Articles
World Bank and Egypt agree on $7bn framework
Agreement will be enforced by the Washington-based lender, the International Finance Corporation and the Multilateral Investment Guarantee Agency
Ukraine secures $15.6bn loan from the IMF
Agreement is subject to approval of fund's executive board in the coming weeks
IMF approves $3bn bailout loan for Sri Lanka
Decision aims to restore country's macroeconomic stability and debt sustainability while easing the burden shouldered by the poor and vulnerable
What analysts are saying about the US and Swiss banking crisis
Silicon Valley Bank is the biggest lender to fail in America since the 2008 financial crisis but 'a repeat of the turmoil of 15 years ago seems unlikely', Goldman Sachs says
First Republic shares tumble as turbulent week for market ends
Major indexes on Wall Street slide over bank contagion fears
Presight AI IPO: G42 unit drew nearly $26bn in orders for $496m offering
Company will start trading on the Abu Dhabi Securities Exchange's first market on March 27
DP World's full-year profit soars 37% on strong revenue growth
Turnover grew 59 per cent to $17 billion, supported by acquisitions and the solid performance of ports
Abu Dhabi Investment Authority to invest $500m in India's Lenskart
Eyewear retailer has raised $750m over the past 12 months and the latest funding round values the company at $4.5bn
Oil steadies after plunging to 15-month low amid banking crisis fears
US crude stocks rose by 1.6 million barrels last week
UAE money exchange Al Ansari may raise up to $210m from IPO
Company may have a market value at listing that is between $2.04bn and $2.10bn
IMF says good progress made in talks with Ukraine about new funding
War-torn country's economy shrank by 30% last year
Saudi economy had highest growth among G20 nations in 2022, OECD says
World's biggest economies slowed sharply in the fourth quarter of last year, with GDP decelerating to 0.3% in the last three months of 2022, from 1.4% in the previous quarter
Moody's warns of risks to US banks and lowers financial system outlook
Rating agency projects the US economy will slide into a mild recession in the latter part of 2023
Saudi Arabia places order for Boeing jets worth $37bn
PIF-backed new carrier Riyadh Air will purchased 72 aircraft while Saudia will get 49 planes
Kuwait's Jazeera Airways plans new airline with Saudi partners
Carrier will be based at King Fahad International Airport in Dammam
