Articles
UAE Central Bank says pandemic recovery on to next phase
Regulator's targeted economic support scheme benefited 15 per cent of UAE banks' loan portfolios
Adnoc increases size of drilling IPO to 11% amid strong demand
The company will continue to maintain its majority 84% stake in its drilling unit
World Bank suspends disbursements to Afghanistan after Taliban seize power
Washington-based lender's decision comes after the IMF cut off the new government's access to the fund's reserve assets
China Three Gorges agrees to buy Alcazar Energy
The Chinese company will gain a strong presence in the Mena region with the acquisition of seven wind and solar projects
Saudi Arabia's PIF snaps up a stake in luxury car maker Pagani
Italian supercar manufacturer's customers include Facebook founder Mark Zuckerberg and football star Lionel Messi
IMF prevents Afghanistan from accessing funds after Taliban seize power
The US has frozen nearly $9.5bn in assets belonging to the Afghan central bank and stopped shipments of cash to the country
Inflation to hit double digits as Afghanistan currency weakens, central bank chief says
Outgoing chief of central bank warns that Afghani will decline further against US dollar as international funds are frozen
Saudi Arabia's PIF boosts stake in US game maker Activision
The sovereign wealth fund increased its share in Activision Blizzard by 13.3 per cent pushing the total value of its investments in American equities to $15.94bn
Dubai's business conditions improve at quickest pace in a year
Employment in the emirate increased at its fastest rate in more than 18 months
Moderna swings to $2.8bn profit as revenues soar on Covid-19 vaccine
Revenue jumped to $4.4bn in the second quarter from $67m in the same period in 2020
Sabic 'on course and confident' as it swings to profit on higher prices
Revenue for the three months ending in June rose 72.2% to reach $11.3bn
Spain's top football league La Liga to sell 10% stake to CVC Capital Partners
The $3.2bn deal requires the approval of clubs and values the league at about $29bn
IMF retains global growth outlook but vaccine inequality threatens recovery
Uneven access to vaccines and emergence of Covid-19 variants could derail the recovery and wipe out $4.5 trillion cumulatively from global GDP by 2025
US vaccine and fiscal policy puts economy on strong footing, IMF says
The Washington-based lender raised its 2021 US growth projection to 7 per cent
IMF approves reforms to support recovery of low-income countries
Washington lender provided financial aid to 53 of 69 eligible states in 2020 and first half of this year
