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Emerging markets

U.S. ignored evidence StanChart was serving sanctioned Iran groups: Whistleblower

by Adrian Jhonsan
U.S. ignored evidence StanChart was serving sanctioned Iran groups: Whistleblower

Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Recent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped …

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Categories World

Saudi Aramco begins massive share sale to raise around $12 billion

by Milton Acorn
Saudi Aramco begins massive share sale to raise around  billion

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 …

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Categories Science

Billions of dollars of African gold smuggled into UAE yearly: Research

by Adrian Jhonsan
Billions of dollars of African gold smuggled into UAE yearly: Research

A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty …

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Categories World

Turkish markets are ‘on the verge of a renaissance moment,’ Citi says

by Adrian Jhonsan
Turkish markets are ‘on the verge of a renaissance moment,’ Citi says

Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Investors who ran from Turkey in droves over the last several years may want to …

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Categories World

Emirates airline chalks record annual profit as travel demand booms

by Adrian Jhonsan
Emirates airline chalks record annual profit as travel demand booms

An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams …

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Categories World

Saudi Aramco upholds dividend despite drop in first-quarter profits

by Milton Acorn
Saudi Aramco upholds dividend despite drop in first-quarter profits

Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production. Net income for the three months up to March 31 came in at $27.3 billion, down …

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Categories Science

Presight buys majority stake in technology joint venture AIQ

by Ev Richard
Presight buys majority stake in technology joint venture AIQ

A view of the city skyline at sunset from Dhow Harbour in Abu Dhabi, United Arab Emirates, on Feb. 5, 2015. Dan Kitwood | Getty Images DUBAI — Abu Dhabi …

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Categories Technology

BlackRock to open a Saudi investment firm with $5 billion from PIF

by Adrian Jhonsan
BlackRock to open a Saudi investment firm with  billion from PIF

The BlackRock logo is displayed at the company’s headquarters in New York City on Nov. 14, 2022. Leonardo Munoz | Getty Images Asset manager BlackRock will launch an investment platform …

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Categories World

Dubai’s new airport will be five times the size of its current one

by Monica Lozano
Dubai’s new airport will be five times the size of its current one

Digital render of the planned entrance of Dubai’s Al Maktoum International Airport, set to be the biggest in the world upon completion. Dubai Media Office DUBAI, United Arab Emirates — …

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Categories Travel

Saudi Arabia says all NEOM megaprojects will go ahead as planned

by Adrian Jhonsan
Saudi Arabia says all NEOM megaprojects will go ahead as planned

Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. …

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Categories World
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