2018 2017 2016 2015 2014 2013 2012 2011 News Archive
January February March April May June July
China eases restrictions on foreign ownership
(The Gulf Today - 30/04/2018)

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership.<br/><br/> The consultation period for

Business community says budget is balanced, growth-oriented
(Gulf News - 29/04/2018)

Trade bodies and business community across the country yesterday hailed the government for introducing pro-trade and business initiatives in its Federal Budget 2018-19 and said the measures introduced would help to set a proper direction to the national

China tops US IP priority watch list
(Oman Daily Observer - 29/04/2018)

The Trump administration on Friday labelled 36 countries as inadequately protecting US intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices.<br/><br/>

JP Morgan investment specialist still sees best value in US equities
(The National - 27/04/2018)

The US equities remain the most attractive globally despite a recent selloff, as company earnings remain strong and the trade war rhetoric between the US and China hasn’t dented growth prospects yet, according to JP Morgan Private Bank.<br/><br/> While a

Earnings lift stocks; euro loses ground
(The Gulf Today - 27/04/2018)

A gauge of global equities advanced on Thursday, boosted by a slew of solid quarterly earnings in Europe and the United States, while the euro weakened in the wake of comments by European Central Bank chief Mario Draghi.<br/><br/> Technology stocks

China start-up eyeing $100 billion IPO vows to limit profits
(Gulf News - 26/04/2018)

Chinese smartphone maker Xiaomi Corp is making unusual preparations for what may be the world’s biggest initial public offering this year. The Beijing-based company, led by serial entrepreneur Lei Jun, is promising to limit the net profit margin in its

Facebook profits jump despite privacy scandal
(Gulf News - 26/04/2018)

Facebook on Wednesday reported a sharp jump in profits in the past quarter, with gains in its user base and strong ad growth as the social network appeared to see no impact from a controversy on privacy.<br/><br/> Profit in the first quarter of 2018

Britain hails new optimism about Brexit deal for financial services
(Times of Oman - 25/04/2018)

The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial

Stocks retreat as US 10-year yields cross 3 per cent
(The Gulf Today - 25/04/2018)

A gauge of world stocks dipped on Tuesday, relinquishing earlier gains after US bond yields crossed the three per cent threshold for the first time in four years, while oil prices stretched above the $75 per barrel mark.<br/><br/> Equities in Europe hit

Google parent Alphabet reports profit surge
(Gulf News - 24/04/2018)

Google parent Alphabet on Monday reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook.<br/><br/> Profit in the first three months of 2018 soared more than 70 per cent from a

Stocks stumble as US yields near 3% barrier
(The Gulf Today - 24/04/2018)

Global equities slipped on Monday as US bond yields approached the 3 per cent level that has triggered market spasms in the past and investors awaited earnings results from some of the world’s biggest firms.<br/><br/> Wall Street looked set to open flat

Trade tensions set for brighter US corporate results spotlight
(Gulf Times - 23/04/2018)

The potential for an intensifying trade dispute to undercut the US stock market could become clearer this week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions.<br/><br/>

EU, Mexico agree on new free trade pact
(Oman Daily Observer - 23/04/2018)

The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the US under President Donald Trump.<br/><br/> Since its plans for a trade alliance with the

World Bank boosts capital to $80bn
(The National - 22/04/2018)

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.<br/><br/> The

EU, Egypt to ink strategic energy partnership deal
(Trade Arabia - 22/04/2018)

European Union is set to sign an MoU for strategic cooperation in energy with Egypt, which is fast becoming an important gas and electricity hub that can provide energy security for the bloc as well as the entire region, said a report.<br/><br/> Climate

IMF warns against harming trade, investment
(The Gulf Today - 20/04/2018)

Governments must take care, even when there are disagreements, to avoid harming trade and investment which have been key drivers of the global economic recovery, IMF chief Christine Lagarde said on Thursday.<br/><br/> Amid concerns that escalating trade

EU pushes to hasten start of Japan trade deal
(Gulf News - 19/04/2018)

The European Commission put forward a proposed free-trade agreement with Japan for fast-track approval on Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago.<br/><br/> The European Union

Assets of Pakistan Islamic banks hit $19bn
(Gulf Times - 18/04/2018)

The market share of Islamic banking assets and deposits in the overall banking industry of Pakistan increased to 12.4% and 14.5%, respectively, by December 31, 2017, said a report from the State Bank of Pakistan.<br/><br/> “Assets of Islamic banking

Global economy to grow at 3.8% in 2018
(Gulf News - 18/04/2018)

Global growth is projected to strengthen to 3.9 per cent in 2018 and 2019, up from 3.8 per cent in 2017, driven by a projected pick-up in emerging market and developing economies, as well as resilient growth in advanced economies, according to the Word

China economy expands at 6.8 per cent pace
(The Gulf Today - 18/04/2018)

China’s economic growth held steady in the quarter ending in March amid a worsening trade dispute with US President Donald Trump, buoyed by strong e-commerce and factory output.<br/><br/> The world’s second-largest economy expanded by 6.8 per cent over a

Chinese exporters scramble on tariffs
(Arab News - 17/04/2018)

Faced with possible US tariff hikes, one of China’s biggest ball bearing makers, Cixin Group, is considering plans to rush shipments to American customers before the increase makes its sales unprofitable.<br/><br/> The company in the eastern city of

Egypt aims to raise tobacco tax revenues by $402m in 2018-19 budget
(Gulf News - 17/04/2018)

Egypt aims to raise its revenues from taxes imposed on tobacco by 7.072 billion Egyptian pounds (Dh1.48 billion; $402 million) in the 2018-19 draft budget, a government document said.<br/><br/> The country is targeting around 58.524 billion Egyptian

US growth slows in Q4; consumer spending surges
(The Gulf Today - 16/04/2018)

US economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.<br/><br/> Gross domestic product expanded at a 2.9 per cent annual

World Bank raises East Asia’s 2018 GDP outlook
(Oman Daily Observer - 15/04/2018)

The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible US-China trade war could harm growth in countries that are part of the Chinese goods supply chain.<br/><br/> The Washington-based lender said in

Superpower dispute starting to cast shadow on economy
(Oman Daily Observer - 15/04/2018)

Caught between the world’s superpowers as they butt heads over trade and the risk of conflict in Syria, the global economy is starting to show some bruises.<br/><br/> While it is still on track for its best growth in several years — and talk of all-out