Economy
-
Two of UAE’s biggest banks beat estimates as economy boosts earnings
The two biggest banks in the United Arab Emirates posted a jump in annual profit, topping estimates, after the country’s…
Read More » -
India’s Adani Group says it’s exploring legal action against Hindenburg’s accusation
India’s Adani Group said it is exploring legal action against US investor Hindenburg Research after its report accused firms owned…
Read More » -
South Korean economy shrinks for first time since early 2020: Central bank
South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while…
Read More » -
Abu Dhabi’s largest bank FAB hires ABN Amro’s Lars Kramer as CFO
First Abu Dhabi Bank PJSC hired Lars Kramer from ABN Amro Bank NV as its chief financial officer, replacing James Burdett who…
Read More » -
Tesla shares rise by double-digits after Musk teases high production
Tesla Inc. shares rose by double-digits after Elon Musk teased potential for the carmaker to produce 2 million vehicles this…
Read More » -
UAE conglomerate IHC considering bid for stake in Adani Enterprise
UAE conglomerate International Holding Company is considering bidding for Indian billionaire Gautam Adani-led Adani Enterprises’ $2.45 billion (200 billion rupee)…
Read More » -
US safety board pulls up Ethiopia over Boeing 737 MAX crash report, crew performance
The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal…
Read More » -
Sri Lanka keeps interest rate at 15.5 percent as country awaits IMF loan
Sri Lanka kept its benchmark interest rate unchanged for a fourth straight meeting as Asia’s fastest inflation showed signs of…
Read More » -
Adani stocks drop after Hindenburg alleges ‘brazen’ fraud
Shares in Adani Group companies fell after well-known US activist investor Hindenburg Research LLC said it was shorting the empire’s…
Read More » -
Saudi Arabia expects financing needs to be around $12 billion in 2023
Saudi Arabia expects its financing needs to be around 45 billion riyals ($12 billion) this year, the National Debt Management…
Read More »