U.S. stock-index futures declined as Greek political leaders struggled to form a government, raising concern the Mediterranean nation may default on its debt as early as next month.
Electronic Arts Inc. (EA), the second-largest U.S. video-game publisher, fell 6.8 percent in German trading after forecasting a loss wider than analysts estimated. Citigroup Inc. (C) the third- biggest U.S. retail bank, slid 0.5 percent in Frankfurt as European lenders slipped.
Futures on the Standard & Poor’s 500 Index (SPX) expiring in June dropped 0.5 percent to 1,359.3 at 10:16 a.m. in London. The benchmark equity gauge yesterday halted three days of declines, helped by a rally in bank shares after Warren Buffett said American lenders are in “fine shape.” Contracts on the Dow Jones Industrial Average lost 58 points, or 0.5 percent, to 12,901 today.
GCC banking remains resilient
The majority of banks in the GCC region are domestically-owned, and consequently, there are high barriers to entry and restrictions on foreign banks. These barriers also limit the ability for cross-b
Al Batinah Hotels-AGM Decision
The AGM of Al Batnah Hotels SAOG held o 9th March 2014 at 4:00 pm at Sohar Beach Hotel, Sohar.The shareholders had approved the following decisions:
1- the Board of Directors Report for the
Gulf Finance House to start $3bn Tunisia project
Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islami