Industry

Arab Spring repercussions reported by HSBC

HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.


A one day-old startup may sell for USD1 billion in the near future- TheNextWeb founder

TheNextWeb co-founder Boris Veldhuijzen van Zanten was confident in early-stage startups achieving entrepreneurial success in as short as a weekend or one day.

New guidelines for spectrum sharing to be issued by the Indian government

Upon the recommendation of the Telecom Regulatory Authority of India, new guidelines for spectrum sharing would be imposed by the Telecom Commission.

Vitol SA's debt rates same as Glencore negotiated rates

Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.


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The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
The International Monetary Fund pegged the 2014 growth of the GCC at 4.4%. The International Monetary Fund had announced the increase of its forecasted economic growth for the GCC to 4.
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
Saudization, according to GSC Secretary General Marwan Zabidi, is a unachievable goal because of the lack of support structures for its realization.
The US shutdown and its eventual break in the deadlock has been hoped by many countries as the effect has reached other bourses.
Identified as an integral part of US interests in Asia, the Trans Pacific Partnership is being outlined between the US and eleven other countries.
As the budget deadlock continues, the stock market's fear index is rising and many investors are preparing for future stock volatility.
Obama, in an interview with the Associated Press, said he expects Congress to reopen government and increase debt ceiling before the October 17 deadline.
FINRA, in its oversight powers, is contemplating the imposition of a requirement of having insurance to cover payouts should the brokerage firm fail.
The UK Civil Aviation Authority had recommended a cap on price increases, much to the chagrin of the Heathrow investment group.