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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

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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

Economy

Saudi Arabia's Prince Alwaleed raises Twitter stake

Saudi Arabian billionaire Prince Alwaleed Bin Talal and his investment company have increased their stake in Twitter to more than five percent

Business Series

A painful Q3: global markets grim after worst quarter in years

In four years the financial markets have not hit seen such lows as they have done in third quarter of 2015. Successive declines hit global stocks

Business Series

Uncertainty over QE perturbs global markets

Global markets endured turbulent times last week amid uncertainty about monetary easing policies in the eurozone and Japan. ECB chief Mario Draghi

Economy

Fonterra profit up 183% despite dairy industry woes

The world’s largest dairy exporter and New Zealand’s largest company, Fonterra, has reported a rise in full-year profit of 183 percent. In the year

Business Series

Pulling the strings: central banks' impact on global markets

The Federal Reserve, Bank of of England and the People’s Bank of China. three central banks play a hugely influential role in the performances of the

Economy

Federal Reserve holds interest rates over global concerns

The US Federal Reserve has resisted the temptation to raise interest rates from zero percent. According to Fed Chair Janet Yellen recent global

Business Series

Stick or twist: the Fed's interest rate dilemma

The US Federal Reserve is facing different daunting scenarios ahead of its crunch meeting on interest rates. The countdown has begun to one of the

Economy

Japan shares bounce back after Tuesday's fall

Japanese stocks have soared, staging their biggest advance since the aftermath of the Lehman Brothers collapse in 2008. The Nikkei 225 jumped 7.7

Business Series

Impact of EU, US data on shaky global markets

At last week’s interest rate announcement the European Central Bank President Mario Draghi’s tone seemed unencouraging, his message hinting at

Economy

Future forecasts vary as oil continues slide

With even fewer signs that market oversupply is coming to an end, the price of oil continued to fall on Wednesday. To add to the furious pumping of

Markets

ECB to prepare fresh hit of QE for Eurozone?

The word is out that bearing in mind the shaky state of the Eurozone economy the ECB may be thinking about opening the money taps wider. Analysts

Markets

Oil price slump resumes as traders see slowdown compound glut

At the moment it seems to make more economic sense to store petrol rather than sell it, hoping for a price rise. But that looks unlikely as it is on

Business Series

Global markets' quest for stability after Black Monday

After global markets recorded sharp losses on the recent Black Monday a wave of cautious recovery saw them regain some of the largest losses since