Monday 8 February 2016
 
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emerging markets

GIB’s emerging markets fund wins major award

Gulf International Bank (GIB), a Bahrain-based pan-GCC universal bank, has announced its Emerging Markets Opportunities Fund (EMOF) has won Credit Specialist award at Alternative (Alt) Credit Intelligence European Performance Awards held in Lond

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Emerging markets likely to see 4.3pc growth in 2016

Growth in emerging markets during 2016 will remain subdued, but should improve to 4.3 per cent compared with 4.1 per cent this year, a report said, noting that they will be under pressure at a time of US interest rate hikes. Emerg

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SITA wins ‘Best Airport IT Service Provider’award

Air transport IT specialist SITA has been named the ‘Best Airport IT Service Provider’ at the Emerging Markets Airports Awards (EMAA), held in Kuwait. This is the fourth time SITA has won this prestigious award, a stat

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SAS names general manager for Gulf and EM

SAS, a leader in analytics, software and services in the Middle East, announced the appointment of Marcel Yammine as the general manager for Gulf & Emerging Markets. In his new role, Yammine will be overseeing the company&rsqu

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Specialist funding key to EMs growth

Specialist financing might be the solution to boost the growth of emerging markets (EMs), which see a severe gap between the demand and supply of corporate funding, according to experts. The recently held sixth annual Falcon Group

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Global stocks end down as Fed holds rates steady

Stocks on major markets slipped on Friday and bond prices rose, pushing yields sharply lower, after the US Federal Reserve on Thursday clung to its near-zero interest rate policy with global economic growth slowing. Stocks and cur

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GCC capital flow into Saudi Arabia on the rise

The opening of the Saudi Stock Exchange to foreign institutional investors in June has contributed significantly to the direction of private capital flows in the GCC region, a report said. The sixth annual Middle East Asset Manage

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Asian shares fall for 3rd day on global growth fears

Asian shares fell for a third straight day on Wednesday as weak manufacturing reports from China, the US and Europe fuelled worries about slowing global growth, while the safe-haven Japanese yen firmed as investors unwound carry trades.

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China jitters send stocks tumbling

World stocks and commodity prices tumbled on Tuesday, as poor Chinese data saw fears about its economic health intensify. After a few upbeat days for world markets, concern about China revived after surveys showed its manufacturin

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Investors 'upbeat' over Dubai property market

More than 60 per cent of investors expect Dubai’s real estate market to grow over the next 12 months, a report said ahead of Cityscape Global, the Middle East’s largest property showcase, opening in the Emirate next week.

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