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Economy

OPEC 'set to keep pumping oil' despite global glut

OPEC is determined to keep pumping oil despite the financial consequences on the policy’s main architect Saudi Arabia, according to Reuters. The news

Economy

Stocks fall as investors seek safety after Turkey downs Russian jet

European and world stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border, as investors became

Economy

Russian and Turkish markets slump after jet shot down

Russian stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border. The RTS index tumbled by as much

Business Series

'Abenomics' under scrutiny - Japan slumps back into recession

The Japanese economy shrank by 0.2 percent between July-September, Japanese government data showed last Monday. Several reports have suggested

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Economy

Pfizer-Allergen merger is also world's largest 'tax inversion' deal

Pfizer’s 150 billion-euro acquisition of Allergan is the healthcare industry’s biggest ever takeover, creating the world’s largest drug maker. The

Economy

Investors play safe amid security concerns

European investors are said to have been returning to safer assets as markets focus on international security issues in the wake of the Paris

Business Series

Middle East markets feel blowback from Paris and global fears

In this edition of Business Middle East we focus on the recent movements in the oil and stock markets. Due to conflicting global economic figures and

Business Series

No hurry to hike: pessimism from BoE on rates and OPEC on oil

The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest

Economy

Market flight continues as left-wing Portuguese government become more possible

Portugal's electorate sees the markets make their minds up about their votes, and money flees a possible Socialist-led left coalition coming into office

Business Series

Following the Fed: impact of rate decisions on global currencies

The US Federal Reserve continues to be indecisive over interest rates. After its latest meeting the Fed kept the interest rate unchanged, which led

Economy

Markets in Turkey surge after AK Party's election victory

Markets in Turkey have surged after the ruling AK Party’s clear victory in the country’s parliamentary election. By early afternoon the main index in

Economy

BA and Iberia owner IAG raises profit outlook

IAG, the new owner of Aer Lingus which also has the likes of British Airways and Iberia in its portfolio, has raised its profit outlook after third

Economy

Airbus to increase A320 production by 20 percent

Airbus has announced better-than-expected quarterly results, driven by its main planemaking division. The Toulouse-based group also says it’s to

Business Series

ECB meeting repercussions and Abu Dhabi's new challenge

Welcome to Business Middle East. This week we look at repercussions of the European Central Bank meeting, and Abu Dhabi starts a new challenge

Economy

Ferrari IPO races onto Wall Street

Ferrari briefly left the racing track behind on Wednesday to race to a new destination – Wall Street. Car enthusiasts will now be able to own a piece

Business Series

Egyptian pound devalues and death cross threatens the dollar

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

Business Series

Investors turn to precious metals as safe havens

Welcome to Business Middle East. This week we are taking a look at commodity prices. There is a ray of hope for the price of oil and precious metals

Economy

Partial sale of Poste Italiene is 'biggest privatisation in a decade'

Italy is launching its biggest privatisation in more than a decade with the partial sale of the national post office. The government is selling up to

Economy

Ferrari 'could push for 12 billion euro valuation' in IPO

Reports say Ferrari could be valued as high as 11 billion euros in an initial public offering later this month – up from its current 10 billion –

Economy

Deutsche Bank suffers record quarterly loss

Deutsche Bank has posted a record quarterly loss with a pre-tax figure of 6 billion euros. It’s another blow to German corporate pride coming on the