Tag: middle east

Developments in the Middle East are causing global energy prices to rise meaning that inflation is "elevated".

The RBI is taking a cautious approach as it sees GDP slowing in the fiscal year 2026/7 to 6.9% from 7.6% amid higher prices as a result of the war in the Middle East.

As oil prices soar, one senior economist argues the currency is "adjusting to a new global equilibrium". Foreign investors pulled over $10bn from Indian shares in March and the RBI is introducing controls on banks' FX positions.

The war in the Middle East is causing market volatility leaving Apac treasurers and finance professionals needing to check a large number of variables.

The US president wrote about talks with Iran on his social media platform after giving Iran a 48-hour ultimatum to open the Strait of Hormuz. Stock markets in Apac fell heavily on March 23.

US president Donald Trump has suggested the war in Iran will end soon after the price of a barrel of oil climbed above $100. Countries across Asia have been trying to conserve energy.

The stock exchanges in South Korea and Thailand were temporarily halted on March 4, while Iran has issued a stark warning for the Strait of Hormuz.

Amid multiple attacks from Iran, and continued Israeli and US strikes, there is great uncertainty in the region. Gas and oil prices are rising as QatarEnergy has stopped liquid natural gas production while the Strait of Hormuz is increasingly dangerous.

Chintan Shah will lead Apac & MEA, corporate bank, as Ole Matthiessen becomes global co-head of the corporate bank; Christof Hofmann is named as global head of cash management.

The partnership, known as GLIDE, is targeting $5bn of high-quality warehouses across the Gulf Cooperation Council; it's expected that more partners in the GCC will also participate.

Majed Julfar has joined the German bank in the Middle East from Etihad Credit Insurance, where he was director of trade credit insurance and export finance.

Ant’s e-commerce payment platform Antom will commence operations locally later in the year.