Articles
Al Ansari shares surge on Dubai market debut
UAE company expects to distribute a minimum dividend of $163 million for the 2023 financial year, implying a minimum dividend yield of 7.77% to 8%
Fitch upgrades Saudi Arabia’s rating on 'formidable' finances
Gross government debt to GDP declined to 23.8 per cent in 2022
Oil extends gains after Opec+ surprise cut
The world’s two leading crude oil futures contracts gain more than 6% each at the close of trading on Monday
What analysts are saying about Opec+ output cut
Brent and WTI, the world’s two leading crude oil futures contracts, rallied on Monday after members of the group pledged production cutbacks
Oil prices soar after Opec+ producers pledge output cuts
Goldman Sachs raises its forecast for Brent to trade at $95 a barrel by the end of 2023 from a previous $90 estimate and projects it at $100 in 2024
Saudi Arabia, UAE and allies announce surprise oil production cuts
The output cuts will exceed more than one million barrels per day and will be effective from May until the end of the year
Opec+ likely to maintain output cut amid strong oil market fundamentals
Oil producers' group and IEA expect China to lead the crude demand recovery this year
Lebanon inflation hits 190% in February as IMF calls for urgent reforms
The Consumer Price Index increased by about 26 per cent from January 2023
UBS brings back Sergio Ermotti as CEO after Credit Suisse takeover
He returns to the helm of Switzerland's largest lender on April 5, more than two years after leaving
Presight AI share price surges on Abu Dhabi debut
IHC, the most valuable listed company in the UAE, is a cornerstone investor, accounting for 15% of the offering
Al Ansari draws $3.45bn in orders for $210m offering
Company will start trading on the Dubai Financial Market on April 6
Jordan's AJIB agrees to buy Standard Chartered unit in kingdom
Lenders will work together in the coming months to help the transition for clients and staff
Financial stability risks rise, but 'green shoots' emerging, IMF says
China is set to account for about a third of global growth in 2023, boosting the global economy
Al Ansari raises number of shares available to retail investors in IPO
Retail portion of the offering increases to 7.5% of the total shares being sold
Gulf central banks raise interest rates as Fed stays course
US Federal Reserve increases key policy rate by 25 basis points amid crisis that has led to collapse of three lenders
