After Saudi Arabia closed its land border with Qatar and at least five Gulf-based airlines announced they will halt service to the desert peninsula nation, the rift between Qatar and other Arab nations intensified Monday. Saudi Arabia has developed a “Sunni coalition” in… Read More ›
Amid continued interest in the digital asset space and increased trade from Asia, ethereum, an alternative cryptocurrency to bitcoin, hit a fresh record high on Sunday. According to data from industry website CoinDesk, ethereum traded at an all-time high of $250.41… Read More ›
The FIA has called for market forces to determine the location of the euro clearing from its current London location. The Futures Industry Association, (FIA) an industry body, underlined the fact that forcing banks to shift the clearing of euro… Read More ›
The move aims to upgrade America’s ageing air traffic control systems which date back to world war two. However, the issue is not as simple as it appears …
May plans on creating a ministry for trade tasked with the sole purpose of boosting bilateral trade relations with “old friends and new allies”. On Monday, Theresa May’s Conservative Party has presented its post-Brexit scenario of setting up a network… Read More ›
Pointing to Doha’s ties to terrorism and the need to maintain national security, Saudi Arabia and three other nations broke diplomatic relations with Gulf Arab state Qatar on Monday. While the United Arab Emirates, Bahrain and Egypt cut ties with Doha on Monday, Riyadh… Read More ›
Big money investors, such as Singapore wealth fund Temasek, said they’re continuing to go green even though U.S. President Donald Trump pulled out of the Paris climate change deal. Going green was just good business, said Robin Hu, head of the sustainability… Read More ›
A split in between the members of the Gulf Cooperation Council will have serious repercussions around the Middle East. In an unprecedented development, the United Arab Emirates, Saudi Arabia, Bahrain and Egypt have accused Qatar of supporting terrorism and have… Read More ›
The Labour Party is fast catching up with May’s Conservative party. Resuming his election campaign after the London terror attacks, Jeremy Corbyn, Britain’s opposition leader, has stated Britain will need to have “difficult conversations” with Saudi Arabia and other Gulf… Read More ›
Goldman Sachs bought PDVSA’s oil bonds for pennies. As per a senior White House official, the Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government. The U.S. government stance may have… Read More ›
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