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Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...- Gulf economies at risk of worst slump since 1990s on Iran warThe ongoing Iran war could severely impact Gulf economies if it continues, with Qatar and Kuwait potentially seeing GDP contract by about 1...
- Swiss bank Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEOJulius Baer appoints Swiss citizen Stefan Bollinger as CEO by February 2025 after Philipp Rickenbacher was ousted due to losses from Signa ...
- Abu Dhabi Borouge's $2 billion IPO set to be ADX's biggestGulf issuers have raised more than $10 billion from IPOs so far this year, Refinitiv data shows, exceeding European flotations even as glob...
- Saudi National Bank posts 20% rise in quarterly profitSNB reported a net profit of 3.4 billion riyals ($907 million) for the quarter that ended on March 31, up from 2.8 billion riyals in the sa...
- IIFL Asset Management appoints Manoj Shenoy as CEOIIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statem...
- IIFL Wealth to buy L&T Finance’s wealth management businessL&T Finance entered wealth management in 2012 by hiring the team of the Indian arm of Swiss private bank EFG.
- Pakistan's EM status in doubt after deep slide in stock valueThe South Asian nation has erased about $44 billion of equity value since June 2017.
- In Pakistan, miscommunication can send its rupee into a free fallIsahq Dar said that rupee’s 3.1 per cent drop on Wednesday against dollar was “mind boggling”.
- Why Pakistani market may be ill-equipped to handle MSCI inclusionAs much as $500 million may gush into the nation’s equities on May 31, said Ali Khalpey.
- Saudi Aramco's worth may be just $1.1 trillionAlthough Saudi Arabia puts company's value at $2T, investors, media feel otherwise.
- Nobel laureate Amartya Sen wins new UK awardEminent Indian economist and Nobel laureate Amartya Sen has been named as the first winner of a newly established award in the UK, in recog...
- Chopper deal: Middleman Christian Michel’s family has links with British society, Delhi since 1980sChristian Michel alleged to have been paid £26 mn by Finmeccanica execs to help secure a Rs 3,600-cr contract from the Indian government fo...
- Credit Suisse in asset management venture with QatarAventicum Capital Management will focus on investments in the emerging markets of the Middle East and Turkey as well as operate an internat...
- Fund flow to emerging markets will continue: Bassam Salem, EFG BankBassam Salem of EFG Bank speaks about the investment implication of the currency war, fund flows and investment themes.
- Greek banks under pressure to mergeMergers may help banks cut costs, strengthen balance sheets and provide better access to capital markets and funding opportunities.
- Greek banks will beat stress testsGreece's finance minister has expressed confidence that Greek banks will not fare badly in stress tests being carried out on European lende...
- Greek debt crisis is no Argentina rerun: bank reportGreece's debt woes which have raised fears of bankruptcy bear key differences to Argentina's 2001 financial collapse which many analysts ex...
- Dubai World's part-revamp limits damage: AnalystsDubai World's announcement that it needs to revamp only some parts of its worldwide business limits the scope of damage, analysts said on T...
- Boeing awaits Defence Ministry's proposal for 126 jetsAircraft manufacturer Boeing expects India's Defence Ministry to send out Request for Proposals (RFPs) to various companies within six to e...
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