The Canadian dollar jumped to one-year highs against its U.S. counterpart on Wednesday after the Bank of Canada raised interest rates, making it the first major central bank to follow the Federal Reserve in tightening monetary policy.
USD/CAD was down 0.73% to 1.2822 by 10.20 AM ET, the lowest level since August 2016 from around...
By Tom Finn and John Irish
DOHA/PARIS- The United Arab Emirates warned Qatar on Monday that sanctions imposed by several of its neighbours could last for years unless Doha accepts demands which Arab powers plan to reveal in coming days.
Qatar, which denies accusations by its neighbours that it funds terrorism and foments regional...
By Davide Barbuscia
DUBAI - Bond prices across Gulf Arab nations weakened on Tuesday as foreign investors hesitated to buy, concerned that the diplomatic crisis surrounding Qatar would increase risks around the region.
Qatar's sovereign international bonds came under pressure, with its longest-dated paper – a bond maturing in...
United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Transport, Finance & Investment and Consumer Staples sectors led shares higher while losses in the Insurance, Telecoms and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General declined 0.30%, while the ADX...
Prices of Arab and foreign currencies in Iraqi dinars on Tuesday:
US $ 1 = 1,166.9000 Iraqi Dinar
IQD 1 = US $ 0.0009
Sell a hundred dollars price = 128.900 Iraqi Dinars
The purchase price of a hundred dollars = 127.900 Iraqi Dinars
1 euro = Iraqi Dinar 1,284.8492
IQD 1 = 0.0008...
By Tom Finn DOHA
Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, Gulf officials say. Britain cannot formally sign trade agreements while it remains a member of the European Union, but the British...
The region’s wealthy forecast flat or declining economic performance this year.
More millionaires in the Gulf believe regional economic conditions are worsening in 2017 than last year, according to a new report.
Emirates Investment Bank said that 44 per cent of 100 high net worth individual respondents to its Gulf Wealth Insight...
The company has targeted numerous mergers and acquisitions, including Dubai’s Shuaa Capital.
Bahraini Islamic investment bank GFH Financial said on Saturday it had appointed a new chairman and would focus on acquiring financial institutions, infrastructure investments and other strategic assets.
Sheikh Ahmed bin Khalifa...
He replaces Mohammed Abdullah Al-Gergawi, who resigned as chairman of Dubai Holding last month to focus on his government role.
Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has appointed Abdulla Al Habbai as chairman of state-owned Dubai Holding.
Al Habbai will take...