Results for: Middle East
Saudi Arabia warned financial assets may be drained within five years
October 22nd, 2015
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from ...
PwC FY15 global revenues increase 10% to US$ 35.4 billion
October 6th, 2015
Strongest revenue growth in eight years Double-digit growth in Middle East and Africa (16%), North America and the Caribbean (12%) and Australasia and Pacific Islands (11%) Total workforce tops 208,000 a record number, with 53,000 people joining in FY15 ...
DGCX Q3 Volumes Up 36% with Trading in Gold Leading the Way
October 6th, 2015
Q3 trading in Gold products grew 71% from Q2 Q3 trading in Indian Rupee portfolio grew 37% from Q2 Highest Open Interest recorded with 110,145 contracts in Q3, growing 143% from Q2 Year-to-date volumes grew 19% and year-on-year volumes ...
Wargaming Selects Computop to Cut Costs and Increase Reliability of International Payment Processing
October 2nd, 2015
Computop, a top payment service provider (PSP), has been selected by leading free-to-play developer and publisher Wargaming to process payments within Europe, the Middle East and North Africa. Following a strategic review of its payments partners to streamline, reduce ...
Oil prices remain weak on Asia economy woes; shares in commodity firms tumble
September 29th, 2015
Japan stock market at 8-mth lows over Asian economic fear Falling commodity markets hit trading houses hard Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down ...
Gulf businesses expect to keep hiring despite lower oil price
September 28th, 2015
Businesses operating in the Arabian Gulf have so far shrugged off the impact of lower oil prices on their hiring policies, with 80 per cent of them expected to take on new staff, according to new research released by ...
Oil nears $50 as U.S. stock-draw balances China data
September 23rd, 2015
Brent crude oil rose towards $50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. The American Petroleum Institute (API) said U.S. crude stockpiles fell ...
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 ...
Oil prices rise as U.S. drilling declines
September 21st, 2015
Oil prices rose by around one percent on Monday as U.S. drilling slowed and analysts estimated that $1.5 trillion worth of planned American production investment was uneconomical at prices of $50 per barrel or lower. Crude prices have plunged ...
EY reports 2015 global revenues up by 11.6%
September 15th, 2015
Fastest growth since 2008 with revenues up by 11.6% in local currency Growth across all four service lines and four geographic areas Emerging market practices’ revenue up by 12.3% Developed markets’ growth led by the US, UK, Germany, Australia ...
