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Dubai moves closer to becoming world's first blockchain-powered city The Dubai Land Department (DLD) announced today that it has become the world’s first government entity to adopt blockchain technology, reflecting the ‘Dubai Blockchain Strategy’. The Dubai Blockchain Strategy announced in...
JLL Survey Highlights Dubai amongst Global Metropolises with Stronger Economic Trends In 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...
Here are the top things to consider when starting a small business with little capital Lack of funds is usually the biggest concern among aspiring entrepreneurs. Securing the much-needed capital can be daunting,...
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...
Financial experts warn UAE residents to be aware of the circumstances in which personal bank accounts can be frozen, and urges them to be better prepared for any adversaries. Debt and visa changes are the most common reason for not...
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...
Banks in the UAE are now being forced to relax debt repayment plans in a bid to recoup outstanding loans from debtors who have left the country. Lenders are now accepting realistic payment plans and using threats of jail...
It is learnt that PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada?s US retail operation for a whopping $3.45 billion. This deal will expand PNC to the US markets by adding 420 branches in...
Singapore?s Prime Minister, Lee Hsien Loong- succeeding his father Lee Kuan Yew; was named the new chairman of the Government of Singapore Investment Corp (GIC), which manages more than $100 billion of the island?s assets. The elder Lee will...
International workers risking their financial future by not saving during their time as an expat, say experts at Guardian Wealth Management Expatriates jeopardising as much as Dhs330,500 in savings over five years A lack of savings, poor financial discipline and no...
Just hours after the Fitch Ratings warned the US, a top Federal Reserve official stated that the US?s default would mean that the country will have to pay a severe price if the government misses bond payments. ?The US...
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...
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,...
As Islamic banking gains a strong foothold in Oman, the central bank has given the Islamic financial institutions a one-year relaxation on stringent rules governing the holding of foreign assets. The decision has been made to facilitate the domestic development...
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...
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...
The benchmark interest rate of the Reserve Bank of Australia is left unchanged for its sixth straight meeting. Experts are forecasting that the official interest rate will rise one percentage point to 5.75 per cent in the next 12...
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...
All that you always want to know about Forex trading and how to get started with a demo forex account before mastering the art and science of trading A forex demo account is a...
A Bahraini central bank official said on Wednesday it is planning to issue a $1.25 billion bond in the second or third week of June. The official told Reuters on condition of anonymity that the conventional bond will have a tenor...
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...
Kuwait's central bank governor has announced he will change its loan-to-deposit ratio rules for banks in a bid to boost lending. State-run news agency KUNA reported that calculations for the new loan-to-deposit ratios will be based on loan maturities. The announcement...
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...
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...
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...
Middle East and North Africa banking and securities companies' software spending to hit $12.8 billion in 2014 Software 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 Volumes Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn Middle East and Africa...
The Euromoney Kuwait Conference, ‘Financial Sustainability, Regulatory Capacity – the Challenge of Change’ takes place April 8, at the JW Marriott, Kuwait. The event is co-hosted by the Ministry of Finance of the State of Kuwait. The Fifth Euromoney...
Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report The 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...
A top government official has revealed that Oman is considering the issuance of a U.S. dollar-denominated sovereign bond, which would mark the return of Sultanate to the international bond market. Speaking to Reuters, Omani finance minister Darwish al-Balushi stated that...
Dubai International Financial Centre (DIFC) to grow three-fold over the next 10 years Aims 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...
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 order 2015 is almost upon us and the New Year is the perfect time...
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...
Banking & finance could serve as a key sector for maximising employment for women in the UAE Emirati women are more likely than their male counterparts to consider a position in banking and finance (29% vs 11%) found a major...
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...
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...
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...
The Qatari Financial Sector is making an increased effort to attract Foreign Direct Investment within the State of Qatar. According to  H.E Yousef Hussain Kamal, Minister of Economy and Finance and Chairman of the Financial Markets Development Committee, this is...
The UAE and Qatar receive upgrades to 'Emerging Market status' by Morgan Stanley Capital Investments. The upgrade facilitates foreign investment in both UAE and Qatar. New Emerging Markets. After a wait of several years, the equity index provider Morgan Stanley Capital International...
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...