British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the GCC region, which comprises...

The GCC economies may be back on track, but for many residents, worries over personal finance remain

The story of expatriates trapped in Gulf countries by a rising tide of debt and lost job opportunities became apocryphal during the course of the financial crisis. As the GCC states dropped gears...

UK’s Labour puts economic stability at heart of election offer

Britain's opposition Labour Party said on Tuesday it would prioritise economic stability if it won a national election on July 4, with its finance policy chief saying she would focus on spurring successful...

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and...

Netanyahu’s ultra-Orthodox coalition partners back Gaza hostage deal

 Israeli Prime Minister Benjamin Netanyahu's biggest coalition partner said on Tuesday it would support a prospective deal to free hostages from Hamas captivity even if it entails an overhaul of Israel's Gaza war strategy. The statement...

Morning Bid: Inflation waiting game turns worrisome

A look at the day ahead in European and global markets from Tom Westbrook So much for a week watching football and cricket while counting down to Friday's blockbuster U.S. personal consumption price index. The...

Turkish economy expands 5.7% in first quarter on strong domestic demand

Turkey's economy grew 5.7% in the first quarter, in line with expectations, official data showed on Friday, driven by strong domestic demand. Growth is expected to slow during the rest of the year as the central bank's aggressive monetary tightening in the face of soaring inflation weighs on economic activity. The economy is predicted to grow 3.15% in 2024, according to a Reuters poll. Forecasts announced in September showed the government expects the economy to grow 4% this year. Finance Minister Mehmet Simsek said thanks to rule-based, predictable policies, the country is heading towards more balanced and sustainable growth this year. "Indicators for Q2 indicate that the balancing of the economy continues. We see balanced...

British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government...

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Qatar now world’s richest nation, says IMF

Qatar surpassed Luxembourg as the world’s richest nation in 2010 and is set to...

EU watchdog calls out banks for inflating capital buffers

Banks in the European Union could be inflating the value of high-risk debt used to plug gaps in capital buffers intended to provide protection in the event of a crisis, the bloc's banking...

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UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green...

Climate activists arrested after protest at Citi’s New York headquarters

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Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

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AD Ports Group refinances $2.25bn debt, cuts borrowing costs

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Lebanon, UAE and Saudi Arabia dominate list of influential Arabs

Lebanon has contributed the most names to the 2012...
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Canada’s RBC, CIBC post bigger-than-expected profits on capital markets strength

Royal Bank of Canada (RBC) (RY.TO), opens new tab said on Thursday the investment banking environment looked promising after the country's biggest bank surpassed profit expectations,...

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

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IBA president Kremlev defends divisive prize money scheme despite IOC pushback

The International Boxing Association's (IBA) plans to offer prize money to medallists at the Paris Games could widen the rift in the governance of amateur boxing...

EU agrees to quit energy investment treaty over climate concerns

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