Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $100 million financing agreement with the National Bank of Egypt (NBE) to boost trade and economic relations between the UAE and Egypt. The partnership solidifies the longstanding bond between the two nations and showcases their commitment to […]
For years now, stock traders have been getting so rich betting big companies will get even bigger that they’ve forgotten what a bubble looks like. They’re going to find out thanks to Nvidia Corp. So says Rob Arnott, renowned for his warnings on the dangers of bloated megacaps — and the designer of passive products […]
Investors in Britain dumped both stocks and bonds in August as they continued to opt for the safety of cash and money-market funds, according to data from fund network Calastone published on Tuesday. Funds focused on environmental, social and governance issues (ESG) also saw a fourth consecutive month of net selling, down 953 million pounds […]
Egypt’s state grains buyer bought about a half a million metric tons of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than those offered in the more traditional tenders. One of the world’s biggest importers of wheat, Egypt last year started shifting towards direct purchases instead of tenders […]
Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs note, just as bank stock prices began to rise. U.S. financial services companies including banks, trading firms and those working in capital markets were among the […]
The Asian Development Bank (ADB) has approved an $18.7 million policy-based grant for Maldives to help the country strengthen its fiscal management and create a pathway to restore fiscal sustainability over the medium to long term. The Strengthening Fiscal Management and Sustainability Program supports structural fiscal reforms until 2025 by focusing on domestic resource mobilization […]
The 23rd China International Fair for Investment and Trade (CIFIT) will take place in Xiamen, Fujian Province in southeast China, from September 8 to 11. Since the first CIFIT was launched in the city in 1997, the event has become one of the most influential international investment events in the world. Around 1, 000 business […]
It is hard to find a good deal on a German car these days. Most German car stocks, on the other hand, are selling for cents on the dollar. There are solid reasons for the discrepancy: weakening consumer sentiment, trouble in China, and the ever-mounting cost of catching up with Tesla TSLA 0.46%increase; green up-pointing […]
European shares rose on Thursday as financials received a lift from Swiss lender UBS’s decision to absorb Credit Suisse’s domestic bank, while investors braced for a barrage of key economic data due later in the day. The pan-European STOXX 600 advanced 0.3% to 460.6 points, shrugging off the initial uncertainty. Recent gains have helped the […]
(Jonathan Brady/PA) (PA Archive) Nationwide cut rates on its mortgages hours after a top Bank of England policymaker indicated that the bank’s interest rates may be cut but will remain high for a long time Once again cut. Nationwide slashed rates on its mortgages once again, hours after a top Bank of England policymaker indicated […]