In his annual letter to shareholders, the chief executive of JPMorgan Chase, one of the world’s largest banks, warned that the banking crisis triggered by the collapse of Silicon Valley Bank (SVB) and Credit Suisse is “not yet over” and could pose further risks to […]

Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced a surprise decision to cut output by 1.5 million barrels per day (bpd) in April. The move, which caught markets off guard, was aimed […]

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, has been dethroned as the world’s richest person by Bernard Arnault, the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate. According to Forbes’ annual ‘World’s Billionaire’s List 2023’ […]

UBS Group AG, Switzerland’s largest bank, said on Friday it had agreed to buy rival Credit Suisse Group AG for about $80 billion in a deal that would create a European banking powerhouse and end months of uncertainty over the fate of Credit Suisse. The […]

Clearwater International, a mid-market mergers and acquisitions (M&A) firm, has announced its merger with PhiDelphi Corporate Finance, a leading M&A advisory firm in the Netherlands. The deal will strengthen Clearwater’s presence in Europe and enhance its cross-border capabilities. The merger, which was completed on April […]

As the Middle East enjoys a remarkable IPO boom, Kyrgyzstan is emerging as an attractive destination for companies seeking to go public. With its array of IPO options, favourable regulatory environment, and access to the Central Asian market, Kyrgyzstan is well-positioned to become a hub for Middle Eastern companies looking to expand their reach and capitalize on the growing investment wave.

The International Finance Corporation (IFC), a member of the World Bank Group, announced on Tuesday the launch of a new initiative to increase access to trade finance for small and medium-sized enterprises (SMEs) in Africa. The initiative, called the Africa Trade Finance Program (ATFP), aims […]

The Federal Reserve raised interest rates on Wednesday for the ninth time in a row, signaling that it was more concerned about inflation than the turmoil in the banking sector that has rattled global markets. The Fed lifted its benchmark rate by a quarter percentage […]