Saturday , 15 December 2018

Tag Archives: Finance

Qatar’s Barwa Bank, International Bank of Qatar agree to merge

The unlisted banks will work to complete the necessary steps for the merger, including obtaining regulatory approval, before the end of the year Qatari lenders Barwa Bank and the International Bank of Qatar (IQB) have reached a final merger agreement, creating a combined group with total assets of 80 billion riyals ($22 billion), the banks said on Tuesday. The unlisted …

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Qatar the most entrepreneurial Arab state – Competitiveness Report

Country scores highest of the Arab states on a global index compiled by the IFC, World Bank and the World Economic Forum By Yasmine Saleh, ZAWYA Qatar has the healthiest entrepreneurship ecosystem in the Arab world, according to the new Arab Competitiveness Report 2018. The report, compiled by the International Finance Corporation (IFC), the World Economic Forum and the World …

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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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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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