Saudi Arabia Archives - Financial Mirror

Islamic banks enjoy stellar profits, defy high interest rates

Distinct from recent bank blow-ups, Signature Bank and First Republic, some banks are doing extremely well in this high-interest rate environment. Their balance sheets are not riddled with low-interest-rate mortgages like most

21st October 2023

Business/Comment/Markets/Middle East/World

Greece, Saudi Arabia eye linking power grids

Greece and Saudi Arabia have agreed to set up a jointly owned company that will look at linking their power grids, taking the first step in their plan to supply Europe with

29th September 2023

Energy

Bond market selloff after BoE signals more tightening

By Edward Moya Wall Street is watching a global bond market selloff get uglier as US stocks wavered late Thursday ahead of massive earnings from Apple and Amazon. A lot of economic

4th August 2023

Markets/World

RBA delivers hawkish pause, Zuckerberg takes on Musk

By Craig Erlam Tuesday has been a relatively quiet session with the US bank holiday weighing on activity and those remaining having an eye on Friday’s jobs report. But the day hasn’t

4th July 2023

Markets/World

Manufacturing PMIs disappoint once more

By Craig Erlam We may be seeing a bit of a trading lull at the start of the week with Tuesday’s US bank holiday tempting many into an extended weekend. The economic

4th July 2023

Markets/World

Weak trade weighs on China exports, oil slips further

By Craig Erlam European indices and US futures look a little flat Wednesday following a mixed session in Asia overnight, as Chinese trade data failed to inspire, while Australian GDP pointed to

7th June 2023

Markets/World

Markets enter standby mode

Βy Lukman Otunuga, Senior Market Analyst at FXTM Asian stocks crawled higher on Wednesday, following the positive cues from Wall Street overnight after the S&P500 closed at its highest level in 2023.

7th June 2023

Markets/World

Services PMIs point to broader weakness, OPEC+ not as unified

By Craig Erlam A raft of weaker services surveys have weighed on sentiment in Europe at the start of the week, while Wall Street is more of a mixed bag. Investors are

6th June 2023

Markets/World

Cyprus-Saudi Arabia step up investments

Cyprus and Saudi Arabia have signed a Framework Cooperation Programme (FCP), boosting promotion investments between the two countries in areas of mutual concern. The FCP was signed on Saturday in Nicosia by

13th March 2023

Business

Ronaldo earns more in a year than Mbappé, Mo, Haland combined

Europe’s football superstars, like Cristiano Ronaldo, Lionel Messi and Neymar, have seen their bank balances skyrocket over the years, with annual records consistently broken thanks to jaw-dropping salaries and tens of millions

24th January 2023

Europe/Life & Society/World