Articles
Oil prices post second weekly loss despite rising US demand and earnings rally
US economic growth slowed to 1.1 per cent in the first quarter
White House says it is monitoring First Republic Bank situation
The US banking system is sound and resilient after action was taken last month to protect depositors at SVB and Signature Bank, official says
Emirates NBD first-quarter profit more than doubles on higher fee income
Impairment allowances in the first three months of the year dropped 66% annually to $128 million
First Abu Dhabi Bank profit surges 70% on fee income
Net income for first three months climbed to $1.07 billion, excluding Magnati-related capital gains in first quarter of 2022
Lebanon inflation hits 264% in March as currency devaluation bites
The consumer price index was 33 per cent higher compared with February
First Republic shares lose almost half of their value after deposits plunge
San Francisco-based lender reported to be considering sale of up to $100 billion of assets
Shares of Google parent Alphabet jump after $70bn stock buyback pledge
Revenue during the first-quarter rose about 3 per cent annually to $69.8 billion
First Republic shares tumble as deposits plunged 41% amid banking crisis
Without the combined $30 billion provided by America's largest banks, decline would have been about $102 billion
Credit Suisse had $69bn of outflows amid meltdown
Swiss lender had net asset outflows of $52bn at its wealth management division in three months to end of March
World Bank debars former Abraaj executive over fraud
Selcuk Yorgancioglu will not be able to take part in any projects financed by the Washington-based lender for two years
Oil posts weekly loss on recession fears and slowing demand
Petrol stocks unexpectedly rose by 1.3 million barrels to 223.5 million barrels last week, according to the US Energy Information Administration
Founder of world’s largest hedge fund sets up Abu Dhabi family office
Move by Bridgewater Associates founder builds on a 30-year relationship with the UAE
Oil posts fourth weekly gain as IEA predicts higher oil demand
Weaker dollar is also supporting crude prices as they edge higher
IMF says global economy faces 'rocky' recovery
Washington-based lender says inflation is slowly falling but GDP growth remains historically low while financial risks have increased
Dubai's non-oil economy hits five-month high
Output expands to greatest degree since September, new orders rise sharply and employment expands the most since 2018
