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The International Monetary Fund, or IMF, said on Tuesday that the euro-area debt crisis has exacerbated global financial instability and an orderly adjustment process is likely to be prolonged and costly.
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The Middle East and North Africa region, or Mena, has emerged as a viable and safe investment destination and things are looking decidedly brighter as the region targets to record a real gross domestic growth of 4.2 per cent, a report by Al Masah Capital said.
Abu Dhabi-based asset manager Invest AD has launched two UCITS-compliant funds, which invest in Africa and the Arabian Gulf, to meet growing global demand for high-quality investment products to tap frontier market growth.
Sorouh Real Estate on Tuesday said its consolidated net profit surged 33 per cent in the second quarter to Dh166.6 million on sustainable incomes.
Initial public offering, or IPO, activities in the Middle East and North Africaregion witnessed a record 344 per cent jump in terms of money raised in the second quarter of the year compared to same quarter last year.
China’s Foreign Ministry on Wednesday urged the United States to rescind sanctions imposed on a Chinese bank over its transactions with Iran, saying the move damaged China-U.S. relations.
FRANKFURT/HELSINKI - The United States raised pressure on euro zone leaders to take decisive action to solve the region’s debt crisis, notably by lowering troubled members’ borrowing costs, on the eve of a crucial European Central Bank meeting.
LONDON - Britain’s manufacturing sector shrank at its fastest rate in more than three years in July, the latest PMI survey showed on Wednesday, dealing a blow to hopes the country may come out of recession over the summer.
SAN JOSE, California — An attorney for Apple told a jury Tuesday that bitter rival Samsung faced two options to compete in the booming cellphone market after Steve Jobs introduced the iPhone to critical acclaim in 2007: Innovate or copy.
SINGAPORE - Gold was locked in a tight range on Wednesday, as investors watched the US Federal Reserve and the European Central Bank, whose monetary policy decisions could determine the direction of markets.
