Britain unveiled a 30 billion-pound ($39 billion) stimulus plan to help the economy as it faces the risk of a coronavirus recession, hours after the Bank of England (BoE) slashed interest rates in a double-barrelled response to the crisis.
Sterling fell to a three-month low on Monday even as most COVID-19 restrictions in England were lifted, as a cautious tone in global markets meant riskier currencies lost out in favour of the safe-haven dollar.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
Porsche AG shares made a strong start on Thursday after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) in Germany’s second-biggest market debut.
AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the arrival of the first international shipment at Mugharraq Port,
As part of its endeavours to strengthen cooperation frameworks in tax matters, protect taxpayers from double taxation, and avoid impeding the flow of trade and investment,
The IPO saw Salik offer 1.9 billion ordinary shares, representing 24.9 per cent of its share capital, at a price of Dhs2.00 per share, implying total gross proceeds of over Dhs3.7 billion ($1.0 billion) and a market capitalisation of Dhs15.0 billion ($4.1 billion1).