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Saudi central bank raises key interest rates ahead of US

Saudi Arabia preemptively raised its key interest rates on Thursday ahead of an expected tightening by the Federal Reserve. The kingdom increased its repurchase and reverse repurchase rates by 25 basis points each, to 225 and 175 basis points respectively, the Saudi

Mario Draghi: ECB to end bond buys when inflation reaches target

On Wednesday, European Central Bank President Mario Draghi said that the bank’s policy will remain cautious despite it being more confident on the future path of inflation and that the bank will end asset buy program only when price growth moves toward its

From Dubai to Doha, Middle East’s Biggest Banks Plans to Increase Foreign Investment Limit

Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. Even in Qatar, where banks

Asia’s biggest exporters shocked over US tariffs, posing trade war fears

Major Asian nations reacted sharply on Friday to U.S. President Donald Trump’s decision to impose tariffs on steel and aluminum imports, warning of damage to relations amid industry calls for retaliation. While U.S. steel prices surged, the protectionist measure saw stock

Euro escalates despite far-right making big gains in 2018 Italians elections

The Italian election 2018 was mainly between the populist Five Star Movement (M5S) and the anti-immigrant, Eurosceptic Northern League were controlled to make sweeping gains in the general election. This fight is evident in the latest election result maps, where the vote between

Kuwait Stock Exchange Plans IPO in Q1-2019

Kuwait, which was classified as an emerging market by index provider FTSE Russell in September, plans to sell a stake in its stock exchange in the first quarter of 2019. CEO of Boursa Kuwait, Khaled AbdulRazzaq Al Khaled said, about two to

Samsung Launches Galaxy S9 and S9+ with focus on social media

On Sunday, Samsung Electronics Co Ltd unveiled its flagship Galaxy S9 smartphone with an emphasis on visual applications for social media, hoping to attract tech know-how young consumers to weather a market slowdown. Samsung launched the S9 in Barcelona, The new

AirBnB is offering new services targeting wealthier travelers

Rather than just searching for a home on Airbnb and flipping through the photos or reviews, Airbnb announced a new additions to their home booking system, including new tiers that are aimed at higher-end customers, called Airbnb Plus and Beyond by

After General Motors plans to shut down in South Korea, GM offers 2.2 billion debt-to-equity swap for Seoul Support

General Motors (GM.N) has proposed investing USD 2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday.   Last week,

When will IPO for Saudi Arabia oil giant Aramco be executed?

Saudi Aramco, a private company owned by the Saudi government, is aiming for an IPO that could raise about USD 100 billion and attract a valuation in the range of USD 1 trillion to USD 2 trillion this year. But the