Markets

Deutsche Bank’s subsidiary, Deutsche Bank Securities Inc., recently agreed to pay a $4 million civil penalty following the US Securities And Exchange Commission’s (SEC) charges for not filing the Suspicious Activity Reports (SARs) within a period of time designated by...

Jefferies LLC, one of Wall Street’s heavyweights, recently settled with the Financial Industry Regulatory Authority (FINRA) and several exchanges over the allegations regarding the company’s failure to meet regulatory requirements between January 2018 and September 2022.  The settlement has obligated...

Banco Davivienda, a prominent Colombian financial institution under Grupo Bolívar, is reportedly negotiating the acquisition of Scotiabank's operations in Colombia and Central America. This potential transaction aligns with Scotiabank's strategic shift towards focusing on developed markets, as outlined by President...

In response to a prolonged downturn in the real estate sector, Chinese authorities are enlisting the support of banks to inject liquidity into stalled housing projects and reduce mortgage rates, aiming to restore stability and confidence in the property market....

Turkey has announced an ambitious $14 billion development initiative to uplift its predominantly Kurdish southeastern region, a historically underdeveloped area that has endured decades of conflict and economic disparity. The plan, which spans multiple sectors, seeks to close the economic...

The global edible oil market is experiencing a notable upswing in prices, driven by tightening supplies and policy changes in key producing countries. This trend has significant implications for import-dependent nations like Pakistan, where consumers are beginning to feel the...

In a strategic move to invigorate its agricultural exports, Russia has announced a reduction in export duties on peas, chickpeas, and lentils. Effective January 1, 2025, the export duty for these pulses will be set at a fixed rate of...

Qatar's energy sector is experiencing unprecedented growth in 2024, marked by ambitious projects aimed at boosting liquefied natural gas (LNG), petrochemical, and renewable energy production. These advancements align with the Qatar National Vision 2030, positioning the nation as a leader...

Internal communications within the World Bank have revealed staff concerns regarding the accuracy of a joint Debt Sustainability Analysis (DSA) conducted with the International Monetary Fund (IMF) on Ethiopia's financial status. The critique, detailed in a memo by World Bank...

Poland's Deputy Finance Minister, Artur Soboń, has emphasized that investment will be the primary driver of the country's economic growth in the coming years. Speaking at a recent economic forum, Soboń outlined the government’s strategy to boost GDP through increased...

The University of Doha for Science and Technology (UDST) has announced the launch of seven new academic programs for the Fall 2025 semester, including Qatar's first Bachelor of Science in Aeronautical Engineering (BSc AeroE). These programs, ranging from bachelor's to...

Commercial Bank has been honored with the 'Best Bank for Corporate Social Responsibility (CSR)' award in the Middle East by World Finance, acknowledging its dedication to creating lasting social value through initiatives in environmental sustainability, community development, and employee well-being....

Following the recent overthrow of President Bashar al-Assad by Islamist rebels, Syria's acting finance minister, Riad Abd El Raouf, is confronting significant economic hurdles. Appointed by Assad in September 2024, Raouf, 49, is the sole member of the former regime...

The World Bank has revised its projections for China’s economic growth, signaling optimism for the country’s recovery prospects. The updated figures suggest the economy will grow by 4.9% in 2024, an improvement from the earlier forecast of 4.5%. For 2025,...

OpenAI stated that it will change to a new for-profit setup. The company will build a public benefit corporation to run its business operations, eliminating some rules from its nonprofit setup and allowing it to act more like a fast-growing...