Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects.

As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting and sexual violence -- property owners in Cairo saw an opportunity. Inflation in Egypt hit a record high of 36.8 percent in June, and the pound has lost half its...

Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears about its solvency, which prompted a massive bailout orchestrated by the Swiss government. UBS chief executive Sergio Ermotti had warned earlier this month that the coming months were likely to be "bumpy", saying the merger...

The coming months are likely to be "bumpy", warned UBS chief Sergio Ermotti on Friday, adding the integration will come with "waves" of difficult decisions, particularly regarding employment. The country's leading bank UBS was forced into a marriage to prevent its rival from going under, but it hasn't waited for...

On average, a soldier used to earn about $800 a month before the crisis, but the value of the Lebanese currency, the pound, has since crashed and salaries are now worth around just $100. Since June last year, Qatar and the United States have announced millions to help prop up...

Keeping the Swiss banking division as an independent unit appeals to many in Switzerland -- particularly as it could prevent mass layoffs in the important banking sector. Together, the two banks employ 120,000 people worldwide, including 37,000 in Switzerland.

Koerner will be the only executive from Credit Suisse to remain on board after the bank is absorbed by UBS. The Swiss government strongarmed UBS into buying its rival for $3.25 billion after the collapse of three US lenders in March raised concerns about Credit Suisse's own financial health following...

The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs that surged after Russia invaded Ukraine. But there is debate about whether the ECB will opt for a 50-basis point hike -- as it did at its previous three meetings...

Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank and the financial regulators FINMA. The UBS annual general meeting comes the day after Credit Suisse held its stormy final AGM.

The annual general meeting of UBS is being held in the St. Jakobshalle indoor arena, famously the stomping ground of Swiss tennis great Roger Federer - Credit Suisse's top brand ambassador. The meeting will see Dutch chief executive Ralph Hamers bow out. Once the AGM is over, Sergio Ermotti returns...

Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its depositors -- along with those of Signature Bank -- would have access to their money. But officials were quick to add: "No losses will be borne by the taxpayer."

Treasury Secretary Janet Yellen said the government wants to avoid financial "contagion" from the SVB implosion, as it ruled out a bailout. With the bank's future, and its billions in deposits up in the air, officials from the three agencies, The Fed, the Federal Deposit Insurance Corporation (FDIC) and Treasury,...

Lebanese Banks Association is demanding a capital control law that would enshrine informal restrictions on withdrawals in hard currency and Lebanese pounds.

Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost the Kingdom's economy further.

Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken the institution, saying the results were intended to create "a simpler, more focused and more stable bank".

Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated shortages of subsidised flour, sugar and other basic goods in recent months. The North African country is years into a grinding economic downturn exacerbated by inflation that hit nine percent...

Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael industrial district where the toxins remain trapped by a nearby mountain chain. Zeina, aged 40, says she lost her younger sister and a cousin to pulmonary fibrosis and that two...

Lebanon is grappling with an unprecedented financial crisis, branded by the World Bank as one of the planet's worst since the 1850s.

Federal Reserve Governor Christopher Waller on Saturday threw his support behind another large interest rate increase next month. The Fed on Wednesday announced the biggest hike in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points to rein in scorching inflation.

Lebanon said Friday it will resume appointments to issue and renew passports next week after suspending such bookings in late April due to supply shortages that sparked nationwide alarm.

Lebanon headed to the polls today for its first election since multiple crises dragged it to the brink of failed statehood, with the ruling elite expected to comfortably weather public anger. The parliamentary election is the first test for opposition movements spawned by an unprecedented anti-establishment uprising in 2019 that...

More than two years into a financial crisis that has seen the local currency lose 90 percent of its value, the reputation of Lebanese lenders has been shredded.

Mattarella has already served a tumultuous seven-year term, during which he has sought to be a unifying figure through five different governments and the devastation of coronavirus.

The agreement signed by Energy Minister Walid Fayad with his Jordanian and Syrian counterparts is expected to give Lebanon two extra hours of mains electricity a day, doubling the supply currently provided by the cash-strapped government.

A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's central bank governor Riad Salameh, a judicial source said on Thursday. Salameh is among the top Lebanese officials widely blamed for the country's unprecedented financial crisis that the World Bank says is of...

President Michel Aoun has called for national dialogue on matters including a defense strategy.

The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with 18 percent unemployment and debt verging on 100 percent of gross domestic product.