PARIS – The French economy is expected to contract 8% this year, the finance minister said on Monday, revising the governments outlook for the second time in a week. “We will have a growth forecast of …
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Covid-19 crisis: Time for Emirates airline to think again about a trip to the stock market
“Dubai Express!” I said excitedly. “That sounds like a post office,” he said … This subject has been rumoured and denied for the last 15 years – ironically since Arabian Business first called on the …
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Saudi Arabia May Tap Debt Market as Oil Output Cuts Hit Revenues: Sources
DUBAI (Reuters) – Saudi Arabia is likely to sell new international bonds soon as … “It is essential to keep this money in the local economy to maintain banking system stability. The Aramco IPO …
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UAE indexes lead global rally as spread of Covid-19 slows
The Dubai Financial Market jumped 5.54 per cent to 1,785 points … Saudi Aramco edged up 0.2 per cent to 32 riyals, hitting its IPO price. The Bahrain market edged up 0.2 per cent to 1,313 points, …
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Finablr appoints investment bank Houlihan Lokey as company considers options
Company says it is considering a debt restructuring, a capital raise or a potential sale of assets Customers at a UAE Exchange outlet in Dubai. Parent company Finablr … written by group companies …
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Mideast Stocks: Weak oil, recession fears pressure most Gulf stocks
Dubai’s main share index fell 2.9% … government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO). The privatisation drive is part of Vision 2030, a …
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Trump says he expects Russia, Saudis to cut oil production
FILE – In this Dec. 11, 2019, file photo, Saudi Arabia’s state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco’s initial public …
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From Local To International, Commission-Free Trading Platform TradeUP Rolls Out Hong Kong Stock Trading
TradeUP user growth continues to boom as the stock trading platform unveiled its latest offering of Hong Kong stock trading – an opportunity that lets users explore one …
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Former Trump adviser joins Saudi Aramco Board of Directors
Saudi Aramco has moved to strengthen its leadership team as the world’s biggest oil company faces a crucial period after its record-breaking initial public offering (IPO) last year. It announced the …
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Covid-19 ‘reveals the fragility of our financial system’
In over 30 years of doing this job I have never seen three simultaneous blows to the economy. I am again reminded of 2008, where small events like BNP Paribas closing their high-yield fund, Bear …
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Trump says oil-cut deal with Saudi, Russia to halt price rout
U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an …
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The winners and losers of the Covid-19 stock market crash
Vijay Valecha, chief investment officer at Century Financial in Dubai, says you might find opportunities in the most surprising places … you can invest in a spread of companies listed on the S&P500 …
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Breakingviews – Cox: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style themselves as international hubs … If these investments perform no worse than actively managed and hedge funds, a further …
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Expat workers in Middle East face uncertain future after Covid-19
chief economist at Peninsula Real Estate in Dubai. “Businesses will respond differently depending on their circumstances,” said Ali Al-Salim, co-founder of Arkan Partners, a consulting company for …
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OPINION: What will change after coronavirus passes?
It has enabled cities like Doha, Dubai, Istanbul and Abu Dhabi to style … If these investments perform no worse than actively managed and hedge funds, a further shakeout will be on the cards …
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UAE to boost strategic stockpile, waive visa fines over coronavirus
DUBAI (Reuters) – The United Arab Emirates will reinforce its stockpile of strategic goods and waive residency visa fines for the rest of the year in response to the coronavirus outbreak, its vice …
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Hedge Fund – Alden Global Capital
With offices in New York City, Dallas, Houston, Dubai, London and Mumbai, Randall Smith’s Alden Global Capital has grown to become a surprisingly big player in the media space, particularly in …
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