Saturday, December 06, 2025
Today's News
Saturday, December 06, 2025
Today's News

Business

South African shares shrug banking crisis, rand slips

South African shares strengthened on Monday despite an international financial situation as financiers hurried right into safe haven source stocks, while the risk-sensitive rand deteriorated. At 1616 GMT, the rand traded at 18.5250 versus the dollar, 0.65% weaker than its previous close as risk-appetite subsided…
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Iraq renews deal to provide Egypt with 4 mln barrels of crude oil

Iraq's government accepted restoring a contract that will certainly allow the Egyptian General Petroleum Company (EGPC) to purchase 4 million barrels of Iraqi petroleum in June and August, the Iraq government said on Monday. EGPC will certainly acquire 2 million barrels in June and one…
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UBS to Buy Credit Suisse for Nearly $3.25B to Calm Turmoil

Swiss President Alain Berset said financial gigantic UBS is getting its smaller rival Debt Suisse for practically $3.25 billion in an initiative to prevent further market-shaking chaos in international banking Financial gigantic UBS is buying troubled opponent Credit score Suisse for almost $3.25 billion, in…
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UAE exchange house Al Ansari seeks up to $210 million in IPO

UAE-based exchange home Al Ansari Financial Solutions is looking to raise up to 772.5 million dirhams ($210.4 million) from a going public (IPO), it said on Thursday. Al Ansari, which last week revealed an intention to float 10% of the firm on the Dubai Financial…
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Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

Financial institution shares in Asia as well as Europe have dropped, regardless of confidences from the United States president that America's financial system is risk-free complying with the collapse of two United States lending institutions. The drops come after authorities moved to protect consumer deposits…
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Rishi Sunak announces £5bn extra defence spending during US trip

Rishi Sunak has actually vowed to enhance protection investing by nearly ₤ 5bn over the next two years to counter emerging dangers from hostile states. The funding boost will certainly be validated in a new UK international and also safety and security technique, to be…
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UAE withdraws bid for 2026 World Bank-IMF meetings in favour of Qatar

The United Arab Emirates (UAE) has actually withdrawn its proposal to host the 2026 Globe Bank as well as International Monetary Fund meeting and will certainly rather support Qatar as a prospective host, the office of Qatar's emir and the UAE's state news firm said…
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South Africa current account deficit at 2.6%/GDP in fourth quarter

South Africa's bank account balance switched over to a deficiency of 2.6% of gross domestic product in the last quarter of 2022 from a little excess in the 3rd quarter, central bank information revealed on Thursday. In rand terms the bank account deficit for the…
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Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out

Greg Becker, President and CEO of SVB, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, The Golden State, U.S., May 3, 2022. REUTERS/Mike Blake SVB Financial Team (SIVB.O) rushed on Thursday to assure its equity capital customers their money was risk-free after…
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Do not mix new UAE tax residency rules with that of corporate tax

Staying under 90 days in UAE as well as doing business still makes individual liable for CT. By now you have to have listened to or reviewed of the UAE's Business Tax obligation laws as well as Tax obligation Residency Policy (TRR). Both make use…
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YouTube says that Australia’s new law to ban children under 16 from using social media has been made too quickly and will actually make the internet less safe for kids.…
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Walt Disney Animation’s Zootopia 2 and Universal’s musical film Wicked: For Good gave movie theaters…
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‘The Witcher’ Season 4 Faces Harsh Criticism from Fans and Critics
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Season 4 of The Witcher, which replaces Henry Cavill with Liam Hemsworth, is getting a…
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