HSBC’s new gameplan: Investment banking retrenchment, more focus on Asia
LSEG data indicates that HSBC earned USD 107.3 million, or 7% of the total fee pool, in 2024, the highest amount of investment banking fees in the MENA region...
Tag : Middle East
12th Annual International Finance Awards: Dubai set for a spectacular showcase
To all the business talents poised for greatness, seize the opportunity to etch your name onto the illustrious winner board of the International Finance Awards...
Middle East: The real estate empire
Real estate symbolises national progress and reflects a country's economic aspirations...
OPEC slashes global oil demand growth forecast for 2025
The global demand growth forecast for 2025 was also lowered by OPEC to 11.4 million barrels per day...
Volatile Middle East ripple through global markets
The global inflationary impact of a Middle East conflict extends beyond energy prices...
Oman sees 10% increase in air fares, says ACI report
The UAE saw a 22% increase in fares, while Oman experienced a 10% increase...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries
The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
UAE retail giant Lulu sets IPO price range amid Vietnam expansion prospects
Lulu, as of October 2024, has an extensive supermarket chain network in over 23 countries, including the Middle East, Asia, and Europe...