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Restored Saudi perks seen helping economic reforms

Restored Saudi perks seen helping economic reforms

The decision by Saudi Arabia’s King Salman to restore cuts to financial allowances for civil servants and military personnel is being seen as helping the kingdom avoid recession this year, while smoothing the path toward economic reforms.

Nakilat posts Q1 net profit of QR191.35mn

Nakilat posts Q1 net profit of QR191.35mn

Nakilat has earned a net profit of QR191.35mn on QR877.54mn total income, translating into earnings-per-share of QR0.34 at the end of first quarter ended March 31, 2017.

Investors push for more info on lobbying at US companies

Investors push for more info on lobbying at US companies

Dozens of major US companies are facing shareholder votes this spring that seek to require more disclosure about political lobbying, as activists demand greater corporate transparency.

Wall St traders to adopt a cautious approach

Wall St traders to adopt a cautious approach

Hedging has become all the rage as investors seek cover ahead of national elections in France that could signal whether the country remains in the European Union.

Civil servants perk restoration boosts Saudi; Egypt falls

Civil servants perk restoration boosts Saudi; Egypt falls

Saudi stocks rose in heavy volumes yesterday as investors cheered news that King Salman had issued a royal decree restoring financial allowances for civil servants and military personnel, while Egypt fell steeply on profit-taking.

Saudi ‘take-off year’ promise attracts money from fund in Qatar

Saudi ‘take-off year’ promise attracts money from fund in Qatar

Saudi Arabia has attracted the attention of global investors and investment banks looking to benefit from the kingdom’s plans for economic transformation. It’s also drawing regional money.

IMF seen signalling preference for higher Egypt borrowing costs

IMF seen signalling preference for higher Egypt borrowing costs

Interest rates and fiscal measures are among the tools Egypt could use to control one of the highest inflation rates among emerging markets, a senior International Monetary Fund official said, creating speculation the Washington-based lender is recommending higher borrowing costs.

China’s looming quota threat charges up electric-car market

China’s looming quota threat charges up electric-car market

China’s electric-car market is already the world’s biggest, but a government proposal to introduce “new energy” vehicle quotas for automakers is further charging it up.

Trump’s infrastructure plan a boon for iron ore, says Cormann

Trump’s infrastructure plan a boon for iron ore, says Cormann

US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said.

Growth outlook keeps improving, says Philippines central bank chief

Growth outlook keeps improving, says Philippines central bank chief

The Philippine central bank governor Amando Tetangco said the outlook for economic growth continues to brighten, though there are uncertainties such as concerns about US trade policy.

Rupee runs into seasonality wall

Rupee runs into seasonality wall

The rally that’s made the rupee Asia’s best performer in the past three months is threatened as the Indian currency enters a seasonally weak period.

China has world’s hottest property stocks as tough steps fail to deter buyers

China has world’s hottest property stocks as tough steps fail to deter buyers

The world’s hottest property stocks are to be found in China as tougher measures to cool real estate prices fail to deter investors.

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