Lebanese banks’ subsidiaries, namely Bank Audi Syria, Bank of Syria & Overseas, Byblos Bank Syria, Bank BEMO Saudi Fransi, Sharq Bank, and Syria Gulf Bank recorded a sizeable SYP 6.35 billion annual contraction in net profits to around SYP 2.89 billion ($19...
"The UAE has experienced a shifting momentum of activity over the past decade with 2009 onwards being difficult years for the market...
BHP Billiton Ltd. BLT.LN -4.47% said its annual profit rose 23%, as it detailed plans to create a new company to house assets including nickel mines and aluminum smelters that would be listed on Australia's stock exchange. BHP reported a net profit of US$13...
The “gale of shale” is hitting the world with surplus energy. In 2000, shale was 2% of natural gas supply; in 2012, it was about 37%; and will be about 65% within the next two decades. America is poised for shipping out shale gas in liquefied form as net exporter of energy...
Though the foreclosure crisis has ended, millions of America are still trying to recover from it...
US stocks are overvalued. This is something that investors need to be aware of and that is what most sensible valuation measures say. Because history shows that buying investments when they are expensive usually means you end up with poor returns...
Gains in banking sector stocks raised Abu Dhabi's main index closer to a 10-week high during the week as investors held a benevolent view of the sector...
A Kenyan forex trader is petitioning the government to roll out rules governing the forex industry in order to shield participants from extortion by law enforcement officials...
There are several reasons to pay attention to Flowserve Corp. With a series of strengths and differentiating factors, the company's business model looks very strong. Diversification across various industries and geographic regions limit risk and maximize exposure to growth opportunities...
The world's top banks have backed the bulk of recommendations from regulators to reform the setting of the leading global currency benchmark following allegations of market rigging, making changes inevitable. The $5...
Recently there has been a lot of talk of Europe’s ‘recovery’. The medicine may have nearly killed the patient, but the hope was that spending cuts and political reforms would eventually turn French, Italians and Greeks into Germans...
The Reserve Bank's elevated rate structure may be painful in the short run, but will help in the long-term by containing inflation, Governor Raghuram Rajan said today...
Wall Street is always find new ideas to trade and invest. But some surprisingly simple and weird investments can give impressive results. In article by Bloomberg Markets Magazine, Devin Banerjee says about some of the strange but highest-performing investments in the past couple of years...
Economic activity in Japan plunged – GDP dropped by 1.7%. That’s the worst fall seen since the days of the financial crisis in 2009...
Fidessa group has announced that five Hong Kong-based brokers, including, ICBC International Securities, and Standard Chartered Securities (HK), will be using Fidessa for the upcoming Shanghai-Hong Kong Stock Connect (China Connect) link when it goes live in mid-October...
All that glitters isn't gold—at least for the investors who are eschewing the precious metal in favor of the companies that mine it. After years spent in the shadow of gold, miners are back in favor, driven by stronger earnings and cuts to mining costs...
The nascent growth of the Islamic financial industry in Africa is dominated by Islamic banking and Sukuk segments. The Islamic asset management and Takaful segments currently account for a small share, but offer considerable potential for growth in the near future...
The majority of those who keep an eye on world billionaires and their stories of success, undoubtedly know that there are also extraodinary women in the world, who managed to gather their wealth themselves. Not all of you, however, notice their extrodinary beauty behind the wealth...
“Our ratings on Arab Mediterranean banks have been dragged down since the end of 2010 by the deteriorating creditworthiness of their respective sovereigns, especially given the concentration of government paper that banks carry on their balance sheets,” said Standard & Poor's...
