Massoud A Derhally

Takeover ends 167-year history of smaller rival and creates world's biggest wealth manager

Companies at their most optimistic about future activity since March 2020

Accord expected to boost non-oil commerce between the two countries to $1 billion within five years

Kingdom will make an additional output cut of 1 million barrels per day in July

The consumer price index was about 9 per cent higher, compared with March

Company is the sixth subsidiary of state oil company Adnoc to list on the second-biggest Arab stock market

World's biggest crude benchmarks posted biggest loss in a month on Tuesday

World's largest oil-producing company plans to introduce performance-linked dividends, in addition to the base dividend that it currently distributes

Mubadala remains one of the largest investor in UAE banking sector after divesture

Worries over crude demand as US Federal Reserve indicates latest interest rate increase could be last

The US Federal Reserve raised its key policy rate by 25 basis points

Pace of economic momentum in Saudi Arabia and the UAE continues to pick up

Financial turmoil raises concerns about credit conditions in the US, which are expected to hit their worst level since the pandemic, according to an American Bankers Association index

Europe's largest lender announces share buyback up to $2bn

All depositors of the troubled lender will become JP Morgan clients and have full access to their funds