Sunday , 19 August 2018

Financial Services

Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Cryptocurrencies and their place in mainstream finance

Has the world of money changed and will continue to do so? Cryptocurrencies are now irrefutably part of mainstream finance. They are capturing our focus more than ever before during a time when financial technology is taking centre stage. Major digital currencies such as Bitcoin, Ethereum, XRP, Lite and Dash are being thrust into the world of mainstream finance at …

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Will the next cryptocurrency revolution be green?

Source: Zawya-Ammar Radhi   If bitcoin were a country, it would be 41st in the world in terms of energy consumption, just behind Chile and Austria Last year’s bitcoin frenzy appears to have run its course. The cryptocurrency’s near-vertical ascent to more than $19,000 was followed by an equally precipitous decline as speculators fled the market as fast as they …

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SAMA inks agreement with Monami Tech’s Award Winning Digital Lending Platform Lendme

Landmark announcement for both SAMA and Monami Tech Monami Tech enables consumer lending offering for SAMA with Lendme app Dubai, United Arab Emirates – Al Hail ORIX Finance PSC, Parent company of SAMA, has announced the signature of a formal agreement and the formation of a strategic partnership with UAE-based award winning fintech payments company Monami Tech. The primary aim …

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UAE economy stays robust despite global headwinds

The UAE’s solid and diversified economy has softened the effects of both lower oil prices and weakened global demand for trade. This will also lead to prosperous years ahead for the UAE economy, according to a new report from the Dubai Chamber of Commerce and Industry (Dubai Chamber). In addition to increased confidence, the UAE’s economic outlook is buoyed by …

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DIFC’s Class of 2018: The new additions to Dubai’s main financial hub

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai International Financial Centre (DIFC) has reported that the number of registered companies within the finance-focused free zone rose 8 percent to break through the 2,000 mark during the first half of 2018, with some of the new …

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ITFC Paves the Road to Innovation in Islamic Trade Financing

A Partnership with CISL to Shape the Future of Innovation Sustainability The International Islamic Trade Finance Corporation (ITFC) (ITFC-IDB.org), member of the Islamic Development Bank Group, and the University of Cambridge Institute for Sustainability Leadership (CISL), an academic institution within the University of Cambridge that builds sustainability leadership capacity to tackle critical global challenges, join together in  partnership  for shaping …

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UAE Exchange Rebrands its Africa Operations as Unimoni

Parent “Finablr” has announced plans to invest USD 100 million to expand its Africa operations over the next decade UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as “Unimoni”. The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held in …

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Oman targets $15bln investments in tourism sector by 2020

Sultanate eyes public–private partnerships to develop tourism-related projects By Yasmine Saleh, Thomson Reuters Projects News Oman is aiming to raise $15 billion to invest in its tourism sector by the end of the decade, a top Omani official said adding that the government is hoping that 76 percent of the sum will be generated from the private sector. “We are …

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Abu Dhabi launches crypto asset regulatory framework

The new ADGM crypto framework instils proper governance, oversight and transparency over crypto asset activities Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. This follows the successful completion of a public consultation on the introduction …

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