Sunday 28 August 2016
 
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UK markets shudder after Brexit vote, sterling hits 31-year low

Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis on Friday as Britain's shock vote to leave the European Union sparked turmoil on global financial market

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Sterling plunges to 31-year low, as UK votes Brexit

British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union. Bonds also sold

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Oil falls on weak US stocks draw, Brexit fear

Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell less than expected and concerns over Britain's future in the EU weighed.

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Air Arabia named 'Best low-cost airline in the Mideast'

Air Arabia, the Middle East and North Africa's largest budget carrier, was named “Best Low-cost Airline serving the Middle East” at the Business Traveller Middle East Awards 2016, held recently in Dubai. The airlin

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Saudia unveils new low cost airline

Saudi Arabian Airlines (Saudia), the kingdom's national carrier, has announced the launch of a new low cost service, said a report. The new airline, which has been named Flyadeal, will  serve both domestic and internation

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Gulf's bond market improves as panic over oil fades

Two issues in the Gulf's international bond market this week showed a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remained extremely sensitive to pricing.

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Bahrain’s austerity moves to save $2bn

Austerity measures adopted in the face of low oil income are estimated to save Bahrain’s government BD813.8 million ($2.14 billion) by the end of 2018, according to Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa in a report in the

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GIB offers low volatility equities

Gulf International Bank (GIB) is offering low volatility and protected strategies on global and regional equities.   In the last few years, markets have suffered from bouts of elevated volatility and large swings

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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