Search Results for: Middle East
Saudi Arabia: Could This Spark a Stock Market Crash in 2016?
January 4th, 2016
Saudi Arabia’s Budget Woes Could Trigger Economic Collapse in 2016 The collapse of oil prices to below $37.00 per barrel, compared to $56.00 last January, has sunk Saudi Arabia’s accounts and hurt its budget expectations. According to the 2015 ...
Oil surges on Saudi Arabia, Iran tensions
January 4th, 2016
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, ...
Chinese markets halt trading for day after shares plunge
January 4th, 2016
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the slowdown of the mainland’s economy. The Shanghai Composite tumbled 6.85 percent ...
World Tax 2016 has awarded the Deloitte network
December 30th, 2015
World Tax 2016 has awarded the Deloitte network its best rankings to date, giving a ‘top tier one’ rating to Deloitte member firms in 48 countries including the Deloitte firm in the Gulf Cooperation Council countries. The Deloitte tax practice in ...
UAE, China agree to set up RMB clearing hub
December 28th, 2015
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi (People’s money), local UAE media reported on Sunday. The UAE clearing hub for the Chinese ...
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 ...
FBME launches legal fight against Cyprus Central Bank
December 23rd, 2015
The Federal Bank of the Middle East (FBME) Limited has announced that immediate legal action is being launched to contest the revocation by the Central Bank of Cyprus (CBC) of FBME Bank’s license for its branch in Cyprus and ...
BT helps ADS Securities extend institutional trading operations into North America
December 22nd, 2015
BT today announced that it is making it easier for institutions with a presence in North America to access foreign exchange, metals and commodities markets via the OREX trading platform of leading financial services company, ADS Securities. Abu Dhabi-based ...
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% ...
Merkel’s Refugee Mini-Summit Threatens EU Split
December 17th, 2015
German Chancellor Angela Merkel Thursday attended an EU mini-summit on the sidelines of the main European Council meeting of all 28 member states in a move seen by many as a sign of further divisions in Europe. Merkel is ...
