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    Stocks markets, oil plummet as new virus variant sparks panic

    26 Nov 2021

    Stock markets and oil prices plunged on Friday over fears of a new coronavirus variant that scientists warn could be more infectious than Delta and more resistant to vaccines,

    Empower announces IPO’s price range

    31 Oct 2022

    Emirates Central Cooling Systems Corporation (Empower) has announced the price range and start of the subscription period for its Initial Public Offering (IPO)

    Arada closes $100 million tap of Sukuk issuance

    21 Oct 2022

    Arada has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on the London Stock Exchange.

    US Fed set for further steep rate increase as recession fears loom

    30 Oct 2022

    The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

    HSBC makes surprise succession move

    25 Oct 2022

    HSBC named Georges Elhedery as its new chief financial officer on Tuesday in a surprise move that puts the former head of its investment bank in pole position to eventually succeed Noel Quinn as CEO.

    India’s inflation at a manageable level of 7.4%, says finance minister

    17 Oct 2022

    Finance Minister Nirmala Sitharaman has reiterated that the inflation rate, which is hovering over 7 per cent in India, is “at a manageable level” compared to where some other countries

    World Bank cuts India’s GDP growth outlook to 6.5 per cent

    07 Oct 2022

    Citing the deteriorating global scenario, the World Bank downgraded India’s GDP forecast for the current fiscal to 6.5 per cent. In June 2022, it had projected that Indian economy will grow at a rate of 7.5 per cent.

    United States fiscal 2022 budget deficit halves to $1.375 trillion

    22 Oct 2022

    The US government reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues

    Global stocks, pound take a hop as Sunak is set to become UK PM

    24 Oct 2022

    Global stocks and the pound climbed on Monday as markets reacted to the news that former finance minister Rishi Sunak would become Britain’s new prime minister.

    Nasdaq Dubai welcomes $750m EDB bond listing

    06 Jul 2021

    Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), on Tuesday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of a $750 million bond.

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