Wednesday 16 April 2014

UK investors in call to banks

British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets. The Association of British Insurers (ABI) - whose members manage assets worth a quarter of t


$2 trillion global growth ‘possible despite threats’

Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over Russia's actions in Ukraine. Finance ministers and centra


UAE foreign direct investment to hit $14.4bn in 2014

The foreign direct investment (FDI) in the UAE reached $12 billion in 2013 and is projected to grow 20 per cent in 2014 to hit $14.4 billion, according to a report. The estimated growth rate in 2014 would represent a 260 per cent increase over 2008, which not only demonstrates fu


Qatar inflation edges down to 2.6pc in March

The annual inflation in Qatar, the world's biggest LPG exporter, edged down slightly to 2.6 per cent after a 2.7 per cent increase in the previous month and a 3.6 per cent jump over the previous year, said a report. The rents and energy costs, which account for more than 32 per cen


Bold reforms in Arab states in transition needed: IMF

Arab Countries in Transition must pursue bold economic policy reforms to achieve economic stability and generate job-creating growth in the region, an IMF study has said. The study, entitled “Toward New Horizons—Arab Economic Transformation Amid Political Transitions,


Bahrain to target key markets in trade push

Bahrain will target key markets this year to cash in on the country's competitiveness, it was revealed at an Economic Development Board (EDB) meeting. The meeting was chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, Fir


Israel imposes sanctions against Palestinians

Israel has imposed economic sanctions against the Palestinians in retaliation for their leadership signing international conventions, moves that further complicate US efforts to keep peace talks from collapsing before an April 29 deadline. An Israeli official, speaking on conditi


Entrepreneurs pillars of growth: expert

Entrepreneurs are the pillar of economic growth and play a cruicial role in investment opportunities creation in the GCC region, said a senior executive.   Speaking at the CFA Institute’s ‘Middle East Investment Conference,’ which concludes tod


Mubadala hires six banks for Eurobond issue

Abu Dhabi's Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources. The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC and National Bank of Abu Dhabi to manag


Android botnet 'targeting ME banks’

Sandroid, a new botnet targeting the online bankers in the Middle East, has till date infected more than 2,700 Android smartphones and has intercepted at least 28,000 text messages of the users who bank at financial institutions in the Middle East, said an expert. The crude yet r

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