By Andrew Torchia and Davide Barbuscia DUBAI, June 18 – Qatar’s riyal is being quoted weaker than its peg against the U.S. dollar as Doha grapples with a diplomatic crisis, but that is the result of poor liquidity in the currency market rather than a serious threat to the peg, bankers in the region say.
By Sanjeev Miglani and Amlan Chakraborty NEW DELHI, June 18 – Television advertising rates for Sunday’s cricket final between India and Pakistan are 10 times the normal price, industry sources said, as millions of fans are expected to tune in for a clash that last time ranked among the six most-watched sporting events. Pakistan, the
DUBAI, June 12 – Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He added that the countries which had imposed sanctions would also lose money because of the damage to business in the region.
• On June 7, 2017, S&P lowered its long-term sovereign credit rating on the State of Qatar to ‘AA-‘ and placed it on Credit Watch with negative implications. In S&P’s view, the moves by a group of governments to cut diplomatic ties and trade and transport links with Qatar will exacerbate the country’s external vulnerabilities
By Ali Janoudi and Simon Smiles In 2017, Middle Eastern investors will confront a world marked by policy shifts and a rising likelihood of reflation. In certain respects, the Middle East itself has also contributed to this trend. Coupled with potential fiscal stimulus in the U.S., OPEC’s decision to cut oil output for the first
Saygin Yalcin is a German entrepreneur of Turkish descent. He is the founder and CEO of SellAnyCar.com, and a partner at one of the region’s leading e-commerce company Souq.com Group, which was recently acquired by Amazon for $650 million. But that’s not all. Yalcin made headlines after he gifted a $250,000 Rolls Royce to Kendall Jenner last year on
BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses
By Tim Hepher and Sami Aboudi PARIS/DUBAI, Dec 11 – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran’s 1979 Islamic revolution.
ISTANBUL, Dec 4 – Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government’s latest effort to shore up the tumbling lira. In a speech to flag-waving crowds in the central city of Kayseri, Erdogan also said that Prime
DUBAI, Dec 3 – Iran’s supreme court has upheld the death penalty against Iranian businessman Babak Zanjani for corruption, the judiciary said on Saturday, a sentence critics say will mask the identity of senior officials who supported him. By his own account, Zanjani had for years helped circumvent sanctions by arranging billions of dollars of