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Fed’s Daly joins officials open to 75 basis-point interest rate hike in July

Fed’s Daly joins officials open to 75 basis-point interest rate hike in July

Another Federal Reserve official has lined up with those who favour following last week’s 75 basis-point interest-rate increase with the same again next month to curb rampant inflation.

Sorry Elon Musk, Hyundai is quietly dominating EV race

Sorry Elon Musk, Hyundai is quietly dominating EV race

Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co and Kia Corp.

Blackstone-led group provides $5bn of debt for Zendesk

Blackstone-led group provides $5bn of debt for Zendesk

A group of direct lenders led by Blackstone Inc is providing about $5bn of debt to help fund the leveraged buyout of software maker Zendesk Inc, according to people with knowledge of the matter.

CIBC’s Dodig pushes his strategy as recession fear hits banking sector

CIBC’s Dodig pushes his strategy as recession fear hits banking sector

In his eight years as chief executive officer of Canadian Imperial Bank of Commerce, Victor Dodig has turned the lender into one of the country’s fastest-growing banks. His next task is convincing investors the change will stick.

QIB wins 4 awards at MEED Mena Banking

QIB wins 4 awards at MEED Mena Banking

Qatar Islamic Bank (QIB) received four awards from the Middle East Economic Digest (MEED) Mena Banking Excellence Awards 2022 in recognition of its outstanding performance across retail and digital banking

Qatar-Germany trade exchange up 75% to reach QR11.2bn in 2021, says Sheikh Khalifa

Qatar-Germany trade exchange up 75% to reach QR11.2bn in 2021, says Sheikh Khalifa

Trade exchange between Qatar and Germany stood at QR11.2bn in 2021, up 75% over the previous year, according to figures announced by Qatar Chamber, which participated in meetings held recently in Berlin

QNB ranks first in Qatar; third on Forbes' list of top 100 companies in Middle East

QNB ranks first in Qatar; third on Forbes' list of top 100 companies in Middle East

QNB has ranked first in Qatar and third in the Middle East, on Forbes' list of the top 100 companies in the Middle East, leading the region's banking and financial services sector.

Islamic finance assets in Qatar grew 20% to QR629bn in 2021: Bait Al Mashura

Islamic finance assets in Qatar grew 20% to QR629bn in 2021: Bait Al Mashura

Islamic finance assets in Qatar grew 20% in 2021, reaching QR629bn, researcher Bait Al Mashura has said.

Asian markets climb as recession talk tempers rate hike expectations

Asian markets climb as recession talk tempers rate hike expectations

Asian stocks climbed yesterday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation and the growing possibility that those measures will induce a recession.

US recession unlikely and expansion is in early stage: Fed official

US recession unlikely and expansion is in early stage: Fed official

Federal Reserve Bank of St Louis President James Bullard said fears of a US recession are overblown, as consumers are flush with cash built up during the Covid-19 pandemic and the expansion is in an early stage.

US banks test cyber defences at Treasury’s direction

US banks test cyber defences at Treasury’s direction

With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the conviction that a cyberattack against even a group of minor banks - or a third-party service provider - could imperil everyone in a highly connected system.

Qatari businesswomen enhance their presence in financial sector

Qatari businesswomen enhance their presence in financial sector

At an accelerated pace, the participation of Qatari women in the financial and business sectors has increased during the past few years and expanded in all economic sectors, both traditionally and modernly, which has positively impacted the enhancement of their contribution to the national economy,

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