Japan PM Hopefuls Prepare Leadership Bids, Markets Recoil
Ruling party lawmakers in Japan prepared their bids to replace outgoing premier Shigeru Ishiba on Monday, as financial markets recoiled on the political…
Tag: FINANCE
Cyprus Talks to UAE over European Subsea Cable Project
Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region,…
Gold Poised for Best Week in Three Months; US Jobs Data on Tap
Gold rose on Friday and headed for its best week in three months, supported by growing expectations of a Federal Reserve rate cut…
World’s largest sports piracy site shut down by police
The world’s biggest destination for illegal streams of live sports events has been shut down, according to a leading anti-piracy group. The Alliance…
Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds, or…
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a…
Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the Chinese renminbi and…
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild inflation data, while…
Vision 2030 Boosted Saudi Arabia’s Ability to Reassess Spending
Saudi Arabia’s Ministry of Finance said the kingdom is now better equipped to reassess its spending priorities during times of economic uncertainty, crediting…