The Abu Dhabi Investment Authority (ADIA) recently purchased $7.5bn worth of shares in Citigroup, the US's biggest bank in terms of assets.
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Economic Update | Bank Investment
22 Jul 2010
Economic Update | Budget Airlines
22 Jul 2010
The recent influx of low-cost airline operators into the Bulgarian market is good news for passengers, who benefit from cheaper fares and a wider range of destinations.
Economic Update | Islamic Banking Licence
22 Jul 2010
Last month, HSBC Bank Malaysia became the first locally incorporated foreign bank to be awarded a licence to operate an independent Islamic banking subsidiary in the country.
Economic Update | Getting Mobile
22 Jul 2010
The business news in Brunei recently had a Scandinavian feel, with the announcement that Sweden's Ericsson, the world's largest supplier of mobile phone network technologies, will soon be setting up...
Economic Update | Government Payday
22 Jul 2010
Sheikh Humaid bin Rashid Al Nuaimi, the ruler of Ajman, recently ordered a wage increase for all national and non-national government employees in the emirate, part of a federal directive to increase...
Economic Update | To Peg or Not to Peg
22 Jul 2010
Qatar is being pressed from several different angles to drop its currency peg to the dollar. During the recent Gulf Cooperation Council Leaders Summit in Doha, this was a hot topic of debate among...
