Finance
-
Abu Dhabi’s ADEX partners with Capital Bank of Jordan to boost national exports
The Abu Dhabi Exports Office (ADEX), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has signed an…
Read More » -
Russia’s coffers hold steady after 100 days of war, earnings reported as EUR 93 billion
Russia, the world’s largest supplier of fossil fuel, has generated more than EUR 93 billion in income from exports in…
Read More » -
US Lawmakers push for moratorium extension on digital trade
Lawmakers in the United States want the US Trade Representative (USTR) to press for an extension of the WTO’s digital…
Read More » -
LIC shares slump after debut as India’s biggest IPO
Shares of the state-owned Life Insurance Corporation of India (LIC) were set to open at an 8% discount from their…
Read More » -
Morgan Stanley warns of Global Economic slowdown
Due to concerns from the Russia-Ukraine war and China’s COVID-19 spike, Wall Street Investment-banking giant Morgan Stanley expects global economic…
Read More » -
Non-oil foreign trade rises 15% in Abu Dhabi to $16.74 billion
In the first quarter of 2022, Abu Dhabi’s non-oil international trade was $16.74 billion (AED 61.522 billion), up 15% over…
Read More » -
The US Dollar at a two-decade high before inflation data
The US dollar ($) remains at a two-decade high. Investors await new inflation data to determine how aggressively the Federal…
Read More » -
US Senate passes NOPEC bill despite backlash from oil producers
The NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate subcommittee on Thursday with a 17:4…
Read More » -
US FTC to probe Twitter for antitrust violations
Elon Musk’s $44 billion Twitter acquisition is allegedly being investigated by the US Federal Trade Commission (FTC) for possible antitrust…
Read More » -
Central Bank of the UAE and other Gulf banks raise rates following the US Federal Reserve
Following the US Federal Reserve’s decision to increase rates, the Central Bank of the UAE (CBUAE) has decided to raise…
Read More »