Saudi Arabia’s banks netted more than SR15 billion in the first five months of 2012 as lending continued to pick up and allow them to net one of their highest incomes through the year, according to official data.
Saudi Airlines Catering Co will commence trading on the Kingdom’s stock exchange on July 9, a bourse statement said, after completing a 30-percent initial public offering which was more than twice covered by investors.
The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent’s crisis over too much government debt.
The low-carbon products and services sector, often referred to as green business, could contribute 20 billion pounds ($31.16 billion) to Britain’s economy by 2015, the country’s leading business lobby said Thursday.
Ireland returned to short-term debt markets Thursday for the first time since before its EU/IMF bailout in November 2010, paying less for three-month paper than Spain which has avoided going to international lenders for a full sovereign rescue.
Spain managed to auction €3 billion ($3.8 billion) in medium-term debt Thursday, in the first such sale since EU leaders last week agreed to new measures to help financially weak countries, causing a rally in markets.
National Bonds Corporation, the leading Shariah-compliant saving scheme in the UAE, has announced the launch of a diverse range of Islamic insurance plans starting from 50 fils a day, the company said in a statement Thursday.
If you buy a pair of shoes on your credit card but don’t pay off the balance straightaway, those shoes will end up costing far more than the original sale price. Why? Because you haven’t factored in the cost of compound interest. How does interest work in general? If you are saving money in [...]
It is a tricky situation to be in when friends or family ask to borrow money. Ideally its best not to mix finances with a personal relationship but some of us find it difficult to say no. In such cases the smart thing to do is treat the exchange as a business transaction and avoid [...]