Monday , 24 September 2018

Tag Archives: Finance

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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SA’s business confidence improves in July

Abu Dhabi’s index was up 0.5%, after hitting its highest level since late 2014 Abu Dhabi’s market hovered around a four-year high on Wednesday, bolstered by banks shares, while Saudi Arabia’s market was more subdued. Abu Dhabi’s index was up 0.5 percent, after hitting its highest level since late 2014 earlier in trading. First Abu Dhabi Bank rose 1.1 percent …

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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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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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DIFC collaborates with France’s Finance Innovation to promote fintech growth

The collaboration will support the development of the fintech ecosystem in both markets Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Finance Innovation, France’s official innovation cluster for the financial industry, based in Paris. The collaboration will support the development of the fintech ecosystem in both markets and facilitate knowledge sharing and collaboration between their …

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Hey, big spender: UAE and Saudi firms among the most confident in terms of investing this year, says Amex

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Executives from the United Arab Emirates and Saudi Arabia were among the most confident in the world when it comes to spending on their business, according to a new survey by credit card firm American Express (Amex). The …

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Saudi bourse may see a correction after MSCI decision – Al Masah Capital

Blue-chip stocks like SABIC and Al Rahji Bank are expected to see the biggest inflows following the MSCI upgrade Saudi Arabia’s stock market may witness a correction following global index compiler MSCI’s decision to incorporate the Kingdom into its global emerging markets index, according to an executive at a Dubai-based asset management firm. Foreign institutional investors have already been buying …

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Eastern promise: UAE’s financial hubs target China

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day As the United States and China begin talks today to try and avert an escalating trade war, the two main financial centres of the United Arab Emirates have already been courting Chinese dignatories, as they seek to become …

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Bahrain is about to collaborate with a country to support the FinTech sector, find out who it is

According to the Bahrain Economic Development Board (EDB) Financial Services Executive Director, David Parker, Bahrain is planning on collaborating with Malaysia’s financial sector since both markets are in similar development phases when it comes to the FinTech sector. “We can work on our strengths because Malaysia and Bahrain both have relatively newly implemented policies when it comes to fintech. I …

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