Economy
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Saudi TV show offers glimpse into 2020 oil war with Russia
Saudi Crown Prince Mohammed bin Salman’s order to flood oil markets three years ago during a dispute with Russia ultimately gave the…
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UAE bank ADCB denies it is in talks to sell $3.7 bln of bad loans
Abu Dhabi Commercial Bank PJSC (ADCB) is not in talks with funds to sell 13.5 billion dirham ($3.68 billion) of…
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Turkey tightens rules on FX deposits in new move to support lira
Turkey’s central bank on Friday tightened regulations deterring banks from holding foreign currency as the lira comes under pressure. The…
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Ukraine credit rating pushed further into junk by S&P
Ukraine’s credit score was cut on Friday by S&P Global Ratings after the government unveiled a plan to restructure its…
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Russia-Ukraine war: Rouble tumbles to lowest in a year
The Russian rouble has suffered its biggest intraday fall of the year as it tumbled to the lowest levels against…
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Abu Dhabi Commercial Bank in talks to sell $3.7 bln of bad loans: Report
Abu Dhabi Commercial Bank PJSC (ADCB) is in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad…
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Zara, Bershka owner gets approval to sell Russian business to UAE’s Daher
Inditex SA, which runs the Zara and Bershka clothing chains, obtained approval to sell its business in Russia to Daher…
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Sterling hovers just below 10-month high, with focus on US job numbers
The pound hovered just below its highest level in 10 months on Thursday as investor focus turned to Friday’s US…
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Shares of UAE’s Al Ansari Financial Services up 16.5 percent on market debut
Shares in UAE-based currency exchange company Al Ansari Financial Services climbed 16.5 percent above its listing price on its market…
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UK employers lure Gen Z workers with ‘early finish Fridays’ amid staff shortages
UK employers desperate to recruit and retain Gen Z workers are increasingly offering “early finish Fridays in a bid to…
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