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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

No-deal Brexit

What does the prospect of a no-deal Brexit really mean for those in the GCC?
Boris Johnson

What will a no-deal Brexit mean for GCC residents and investors?

by Alicia BullerMon 2 Sep 2019Wed 6 Oct 2021

Price hikes, slowing investment and bargains for investors – all possibilities under a ‘no-deal’ Brexit scenario

Thousands of people on Saturday joined protests across the UK against the decision to suspend Parliament.
Boris Johnson

UK’s Labour Party to propose law to stop no-deal Brexit on Tuesday

by BloombergSun 1 Sep 2019Wed 6 Oct 2021

Prime Minister Boris Johnson caused outrage by suspending Parliament as he continues negotiations with the EU for a new withdrawal agreement

The pound's plunge helped London's benchmark FTSE 100 index outperform as it features many multinationals with most of their earnings in dollars - whereas construction companies notably saw their shares take a tumble.
Boris Johnson

Pound dives on increased no-deal Brexit prospect

by AFPWed 28 Aug 2019Wed 6 Oct 2021

Britain’s currency slid by more than one percent against the dollar and euro in early business, before paring some of the loss

Boris Johnson was granted permission by the Queen to “prorogue” the House of Commons, shutting down the debating chamber on September 12 ostensibly so he can come back with a new legislative programme a month later.
Boris Johnson

Boris Johnson corners his opponents and pushes Brexit toward a showdown

by BloombergWed 28 Aug 2019Wed 6 Oct 2021

Parliamentarians have two weeks to come up with a way to pass a law to stop Britain leaving the EU on October 31 without a deal

Boris Johnson has declared the so-called backstop for the Irish border “undemocratic” and vowed to leave the EU with or without an agreement.
Boris Johnson

No-deal Brexit is starting to hit home for Ireland’s biggest companies

by BloombergSun 4 Aug 2019Wed 6 Oct 2021

Ireland’s ISEQ All-Share Index has been the worst performing benchmark in Europe, the Middle East and Africa since Boris Johnson became UK prime minister

Boris Johnson

Video: Boris Johnson – boon or bane for the Middle East explained

by ITPThu 1 Aug 2019Wed 6 Oct 2021

So much has been happening in the UK with dicey Brexit negotiations, former Prime Minister Theresa May’s resignation, the month-long battle between Boris Johnson and Jeremy Hunt to be the new Conservative Party leader, and finally Johnson being declared the new British Prime Minister.

Britains Prime Minister Boris Johnson told reporters on Monday that a no-deal departure from the EU was “absolutely not” the assumption but said it was still responsible to prepare for that outcome.
Boris Johnson

No-deal Brexit risk pushes UK pound to lowest since March 2017

by BloombergTue 30 Jul 2019Thu 7 Oct 2021

Morgan Stanley sees the pound falling to as low as parity with the dollar if Britain exits the EU without an agreement

Britain's Prime Minister Boris Johnson giving a speech on domestic priorities at the Science and Industry Museum in Manchester
Photo: RUI VIEIRA/AFP/Getty Images.
Angela Merkel

UK no-deal more likely as Boris Johnson forms Brexit cabinet

by BloombergSun 28 Jul 2019Thu 7 Oct 2021

Dominic Cummings, a key leader in the 2016 Brexit campaign, said Brexit will happen ‘by any means necessary’

New Conservative Party leader and incoming prime minister Boris Johnson leaves his campaign office in central London
Boris Johnson

Brexit plan: What new Boris Johnson aims to do in 100 days

by BloombergWed 24 Jul 2019Thu 7 Oct 2021

Boris Johnson has vowed to renegotiate Brexit, and to quit the bloc on October 31, with or without a deal to smooth the split

The IMF raised the US GDP forecast by three-tenths of a percentage point to 2.6 percent for 2019, but weakening demand, in part due to the trade conflicts and tariffs, points to "slowing momentum over the rest of the year."
Brexit

IMF downgrades world growth, warns of ‘precarious’ 2020

by AFPTue 23 Jul 2019Thu 7 Oct 2021

Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries to avoid using tariffs to resolve their differences.

Boris Johnson launches bid to become the next Conservative leader. (OLI SCARFF/AFP/Getty Images)
Boris Johnson

Boris Johnson launches campaign to become next British PM

by AFPMon 3 Jun 2019Thu 7 Oct 2021

Launch video follows Johnson on the campaign trail, promising voters that he will take Britain out of the European Union on October 31

Theresa May herself has described the discussions as “difficult,” while Labour officials say she has refused to compromise.
Brexit

UK Conservatives still seeking Brexit deal before EU election

by BloombergSun 28 Apr 2019Thu 7 Oct 2021

With negotiations with the opposition Labour Party set to continue next week, there’s still time for Parliament to settle on a deal before the May 23 vote

Brexit

Video: UK consultancy Cundall Middle East on Brexit and Saudi Arabia

by ITPWed 17 Apr 2019Wed 6 Oct 2021

Richard Stratton, managing director for UK consultancy Cundall’s operations in the Middle East, talks to Construction Week In Focus about the threat of Brexit – and why the business is diversifying its revenue streams to mitigate the effects of the UK’s divorce from the European Union, with a no-deal scenario looking increasingly likely.

President of the European Council Donald Tusk Luxembourgs Prime Minister Xavier Bettel and British Prime Minister Theresa May talk at a round table meeting. Photo: Leon Neal  Pool/Getty Images
Angela Merkel

EU gives Britain six months to sort out Brexit plans

by AFPThu 11 Apr 2019Thu 7 Oct 2021

If London remains in the EU after May 22, British voters will have to take part in European elections – or crash out on June 1

Britain faces the prospect of breaking ties with its closest trading partner without a deal on Friday.
Brexit

Ready or not: What happens in case of no-deal Brexit

by AFPTue 9 Apr 2019Thu 7 Oct 2021

Here are the main ways Britain would be affected in case of a ‘no-deal; ending to the 46-year partnership with the EU

Michel Barnier warned that an extension would not automatically be granted by the other 27 EU leaders when they meet at an April 10 emergency summit.
Brexit

No-deal Brexit more likely, says EU’s chief negotiator Michel Barnier

by AFPTue 2 Apr 2019Wed 6 Oct 2021

Barnier warned that if May cannot get this withdrawal agreement past the House of Commons, then there are only two other options available before London leaves the union on or shortly after April 12

A free trade agreement (FTA) between the EU and the GCC was proposed in 1998, but has since never materialised.
Brexit

What will the Brexit result mean for the historic Gulf friendship?

by Alicia BullerSun 31 Mar 2019Wed 6 Oct 2021

Gulf pundits and investors watch nervously as the UK lurches from crisis to crisis

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