Global news and insight for corporate financial professionals
Israel’s Economy Ministry calculates that the normalization of ties could increase exports to the UAE to US$300 million to $500 million annually while according to Moody’s Investors Services, UAE investments in Israel could reach US$350 million a year.
Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.
Akulaku's ambitions are not limited to the Indonesian market it dominates.
German fintech Wirecard collapses amid fraud allegations.
Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability.
The new prime minister’s resolve to tackle runaway government salaries faces an early test.
In an announcement on April 13, SoftBank cited a “deteriorating market environment” as the explanation for the abysmal results at its $100 billion Vision Fund.
The postponing of major global events such as Dubai’s Expo 2020 and this year’s Tokyo Olympic Games will hit host economies hard.
A new IMF funding package and anticipated economic reforms offer a ray of hope for the kingdom’s battered economy.
A sluggish economy, high debt burden and tensions among its neighbors challenge the new leader’s ambitious development plans.
Russia and Saudi Arabia are boosting oil output at a time of falling demand.
Airlines across Europe, the US, Middle East and Asia slashed capacity and mothballed aircraft in a bid to stave off bankruptcy.
Experts are questioning the structure and true purpose of Indonesia's new sovereign wealth fund.
UAE may become an even bigger player in the gas markets in the near future.
Guyana may soon become one of the top 10 oil producers in the world.
President Trump replaces NAFTA with a new trade agreement.
Blockchain is making inroads with mainstream financial institutions.
Sri Lanka's new president may be a strong man, but can he strengthen the economy?
Another real-world use for blockchain.
World economic growth is increasingly driven by Brazil, Russia, China and India.
The Arab Spring continues in Algeria.
Putting the war-ravaged country back together will cost $400 billion. With Assad still in power and US sanctions still in place, who will foot the bill—and reap the benefit?
Iraq’s new government must push reconstruction forward, pull in new foreign investment and produce results for a battered population. Its time is limited.
As the region’s oil-and-gas dominance faces new challenges, the monarchies are betting that foreign capital will help carry their economies into a more stable, diversified future.
Nations compete for foreign direct investment.
Smartphone-only bank makes a splash in the US.
OPEC is trying to bolster oil prices but Gulf economies will take a hit from a production cut.
China's rise is contested by other powers.
IBM makes a bold move.
Blockchain technology is going mainstream.
Microlending boom goes bust.
Enticing foreign investors is urgent for the suddenly reformist Saudi government. But will it push economic reform far enough, fast enough?
Abraaj's collapse raises fresh questions about transparency and regulatory norms in the UAE and broader Middle East.
Tech innovator's career trajectory shows ingenuity isn't without risk.
China may soon have to tap foreign investors to help fund its ambitious Belt and Road Initiative. Can it ease their skepticism about the project?
Malaysian election may mean near-term volatility in economic policy and performance.
As Asia ditches cash for digital wallets, more citizens are able to join the financial economy—and they are delighted.
Egypt's new sovereign wealth fund is not all it's cracked up to be.
Southeast Asian nations are benefiting from the return of global growth, with more room to grow capacity and exports—even as wages trend upward.
While enjoying robust growth and launching big infrastructure plans, The Philippines face potential inflation and growing trade deficits.
Yi Gang's appointment as governor of the People’s Bank of China a sign of policy continuity.
Beijing's top central banker is retiring. With no successor named yet, the rumor mill starts churning.