2018 2017 2016 2015 2014 2013 2012 2011 News Archive
January February March April May June July August September October November
Eurozone growth at 10-year high in 2017
(The Gulf Today - 31/01/2018)

The eurozone economy expanded at its fastest rate in a decade in 2017, preliminary data showed on Tuesday, and sentiment remained high at the start of 2018 despite a slight dip from a 17-year peak, signalling a strong start to the year. The European

Nafta deal still far from guaranteed
(Gulf News - 30/01/2018)

Discussions to revamp the North American Free Trade Agreement (Nafta) moved from stalemate to actual negotiation during the sixth round of talks that concluded Monday, but a deal was still far from guaranteed as Mexico, Canada and the United States

First free trade zone expo opens in Gwadar
(The Gulf Today - 30/01/2018)

Prime Minister Shahid Khaqan Abbasi on Monday inaugurated free trade zone and first International Gwadar Expo in Gwadar. During the two-day expo, foreign personalities, members of the diplomatic community and businessmen from across the globe would take

Japan’s crypto exchange to refund $400m to customers
(The Gulf Today - 29/01/2018)

Japan-based virtual currency exchange Coincheck said on Sunday it will refund about $400 million to customers after hackers stole hundreds of millions of dollars’ worth of digital assets. The company said it will use its own funds to reimburse about 46.3

UK growth picks up at end of tough 2017
(Oman Daily Observer - 28/01/2018)

Britain’s economy grew 0.5 per cent in the final three months of last year, official data showed, picking up speed despite Brexit uncertainty. However, the buoyant performance, propelled by the powerhouse services sector, was not enough to prevent the

China’s 2017 industrial profits post fastest growth in 6 years
(Arab News - 26/01/2018)

Profits for China’s industrial firms rose at the slowest pace in a year in December as Beijing’s anti-smog curbs hit activity, but profits clocked their fastest annual rise in six years as cost cutting and a construction boom helped businesses in 2017.

The global growth momentum looks hard to derail
(The National - 24/01/2018)

Global growth has been above trend since mid-2016 and, combined with high business confidence and low rates, is likely to support strong fixed asset investment in the year ahead. Fourth-quarter GDP firmed to 3.4 per cent in the US, 2.9 per cent in the

Moody's assigns (P)Baa3 rating to Indonesia's sukuk offering
(Press Release - 23/01/2018)

Moody's Investors Service has assigned provisional (P)Baa3 senior unsecured debt ratings to the proposed US dollar-denominated sukuks (trust certificates) to be issued by the Government of Indonesia (Baa3 positive) through Perusahaan Penerbit SBSN

IMF raises global economic growth forecasts
(The Gulf Today - 23/01/2018)

Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said on Monday. In the latest update to the IMF’s World Economic Outlook, nearly all the

AIG to buy reinsurer Validus Holdings for $5.56 billion in cash
(Reuters - 22/01/2018)

American International Group (AIG.N) on Monday said it would buy property and casualty reinsurer Validus Holdings (VR.N) for $5.56 billion in cash to strengthen its general insurance business. AIG’s offer of $68 per share represents a 45.5 percent

Pakistan economists urge action to tackle deficit
(Arab News - 22/01/2018)

Top economists have called for tough policy measures to curb Pakistan’s current account deficit that include new taxes on imports. The deficit has reached $7.6 billion, or 4.4 percent of GDP, in the first half of the current financial year as imports

‘Pakistan economy set to achieve 6% GDP growth’
(Gulf Times - 21/01/2018)

The State Bank of Pakistan (SBP) said yesterday that prospects for economic growth remain strong, noting that the economy is poised to achieve the growth target of 6% for 2017-18. In its first quarterly report on the state of the economy, the SBP said

World enters critical period of intensified risks in 2018
(Biz Bahrain - 21/01/2018)

The prospect of strong economic growth in 2018 presents leaders with a golden opportunity to address signs of severe weakness in many of the complex systems that underpin our world, such as societies, economies, international relations and the

Global clean energy investment up 3% to $333.5b in 2017
(Times of Oman - 18/01/2018)

Global investment in renewable energy and energy-smart technologies reached $333.5 billion last year, up 3 per cent from a revised $324.6 billion in 2016, and only 7 per cent short of the record figure of $360.3 billion, reached in 2015. This

Khazanah launches up to US$320.8m exchangeable sukuk
(Reuters - 17/01/2018)

Malaysian sovereign wealth fund Khazanah Nasional has launched exchangeable sukuk to raise US$309.4 million to US$320.8 million. The zero-coupon sukuk are exchangeable into H-shares of Citic Securities. They have a tenor of five years and an investor

UK inflation cools for first time since June as Brexit hit wanes
(Gulf News - 17/01/2018)

British inflation eased off its post-Brexit vote high in December, official data showed on Tuesday, suggesting the financial squeeze on many households could be about to get a little bit easier. Consumer price inflation fell for the first time since

EMEA retail sales to see 3pc growth to $5.4trn
(Trade Arabia - 17/01/2018)

Retail markets in Europe, the Middle East and Africa (EMEA) are estimated to grow approximately three per cent over the next five years to $5.4 trillion in sales, said a new report. Ecommerce is projected to eclipse $1.5 trillion by 2021, added the study

Brexit creeps up UK risk managers’ worry list
(Arab News - 16/01/2018)

Risk specialists in British businesses are more worried about Brexit and other regulatory change than they were a year ago, though cyberattacks remain the biggest concern, a survey showed on Tuesday. The risk of changes in legislation and regulation,

Morocco loosens its currency peg in bid to attract investors
(Gulf Times - 16/01/2018)

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the

China Vows to Toughen Rules on $38 Trillion Banking Industry
(Bloomberg - 15/01/2018)

China’s banking regulator pledged to continue its crackdown on malpractice in the $38 trillion industry in 2018, vowing to tackle everything from poor corporate governance and violation of lending policies to cross-holdings of risky financial products.

Pakistan aims to privatise PIA ahead of election
(The Gulf Today - 15/01/2018)

Pakistan will try to privatise its national airline before general elections due this year, Privatisation Minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run businesses. The privatisation of loss-making entities that were

Uncertain outlook for sukuk issuance in 2018
(Gulf News - 14/01/2018)

Outlook for global sukuk issuance appears uncertain in 2018 after strong performance in 2017, according to rating agency Standard & Poor’s. Sukuk issuance in 2017 increased by 45.3 per cent, reaching $97.9 billion (Dh359.58 billion), up from $67.4

UK inflation may be starting to slow down after Brexit jump
(Gulf Times - 14/01/2018)

Shoppers carry bags as they walk down the Oxford Street in central London. Inflation in the UK may finally be starting its slowdown, bringing some small relief to consumers squeezed by faster-rising prices in 2017, according to Bloomberg. Consumer-price

British International Campaign to Attract Islamic Investments
(Asharq Al Awsat - 12/01/2018)

The UK's Department of International Trade has announced the launch of a wide-ranging campaign in the Middle East and the Gulf to encourage investment in the UK in accordance with Islamic Sharia. According to a report published by the Dubai-based

S&P sees global sukuk issuance drop 18%-28% in 2018
(Asia Asset Management - 11/01/2018)

Global Islamic bond, or sukuk, issuance could shrink as much as 28% this year amid tightening liquidity in developed markets from higher interest rates, and rising geopolitical risk in the Middle East, according to S&P Global Ratings (S&P). Mohamed

  • Portfolio Current Value
  • Today's Gain
  • Overall Gain
  • Overall Gain (%)

  •   ()