Egypt’s housing minister on Tuesday acknowledged “complications” in contract negotiations with the investment fund expected to lead development of a new administrative capital east of Cairo. Mustafa Madbouly declined ... Read More
Visa Inc., the world’s largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as ... Read More
A senior U.S. diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close ... Read More
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% ... Read More
The pressure is building on Vladimir Putin: Russia will be hit by a wave of bankruptcies unless it cuts interest rates very soon, a top financial official warned Monday. ... Read More
Messaging app Snapchat has raised its latest round of funding, $485.6m, which may value the US-based company at more than $10bn. The funding was revealed in a filing with ... Read More
Goldman Sachs has paid the highest bonuses to senior staff among banks operating in the UK, sparking outrage and leading to calls the firm must return to “planet earth”. ... Read More
The pressure on the rouble has eased a bit, so the Russian president will just keep on sticking two fingers up until something gives. There is no sign of ... Read More
DIEDC launches ‘State of Global Islamic Economy Report’ Dubai Islamic Economy Development Centre (DIEDC), in partnership with Thomson Reuters and in collaboration with the Dinar Standard, has launched the ... Read More
The chancellor, George Osborne, has set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall ... Read More
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