LONDON: The long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favor recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt (...)
BASEL: Gulf economies will grow on average 4 percent this year thanks to elevated oil prices but Bahrain will underperform the others because of political turbulence, the head of the Arab Monetary Fund said on Sunday.
"Prices of oil at around $100 a (...)
BASEL: A spike in food and oil prices has made the threat of inflation more acute, leading central banks said on Monday, but they warned tightening of policy in response will not proceed at the same pace.
Jean-Claude Trichet, speaking as chair of (...)
LONDON: Global corporate mergers and acquisitions activity involving sovereign wealth funds rose to more than $12 billion in the second quarter with 33 deals completed, Thomson Reuters data showed on Monday.
Global announced M&A volumes involving (...)
LONDON: Africa's nascent sovereign funds are turning to Asia and the Gulf for a steer on how to manage resource revenues, a move that could shield wealth for the future and lure more attention from international investors.
But there is no simple (...)
LONDON: A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth, they are tapping the private sector for more capital.
Qatar, Bahrain, Singapore, Abu Dhabi (...)
BASEL, Switzerland: Some Gulf banks need more provisions to scrub themselves clean from problems from the credit crisis and their lending must become more prudent to avoid future bubbles, the head of the Arab Monetary Fund said.
Jassim Al-Mannai, (...)
DUBAI: Governments in Muslim nations in the Middle East and Asia are increasingly turning to Islamic finance to raise funds, giving a necessary but perhaps not sufficient shot in the arm for the $1 trillion industry.
Deeper liquidity is essential (...)
LONDON: Global corporate M&A activity involving sovereign wealth funds recovered sharply to $3.61 billion in the second quarter, although the figure is less than a fifth of the volume at the end of 2008, data showed on Friday.
According to (...)