Monday , 24 September 2018

Tag Archives: Finance

UAE: Fitch Affirms Sharjah Islamic Bank at ‘BBB+’

  SIB IDRs, Support Rating and Support Rating Floor reflect Fitch’s opinion that there is a high probability of external support from the UAE authorities, if needed. The Support Ratings consider the authorities record of support for the UAE banking system. The VR reflects the bank’s strong capital ratios, steady profitability and good funding profile. The VR also considers SIB ‘s stressed asset …

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New World Bank president wants alignment in changing world

Pretoria – Newly appointed World Bank president Dr Jim Yong Kim will seek a new alignment of the World Bank group with a rapidly changing world. The bank announced on Monday that it had selected the Korean-American global health expert to become its next president following the resignation of Robert Zoellick, whose term ends in June. “As president, I will …

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HSBC Re-Enforces the Importance of MENA and China Trading Corridors

Trade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects in the commodity and energy sectors said HSBC at its Middle East and North Africa (MENA) and China Forum held in the UAE today. Emphasising the growth of China as a trading powerhouse, HSBC added that China is poised to become …

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No asset can be viewed as truly safe: IMF

The global financial crisis and concern about debt levels in many advanced economies showed no asset could be viewed as truly safe, the International Monetary Fund (IMF) said on Wednesday. “Recent rating downgrades of sovereigns, previously considered virtually riskless, reaffirm that even highly rated assets are subject to risks,” the IMF noted in a report released ahead of its and …

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Statement by an IMF Mission to Egypt

A staff mission from the International Monetary Fund (IMF) visited Cairo from March 25 to April 10 to continue discussions on possible financial support requested by the Egyptian authorities for their economic program. At the conclusion of the visit, the mission issued the following statement: “The IMF team held productive discussions with the Egyptian authorities, and met with members of …

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SHUAA Capital appoints Colin Macdonald as Group CEO

  SHUAA Capital, the leading financial services institution in the GCC region, announced today that His Highness Sheikh Maktoum Hasher Al Maktoum will assume the position of Executive Chairman with immediate effect. The company also announced that Colin Macdonald will join the company as Group Chief Executive Officer from 12 April 2012. He will take Michael Philipp’s place who has …

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The 8th Financial Technology Summit to discuss Arab Banking Innovation and Competitiveness

WAM Abu Dhabi, 4th April 2012 (WAM) — The 8th Financial Technology Summit ‘&’ Meetings Middle East will be held in Abu Dhabi from 10th to 11th April, 2012, bringing together the technology leaders of the top 100 Arab Banks to discuss “Technology as a Pathway for Innovation ‘&’ Competitiveness”. The Financial Technology Summit ‘&’ Meetings Middle East (FT Summit), …

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Palestine Development & Investment Co. Annual Report for the year 2011

The Palestine Exchange (PEX) received the annual report of Palestine Development & Investment Company ( PADICO). It includes audited consolidated financial statement for the fiscal year 2011. PEX disclosure rules give all PEX listed companies three months from the date of the end of the company’s fiscal year to report their annual financial statements audited by the companies’ independent external …

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ictQATAR Hosts Conference on Information Security and Risks for the Financial Sector

  Cyber Security Experts Gather to Discuss New Challenges in Banking, Payment Systems and Finance Financial institutions in Qatar and around the world have always been the target of a variety of criminal and fraudulent activities, and in today’s digital age, cyber-attacks are a regular threat. The Supreme Council of Information and Communication Technology (ictQATAR), through its Qatar Computer Emergency …

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Ericsson & MTN collaborate on M-wallet services

Partnership based on co-development and co-operation drives innovation and change in mobile financial services Ericsson (NASDAQ:ERIC) and MTN Group are establishing a strategic partnership to launch m-wallet services in Africa and the Middle East.  MTN will become the first operator to deploy Ericsson Converged Wallet platform, a new complementary service to the integrated pre-paid charging system and mobile financial services …

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