Allianz to achieve 2019 target after Q2 profit up 13.5%
The net profit of €2.14 billion on a revenue of €33.2 billion is much better than what was estimated by analysts...
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Singapore Airlines reports decline in profit by 21% for Q1
The net profit calculated for the first quarter of the year reportedly fell from S$120 mn a year ago to S$111 mn...
Dubai’s Introspect picks Northern Trust for brokerage solutions
Northern Trust will support Introspect Capital’s investment team to focus directly on portfolio management and business development...
Tour operator Vietravel to raise $30 mn in bonds to launch airline
The tour operator plans to issue non-convertible bonds to raise funds for the establishment of Vietravel Airlines...
Number of companies in Dubai’s financial hub rises by 11% during H1
DIFC has welcomed 250 new companies this year, with the number of registered firms now reaching 2,289...
If China is in Africa, can Japan be far behind?
Japan is out to grab a piece of the Africa development pie — and China is displeased. What does this mean for the continent?...
Chevron, Qatar Petroleum sign petrochemical deal worth $8 bn
Chevron will hold a higher stake in the project and be responsible for the facility’s operation...
Mideast port building: A clever neutrality is key
The Gulf Arab nations are building new ports by astutely leveraging their relationships with China and the US and without precipitating a conflict...
Asset-based financing is more popular than ever before
Asset-based financing in its various forms is still a lifeline globally for small enterprises that need funding in a matter of days...
Vietnam’s Vingroup in deal with Qualcomm, Fujitsu for 5G smartphones
The company’s Vsmart phones will be manufactured in Hanoi and are expected to be launched in April next year...