Brent crude oil prices fell for a fourth straight day on Friday, dropping under $100 a barrel to a 16-month low, as weak US and Chinese economic data thrashed markets and sent investors to perceived safer havens.
Data showing US job growth stumbled in May and the jobless rate rose for the first time in nearly a year, added to worries about the global economy's health. A report from No. 2 oil consumer China, indicated a slowdown in that country's manufacturing sector, which dragged crude down early on Friday.
KFH-Malaysia takes part in IFSB meetings
KFH-Malaysia took part in the meetings held by the Islamic Financing Services Board (IFSB) that have been hosted by the Malaysian Central Bank recently in the Malaysia capital.
The meetin
NBK Capital exits Turkey hospital chain
NBK Capital, a leading bank in Kuwait, has announced the sale of its equity stake in Dunya Goz, Turkey’s largest ophthalmology hospital chain, to the founding shareholder.
This is yet ano
Mashreq to enhance mobile banking app
UAE-based Mashreq, a leading financial institution, plans to launch an enhanced version of its mobile banking app, which will be made available to customers on Blackberry10 and Windows8 and tablet ba
Barwa to Unveil Visionary Projects at Cityscape Qatar 2013
Barwa Real Estate Group has announced plans to unveil several groundbreaking projects at Cityscape Qatar 2013, Qatar’s premier international real estate and development event. The event is expected