Recent Posts

European equities aim higher before ECB move

  London / AFP Stock markets in Europe trod higher on Thursday ahead of an eagerly-awaited monetary policy decision by the European Central Bank. Frankfurt and Paris both rose 0.2 percent ahead of the interest rate call due at 1145 GMT, while London flatlined on news of steady retail sales for September. ECB chief Mario Draghi is likely to prep ...

Read More »

Qatar to weigh joining $100bn SoftBank tech fund

  Bloomberg Qatar is considering investing in the $100 billion global technology fund formed by SoftBank Group Corp. and Saudi Arabia, according to people familiar with the matter. SoftBank Chairman Masayoshi Son has visited Doha and other parts of the Gulf region in recent months to discuss investments with global investors, one of the people said, asking not to be ...

Read More »

Saudi fingerprinting scheme weighs on STC, Mobily

  DUBAI / Reuters Saudi Arabia’s two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7.5 percent drop in profit at market leader Saudi Telecom Co’s (STC) represented a continuation of an earnings slump which has now seen it report ...

Read More »
Send this to a friend