Articles
Lebanon's inflation hit 215% in February as economic meltdown worsens
Transportation costs increased 510%, followed by restaurants and hotels, which surged 449%
Shuaa Capital launches $250m venture debt fund
Dubai investment bank has invested $545m in private debt transactions and $3bn structured across multiple sectors over the last 11 years, including technology
Oil prices retreat as divided EU considers banning Russian crude
Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global energy supplies
Risk of debt default drives S&P to downgrade Russia
In 1998, Moscow devalued the rouble and failed to meet its financial obligations
Gulf central banks raise interest rates after US Federal Reserve hike
Move is the first of many expected this year and in 2023, and is expected support the earnings of lenders in the region
Dewa to list 6.5% of shares on Dubai Financial Market
The utility is the first of 10 state-owned entities to issue an IPO on the bourse
Binance gets first Gulf crypto licence from Bahrain
The world's largest cryptocurrency exchange will be able to provide crypto-asset trading, custodial services and portfolio management to customers
Moody's downgrades 95 Russian companies as IIF forecasts 15% contraction
The country's economy has taken a severe hit from punitive western actions and the flight of foreign companies
Riyadh oil refinery operating normally and supplies unaffected by drone attack
The attack did not result in any casualties, an energy ministry spokesman says
Oil prices retreat as UAE proposes Opec+ increase oil production at a faster pace
Emirates remains committed to existing agreement of 23-member oil producer alliance, energy minister says
IMF approves $1.4bn in emergency funding to Ukraine
Washington-based lender expects financial assistance to serve as catalyst for other financing
Oil may hit $240 if EU follows suit with sanctions on Russian crude
The higher prices go, the greater the chances of the global economy sliding into a recession
Dubai adopts first law regulating virtual assets
A regulatory authority will be established under the new law to oversee the sector
Will oil break the 2008 record of $147 a barrel?
Prices are headed towards the $150 per barrel mark, but a sustained move above these levels could 'bend the global recovery'
Oil prices jump as US bans Russian crude imports
The move is part of efforts to intensify sanctions against the world's second-largest energy exporter for its attack against Ukraine
