Brexit

Silver Linings Playbook: Gulfside

Brexit’s rocked the boat. But for Gulf investors, there are other promising events on the horizon BY Tarek Fadlallah  So much for the traditional summer lull. The news flow over the past few weeks has been relentless and dramatic, with the potential to be epoch making. From an economic perspective and for those in the

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Brexit: England’s Own Goal

The business of European football faces an uncertain future post-Brexit BY Bilal Aziz Some say football and politics should never mix. Others say that football is political in its nature, but on English fans in Marseille, Brexit had evidently had an impact. As rowdy England football fans paraded their flags, bruises and scabs through Marseille

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Business Outlook: Oil Prices Are Low, But Not For Long

By Ole Hansen It is said that the best cure for a low price is a low price. This is an apt description for what’s happened in global oil markets these past couple of years. The raised risk of supply disruptions following the Arab Spring in 2011 triggered a three-year period where high but also relatively

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Iran’s Global Banking Problems Deepen With Rise of Trump, Brexit

By Jonathan Saul and Parisa Hafezi LONDON/ANKARA, July 31 – Britain’s vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralyzed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran’s push for foreign investment to revive its

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GlaxoSmithKline Invests $360 Mln in U.K. Despite Brexit Vote

By Ben Hirschler LONDON, July 27 – GlaxoSmithKline plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signalling its confidence in the country despite last month’s vote to leave the European Union. Britain’s biggest drugmaker, which had argued against Brexit before the referendum, believes the UK remains an

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