The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
G20 finance ministers and central bankers agreed on Wednesday to extend a moratorium on debt interest payments for the poorest countries, which could lag behind the global recovery from the coronavirus pandemic.
Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories.
The IMF on Friday proposed a $50 billion plan to end the COVID-19 pandemic, aiming to expand immunisation drives around the world, while vaccine firms pledged to supply billions of doses to poorer nations by the end of next year.
The Abu Dhabi Investment Office (ADIO) announced on Thursday individual partnerships with financial services companies Florin Court Capital (Florin Court) and Tribe Infrastructure Group
Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), Dubai Islamic Bank (DIB) on Thursday,
The latest PMI survey data pointed to a further expansion in the Saudi Arabian non-oil economy at the start of the third quarter. Output grew at a sharp pace, underlined by a robust increase in new business inflows.
Blue Whale Acquisition Corp I, a new special purpose acquisition company (SPAC) formed by Abu Dhabi’s Mubadala Capital, announced on Wednesday that it raised $200 million by offering 20 million units at $10 per unit. The units of the new entity targeting media, entertainment