Search Results for: asia
UAE leads Middle East’s internet economy
December 28th, 2015
Country stands at the forefront of the ‘internet of Things’ revolution, BCG says The UAE leads the Middle East when it comes to the maturity of the internet economy, according to The Boston Consulting Group (BCG)’s 2015 e-Intensity Index ...
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 ...
Deloitte: 2016 outlook on the oil and gas industry
December 28th, 2015
Prices continued to drop in the oil and gas industry in 2015. In less than a year, upstream oil and gas companies faced a 50% drop in revenues. Looking ahead to 2016, Deloitte sees positive developments that could help ...
OPEC: $95 Oil, But Not Until 2040
December 28th, 2015
This week opened with the average global price of oil at an 11-year low, yet OPEC expects its own producers eventually will cut back on production, causing prices to rebound to $70 per barrel by 2020. That may seem ...
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 ...
Nomura to pay $1 billion for stake in American Century
December 23rd, 2015
Nomura Holdings Inc., Japan’s biggest brokerage, plans to pay about $1 billion for a stake of around 40% in U.S. money manager American Century Investments, according to a person familiar with the matter. The purchase from Canadian Imperial Bank ...
Financial Regulators of UK, Luxembourg and Australia issued warnings for unauthorised financial services firms
December 22nd, 2015
The Financial Conduct Authority of UK, the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg and the Australian Securities and Investments Commission, issued warnings to inform investors and public for unauthorised financial services firms. FCA UK FCA informs ...
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% ...
Election in Spain left the country in even deeper political uncertainty
December 21st, 2015
After vote, Spain’s Rajoy faces arduous task Sunday’s election left Spain mired in even deeper political uncertainty than before, with experts calling it “near impossible” for Prime Minister Mariano Rajoy to find the political bedfellows necessary for a coalition. ...
