Government of Egypt continues to take simultaneous steps besides gathering funds to strengthen its economy. From the “$3 billion” Loan Programme that exists between the World Bank and Egypt, the former has just “disbursed another $1 billion” as “financial assistance” to the latter, revealed the...

For the global IPO of Saudi Aramco — widely predicted to be the biggest initial public offering in history, the New York Stock Exchange has emerged as the front-runner. But Riyadh could be discouraged from pursuing a U.S. listing, despite the commercial merits by political,...

New evidences suggest that Barclays failed to disclose the payment made to Qatari in the year of 2008 which could make the bank a subject of heavy fines. Barclays’ payment transaction made in the year of 2008 during an “emergency fundraising” coursing has again come under the investigative scrutiny...

ECB will not “authorize empty shells”. The “top supervisor” of the European Central Bank said that the banks based out of London wanting to continue maintain an access to the “European Union's single market” would need to shift their “key functions, branches and dealing operations” following the...

Evan Spiegel officially lost the status of the youngest billionaire in the world. His place was taken by Irishman John Collison, co-founder of e-payment service Stripe. Now, according to Forbes, he is the youngest member of the club of billionaires. The 26-year-old Collison is two months younger...

BoE’s forecast indicate rises in interest rates while Brexit decision weighs investors’ outlook. According to Ben Broadbent, the deputy governor of Bank of England, there is a possibility of a hike in the interest rates, while he continued highlighting a “strong sense of caution among investors”...

Doubts about whether markets would get the stimulus and the pro-growth policies of tax reform promised by President Donald Trump and the Republican Congress are being raised by them for the first time since the election.   Trump was brought out earlier Tuesday by the GOP to serve...

Just days after finance chiefs of the world's top 20 economies dropped their pledge for open trade, the European Central Bank reiterated the importance of open trade policy and said in a study that a country's trade deficit could get increased rather than decreased by any form of protectionist...

More than a year after hyperinflation struck Venezuela, the country’s authorities stopped publishing official data on inflation and the stock of money. Thus, they deprived the public of the latest and the best tool for determining level of price growth in one of the worst economies in the world. On...