Who is trying to weigh the yellow metal down? Do you know the answer?Do we have a new hero in the making, say the Yellowman? Just like Batman, works in the dark, at the most unassuming hours and does...
What is it that the banks fear today the most? There are a variety of risks in the global scenario. If banks faced a perfect storm in 2008, then they are now set to face the next thing up -...
Dubai International Financial Centre (DIFC) to grow three-fold over the next 10 yearsAims to position the Centre among the top 10 financial centres globally Plans to domicile 1,000 financial firms in the next 10 years, in comparison to 362 in...
With ambitious plans to leverage the Emirates ID, a ubiquitous mobile wallet, and its state of the art 4G infrastructure, the UAE is well poised to achieving its objective of making Expo 2020 an event that showcases life in...
The MENA M&A market depicted strong activity during 4Q 2014, prolonging its steady performance of the last 2 years. The sustainable economic growth profile, driven by the large fiscal safety net, by the ongoing diversification away from hydrocarbons and...
The outgoing Year 2014 presented a major threat of cyber crimes including hacktivism and spread of western cyber issues to the financial institutions operating in the Middle East and North Africa (MENA) region and future challenges keep haunting the...
Dubai based financial consultant Jessica Cook offers five financial fundamentals to get you off to a kick- start the New Year and get your finances in order2015 is almost upon us and the New Year is the perfect time...
MENA shoppers prefer VISA cardsA visible surge has been recorded in the demand for Visa debit, credit, and prepaid cards off-late as shoppers across the Middle East and North Africa (MENA) region opted for electronic payment method on the...
The international rating agency Moody’s Investor Service on Wednesday maintained its stable outlook on the banking system in the United Arab Emirates.The Moody’s statement covered banking system’s creditworthiness over the next 12-18 months and kept its stable outlook unchanged...
2015 will prove to be an active year for SWFs (Sovereign Wealth Funds) in the Middle East, says KPMG Report- UAE is home to one of the largest SWFs in the world - Low interest rates, evolving investment strategies...
G20 must help Financial Services promote jobs and economic growth: KPMG reportKPMG urges regulatory bodies in the UAE to continue their efforts to ensure the regulatory environment encourages bank lending to SMEs, infrastructure and trade financeNew report presented to...
During the 2008 and 2009 global financial crisis, banks were bailed out using taxpayers money. It has now been noted that that was "unfair".Mark Carney, the chairman of the Financial Stability Board (FSB), a global regulator and the governor...
Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber reportThe global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation...
Islamic finance & Halal are powerhouses that are driving the Islamic economy forward. Whilst using the product-centric approach has worked till date, it’s critical to take on board the sociological changes that have come about. Authenticity & value are...
The US FATCA regulation will make it impossible for any financial institute to operate without registering with the Internal Revenue Service (IRS).MENA region, with 48.5% of the world’s proven energy resources, is set to record an economic growth of...
High frequency trading or HFT is one of the tools used nowadays by trading houses in order to carry out huge amounts of trades. These are based on algorithms and computer generated softwares which track the market in terms...
Saudi banks urged to shun conservatism to optimize and benefit the long term health of the Saudi economy and its banking sector. Alkhabeer Capital, a leading asset management and investment firm based in Saudi Arabia, and authorized by the Capital...
The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up...
JLL Survey Highlights Dubai amongst Global Metropolises with Stronger Economic TrendsIn order to determine and map out the futuristic developmental trends of leading metropolises, leading global property consultants, Jones Lang LaSalle (JLL) carried out the first City Momentum Index...
Middle East and North Africa banking and securities companies' software spending to hit $12.8 billion in 2014Software spending for the Middle Eastern & North African banking and securities Firms is forecast to grow at 10 percent in 2014, thanks to...
Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal VolumesDeals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturnMiddle East and Africa...
S&P reaffirms Kuwait's AA rating and has given the country a 'stable' lookout thanks to its existing resources of crude oil.Amidst the growing turmoil that some countries are facing with regard to their credit rating in the international market,...
Deloitte Survey Reveals Changing Preferential Moods: From China to the Middle-east Despite the gloom and doom that overrode most of the global economy in 2013, the Asian economic giant China notched some significant successes as far as its economic activities...
Overall Global Economy to See 3.3% Growth in 2014. IHS Top10 Predictions foresees an end to “wallowing in an economic soft patch."After wallowing in an economic “soft patch” for the past two years, the global economy is likely to emerge...
For all of us the New Year represents a lovely, large, blank canvas, which is all yours to paint in whichever colors you choose. So what do you want to achieve in 2014? A good New Year list will...
Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey represent 78% of global Islamic banking assets: EY -          Global Islamic banking assets with commercial banks are expected to reach US$1.72 trillion in 2013-          Islamic banking assets with commercial banks globally reached...
EU, US firms set to regain lost Iranian trade on the back of temporary trade relief. The West may have singled out Iran's automotive and aviation sectors for temporary sanction relief, but a much wider group of European and U.S....
World Market Updates: Brought to you in association with Dubai Gold and Commodities Exchange (DGCX) AcademyMARKET PULSEFed. chairman nominee Janet Yellen said the economy is performing "far short of it's potential." Forecast: Fed will pare QE to $70 billion at...
The outlook for the UAE's banking system has been changed to stable from negative, says Moody's Investors Service in a new report published today.The outlook change reflects the continued improvements in the operating environment, as well as the ongoing...
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, rang the opening bell at Dubai Financial Market (DFM) today to celebrate the listing of two Sukuk by Emirates Islamic Bank (EIB) on NASDAQ Dubai.EIB’s choice of the region’s...
What are the biggest mistakes to avoid when it comes to your pension?All too often I’m immersed in the reality that so very many individuals I work with are putting planning for their financial future on the back burner....
The first thing any individual needs to do when they undertake any sort of financial planning is to seek out a reputable and regulated advisor and firm. There are many firms to choose from, particularly in the Middle East....
Today's ECB meeting and subsequent speech by Draghi will shape the future outlook in the markets and will define future policy directions.Words used by influential policymakers often work effectively to shape the future of the financial markets. ECB Chairman,...
Two of the biggest economies of the Gulf Cooperation Council (GCC), UAE and Saudi Arabia are moving quickly towards cashless transactions. China (55%) and the UAE (26%) topped the list of countries adopting cashless transactions.Mastercard Advisors new global report The...
Mashreq CEO highlights growing role of Dubai as global hub for trade and financeThe Middle East & Africa day at Sibos began with a speech by Alain Raes, Chief Executive, EMEA & APAC at SWIFT, who then introduced to...
The nomination of the new Fed Chairman has raised key questions about the effects on world markets and new policy going forward.As Larry Summers drops out of contention to become the next Federal Reserve Chairman, it seems the new...
Banks prioritise automation and efficiency in payments and trade finance to grow their transaction banking business69 per cent cite operational inefficiencies as a barrier to growth in core businesses Cross-border payments processing the top priority for investment globally 84 percent said...
It seems the Indian rupee is still susceptible to volatile price swings -- first seen in the 1990's -- and that vulnerability was recently exposed when the rupee fell to an all-time low of nearly 70 rupees per dollar. The...
A new report shows Islamic banking in Oman is expected to support the financial sector in the Sultanate.Published by the rating agency Moody’s, the report is titled 'Islamic Banking in Oman: Solid Growth Prospects Moderated by Industry Challenges’. It says...
According to a new survey by Deloitte, financial institutions around the globe are seeking to increase focus on risk management owing to heightened regulatory scrutiny and greater concerns over risk governance. In response, banks and other financial services firms are...