The political crisis in Portugal immediately hit the country’s 10-year borrowing rate on Wednesday, pushing it up sharply to the danger level of 8.0 percent.
The political crisis in Portugal immediately hit the country’s 10-year borrowing rate on Wednesday, pushing it up sharply to the danger level of 8.0 percent.
Corporate banking divisions at GCC lenders are at peak levels in terms of revenues and net profits, and have even crossed the pre-crisis levels seen in 2008, according to a latest study by the Boston Consulting Group, or BCG.
Bahrain’s economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday.
Indian policy-makers will have to think out of the box ideas to stabilise rupee, accelerate GDP growth and create more jobs ahead of elections, writes Muzaffar Rizvi
India’s rupee touched a record low of more than 60 to the dollar on Wednesday as overseas funds continued to pull out money from emerging markets.
The Abu Dhabi Fund for Development, or ADFD, has signed a memorandum of understanding with Morocco for a $1.25 billion grant to be used for the provision of key services. The grant is part of the UAE’s contribution to the GCC’s Gulf Development Fund initiative.
After a decade of dealmaking at Morgan Stanley in the Middle East, Peter Fort swapped the Dubai International Financial Centre for a career promoting investment into one of the UAE’s lesser-known emirates.
The International Chamber of Commerce’s Regional Banking Commission Middle East and North Africa (MENA) in partnership with the Dubai Chamber of Commerce and Industry held a regional launch of the ICC Uniform Rules for Bank Payment Obligation (URBPO) at Dubai Chamber headquarters.
Global stock markets reeled on Monday, with Shanghai’s index enduring its biggest loss in four years, after an increase in China’s commercial lending rates sparked fears about the state of the world’s second-largest economy.
Mashreq Bank has announced the signing of a Memorandum of Understanding with Emirates Group to help streamline salary transfers and other HR issues.