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Economy
China risks economic instability targeting banks with anti-corruption measures.
China's financial institutions are currently under investigation as part of an anti-corruption campaign, according to the country's Central Commission for Discipline Inspection. The CCDI has investigated over a dozen senior executives this…
Jordan issues Eurbonds worth $1.25B at 7.5% coupon rate
The Ministry of Finance and the Central Bank of Jordan on Tuesday completed the issuance of Eurobonds in global markets, with a value of $1.250 billion, at a fixed coupon rate of 7.5 per cent, due in January 13, 2029.
In 2023, the…
Baghdad, Irbil sign deal to restart northern oil exports
Oil prices hold steady amid economic concerns but with expectations of US crude inventory declines and OPEC output cuts. Iraq agrees to a smaller stake in Total Energies' $27bn project, hoping to lure foreign investment back…
ADB ,Asia set for strong growth after China’s opening
Asia's economy is expected to grow by 4.8 percent in 2023 and 2024, up from 4.2 percent in 2022, thanks to China's removal of strict pandemic restrictions, according to the Asian Development Bank. China's reopening following the end…
Gold prices fell as OPEC cut oil targets, increasing inflation risks and the likelihood of a Fed…
Gold prices fell on Monday after OPEC+ announced a cut to oil output, causing inflation concerns and raising the possibility of an interest rate hike at the upcoming May meeting of the US Federal Reserve. Spot gold dropped…
Oil prices expected to rise above $100 a barrel due production cuts by OPEC
OPEC+'s surprise production cuts could push oil prices towards $100 per barrel, tighten the market, and encourage diversification of supplies, according to analysts and traders. Oil prices jumped over $4 per barrel…
Oil update: Crude increase due to supply concerns; Syria gets new oil minister
Oil rose for a third session on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply and as easing fears of a global banking crisis supported risk sentiment in the wider markets.
Crude exports of…
ADNOC,BP offer to buy 50% of Israel’s offshore natural gas producer
BP and ADNOC have proposed to purchase 50% of NewMed Energy, an Israeli offshore natural gas producer, for approximately $2 billion. By making this offer, the companies are entering into Israel's expanding energy industry. The…
Deutsche Bank’s falling share price causing concerns among investors
On Friday, shares of Deutsche Bank, a German bank, plummeted by 14% at one stage, and other lenders also suffered significant losses. The FTSE 100 in London closed the day down by 1.3%, while stock markets in France and…
Saudi National Bank says its investment in Credit Suisse will not affect its growth plans or profits
Saudi National Bank, the biggest shareholder of Credit Suisse, has stated that the acquisition of the troubled Swiss lender by UBS will not affect its growth plans or profitability.
The Saudi…