The Cypriot parliament, the EU and the IMF have agreed to a €10bn bailout after a tense week of negotiations. The deal will spare depositors from a controversial levy, but will force substantial losses for large-scale depositors in two of
March 2013
AT&T has recently released a set of commercials boasting its simplicity of use and widespread coverage. One of these commercials features a focus group of children in an elementary school classroom, sitting down at a minuscule table with an adult male reporter.
The year 2012 began with multiple headwinds for the Gulf Cooperation Council (GCC) markets, which raised concerns over provisions pertaining to the financial sector, corporate growth and profitability. The equity markets remained under the dark shadow of geopolitical situations which
First elected as Argentinian President in 2007, Cristina Fernández de Kirchner began her term riding a wave of popularity. The election wasn’t even close, with Kirchner winning 45.3 percent of the vote, over double that of her nearest rival. Her
Founded in 2007, Burj Bank – formerly known as Dawood Islamic Bank – has a distinguished history, spanning more than five years, as a central pillar of Pakistan’s Islamic Banking landscape. In 2011, Burj Bank’s board of directors became concerned
2012 was an eventful year, with the key global central banks announcing fresh stimulus measures, bringing in a much-needed respite for asset markets. Globally, economic data remained mixed, with pockets of strength in the US, while eurozone data was broadly
By the end of 2012, we at Boubyan Bank had completed the first three years of our Five-Year Strategy (2010-2014). The strategy has certainly realised many of its objectives; last year, we returned to profitability and were even able to
When George Stephenson invented the steam locomotive and then went on to build the Stockton and Darlington railway in 1821, he changed the way people and merchandise got around for good. Less than 100 years later airplanes were crossing the
He is due to commence talks with Greek Prime Minister Antonis Samaras today, with the two countries financial situations being the main point of discussion. Reports indicate that Anastasiades will be asking for Greece to provide €2bn from its €48bn
After last minute discussions failed to reach a consensus, the American Congress was unable to prevent a wave of unpalatable cuts coming into effect. President Obama has since signed off on the sequester, which will see over $85bn wiped from
