While experiencing a 7% surge in revenue, reaching £5.76 million in 2022, Hantec Markets’ UK division could not convert this increase into profits, revealing a net deficit of £83,968. Hantec Markets Holdings Limited, based in the UK and licensed by the FCA, conducts the brokerage’s operations and is originally from Hong Kong but has offices …
Hantec’s 7% Revenue Surge Fails to Boost 2022 Profits Read More »
In a stride to broaden its reach, Daman Securities from the United Arab Emirates has embarked on a new journey by launching Daman Markets. This innovative platform will focus on trading services for over-the-counter margined derivative contracts, such as CFDs and spot foreign exchange, concentrating on serving the Middle East region. On Tuesday, Daman Securities …
China’s ascent to technological supremacy is undeniable, as noted by Paddy Cosgrave, CEO of Web Summit. After half a century of Western dominance in the tech industry, the balance of power is shifting towards the East, with China at the forefront. This article will explore the reasons behind China’s rise and its global implications. China …
Cryptocurrency exchange giant Binance has temporarily suspended its Binance card services in Latin America and the Middle East, effective August 25th. This move has left many users pondering the reasons behind the decision and seeking information on navigating this change. The Binance Card: Bridging the Gap Between Crypto and Everyday Transactions The Binance card bridges …
CAPEX.com, a retail forex and contracts for differences (CFDs) broker, has broadened its global reach by acquiring the WiredMarket’s client portfolio, a firm with a significant base in Greece. CAPEX.com’s First M&A Deal On Thursday, the company announced the acquisition, marking their first venture into mergers and acquisitions since its establishment as CFD Global.com in …
CAPEX.com Aquires WiredMarket’s Client’s in Greece Read More »
Oil fell earlier in the week after China set a modest increase target for this year and avoided any major stimulus. At the same time, there were concerns about further monetary tightening by the Federal Reserve. West Texas Intermediate saw a decrease to $79 a barrel after witnessing a 5% increase in closing last week. …
Equiti Group has announced the launch of its new office in Abu Dhabi to propel its presence in the United Arab Emirates. Equiti’s subsidiary manages the newest venture, regulated and licensed by the Securities and Commodities Authority since April of last year. Iskandar Najjar, Co-Founder and Group CEO of Equiti Group, stated that expanding to …
Equiti Opens Abu Dhabi Office 1 Year After SCA License. Read More »
HSBC Holdings PLC declared a significant increase in profit in the fourth quarter. This is due to growing interest rates and the banking giant’s emphasis on Asia and the Middle East. Exceeding financial analysts’ expectations, the British bank reported that its profit more than doubled in the last three months of 2022 compared to 2021, …
HSBC Grew Wary as the Bank Broke Earnings Expectations Read More »
After Russia’s horrid invasion of Ukraine, Europe is in need of a new supplier of gas. Of course, the Middle East isn’t planning to waste this opportunity. The Abu Dhabi National Oil Company (Adnoc) aims to raise $2B by selling a 4% stake in its natural gas business in an initial public offering. Adnoc Gas …
he International Energy Agency said the bans and price caps on Russian oil are having an “intended effect” despite surprising production and exports in recent months. The EU embargo on Russian oil went into effect on February 5, based on the $60 oil price ceiling that the G-7 implemented on December 5. In particular, India, …
Western sanctions against Russia have broadly reduced state oil revenues and diverted tens of billions of dollars to shipping and refining companies, some of which have Russian ties. Most of the winners from the sanctions were created in China, India, Greece, and the United Arab Emirates. Neither firm violates sanctions, but they have taken advantage of measures …
Oil prices declined on Monday. Reversing earlier gains, as expectations for increased Chinese demand and rising Middle East tensions over an Iranian drone attack were partially offset by impending interest rate increases by major central banks and indications of robust Russian exports. Brent crude oil was down 29 cents, or 0.3%, to $86.37 per barrel, …
Alexander Novak told the official news agency TASS that Moscow is prepared to restart gas shipments to Europe through the Yamal-Europe Pipeline. When Poland decided to use the gas already in Germany rather than purchase it from Russia in December 2021, the Yamal-Europe Pipeline’s normal westward flow mostly reversed. Warsaw terminated its agreement with Russia …
Russia Is Prepared to Restart Gas Supplies to Europe Read More »
Oil prices rose after OPEC, and the International Energy Agency both forecasted a rebound in demand over the next year. US rate hikes should slow in tandem with slowing inflation. Brent crude futures were up 77 cents, or 0.911 percent, to $81.44 per barrel, while WTI crude futures in the United States were up 80 …
On Monday, maize and wheat futures in Chicago increased by more than 2% as worries about world supply were stoked by Russia’s decision to leave a Black Sea export pact. After peaking at $8.93 earlier in the day, the most active wheat contract on the Chicago Board of Trade (CBOT) was up 5.7% at $8.77-3/4 …
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