logo

News related to
Bank

November 29, 2016 The UAE Banks Federation, the professional body representing 49 banks in the UAE, hosted today (Tuesday, November 29, 2016) its 4th CEOs Advisory Council Meeting in Dubai. The meeting provided an engaging platform to assess UBF’s progress in developing a unified approach to customer complaints, discussed the industry’s preparedness in cyber-security domain and reviewed latest developments in the sector. Speaking on the sidelines of […]

With the dollar’s rally easing up, China’s central bank has set the trading band for its currency stronger for a second straight day. The People’s Bank of China set the midpoint of the renminbi’s 4 per cent trading band against the dollar at Rmb6.88890 on Tuesday, stronger by 0.22 per cent from Monday. That brings the fix 0.4 per cent firmer from the last time it weakened […]

In a report confirming that the ECB is preparing for a rerun of a post-Brexit scenario, Reuters writes that the ECB is ready to temporarily step up purchases of Italian government bonds if the result of next Sunday’s crucial referendum, which according to WSJ will likely determine the future of not only Monte Paschi but other insolvent Italian banks, “rocks markets” and sharply drives up borrowing costs […]

ATHENS Greece and its official creditors can reach an initial agreement on reforms and fiscal targets to pass a key bailout review by the end of the week and a final deal to conclude it by the end of the year, the country’s government spokesman said on Tuesday. Athens, however, cannot make further concessions on labour reforms which go beyond European norms, government spokesman Dimitris Tzanakopoulos told […]

Source: GSMA Singapore’s three mobile operators have announced plans to support a global authentication standard that will allow their customers to access online services with their mobile number. In a joint statement released Tuesday, M1, StarHub, and Singtel said they would adopt the GSMA authentication standard, Mobile Connect, which would create a single digital user identity. This would enable their mobile customers to access supporting services including […]

I never thought it could happen. I never thought that Donald Trump would become President of the United States. I just couldn’t conceive of a world in which a celebrity competition reality star, oft-failed businessman, former Comedy Central Roastee, and friend of Grimace would be tapped to lead the greatest economy and military the planet has ever known. And I wasn’t the only one. […]

Sunday, June 8 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full IFG Briefing click here: bit.ly/1qb3njw Top Stories: Islamic Economy: Islamic credit cards and startup financing focus for EFICA 2014 (Page 3) Country: Advertisement ? Call for more private sector involvement in Turkey’s Islamic finance sector […]

Advertisements

Okta Identity Management, an excellent identity management service that begins at $2 per user per month, is one of the big names in the Identity-Management-as-a-Service (IDaaS) space, even earning top marks in a 2016 Gartner Magic Quadrant report. While kudos from an industry analyst firm can be an indicator of a strong product, most potential users are more concerned with features and pricing, areas in which Okta […]

Opec’s most powerful members were rushing on Tuesday to rescue a supply deal designed to end the longest oil price crash in a generation. Saudi Arabia, Opec’s largest producer, and its arch rival Iran have both set out their positions ahead of Wednesday’s ministerial meeting in Vienna, with the kingdom hinting it could walk away from a deal if its conditions are not met and Tehran publicly […]

Indian Prime Minister Narendra Modi has championed his government’s decision to replace high-denomination rupee notes earlier this month as a move to cut corruption and tax avoidance and push more people into the banking system. While Mr. Modi’s supporters have said the short-term pain of having to change money and wait in ATM queues is worth it, those opposed to it say the step was poorly planned […]

“Putin looks tough and wily, while America looks incompetent and unable to sustain its commitment, and that’s a big win because you have a lot of countries in the region which are re-evaluating their relationships,” Mr. Hokayem said. “Now, Russia is a relatively weaker power to the U.S., but with Trump there’s no expectation that the U.S. will serve as a guarantor of regional security, so Russia […]

By Joseph Sipalan | KUALA LUMPUR KUALA LUMPUR Malaysia’s prime minister has expressed support for strict Islamic laws as he seeks to consolidate support of ethnic Malay Muslims at a party meeting this week, as frustration over graft and the economy cloud prospects for the next election. Prime Minister Najib Razak has battled calls to resign over the last 18 months, as a scandal at his pet […]

Tuesday 06:00 GMT Overview Markets across Asia were trading cautiously as Wall Street and the US dollar weakened overnight and the price of oil has pulled back. European bourses are expected to open a touch weaker, with spreadbetters predicting the UK’s FTSE 100 will slip about 10 points to 6,790 and Germany’s Dax to drop 20 points to 10,562. US index futures suggest the S&P 500 will […]

Items marked ** denote new or amended listings TUESDAY, JUNE 10 KUWAIT – IFN Forum Kuwait Details: SUNDAY, JUNE 14 CHICAGO – Chicago Islamic Economic & Finance Conference Details: MONDAY, JUNE 16 KAZAKHSTAN – Seminar on Islamic Finance – Kazakhstan Details: TUESDAY, JUNE 17 KAZAKHSTAN – IFSB-FIS Workshop Series (Kazakhstan) Details: TUESDAY, JUNE 17 IRAN – IFN Forum Iran Details: MONDAY, JUNE 23 (until June 24) UK […]

SYDNEY Three of Australia’s four biggest banks will be barred from collectively bargaining with Apple Inc (AAPL.O) in relation to its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. The Australian Competition and Consumer Commission said letting banks collectively offer their own integrated digital wallets in Apple iPhones, in competition with Apple’s Apple Pay system, would reduce each bank’s ability […]

Switzerland has a world-beating position in cross-border investing: its finance industry last year managed SFr6.6tn of assets on behalf of institutions, companies and the rich. So Swiss bankers have a keen interest in the technological revolution sweeping global finance, which has profound implications for the way markets operate. That includes some of the more fantastic ideas about handing the management of clients’ assets entirely to computers — […]

Aramex founder and Wamda Capital chairman Fadi Ghandour has called on investors in the region to invest in startups in their early stages. Speaking at the 2016 Arabian Business Digital Forum, Ghandour said funding startups is a crucial part to building a healthy business ecosystem. “Not everyone like my friend Mohamed Alabbar can launch businesses with $1b. But thousands of startups, if we don’t fund them, we […]

Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]

By Nandita Bose and Sayantani Ghosh U.S. shoppers snapped up Cyber Monday deals on what is usually the single biggest day for internet shopping, after stellar online sales over the Thanksgiving holiday weekend. Sales on Cyber Monday were expected to finish up 9.4 percent at $3.36 billion compared with last year, according to Adobe Digital Insights. As of 10 a.m. EST on Monday, sales totaled $490 million. […]

Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules due to come into force in 2018. The new rules, known as IFRS 9, will leave their mark on all major products used by Islamic banks – from simple savings accounts to Islamic bonds – and impact their bottom-lines. Banks around the globe are gearing up to […]

DUBAI, June 9 (Reuters) – Dubai Islamic Bank has completed the acquisition of a 24.9 percent stake in Bank Panin Syariah and will now seek regulatory approval to increase its holding in the Indonesian lender to 40 percent, it said on Monday. The largest Islamic bank in the United Arab Emirates has bought 2.42 billion shares in the only listed sharia-compliant bank in the southeast Asian nation, […]

CARACAS Venezuela’s bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation. Such is the currency chaos that Venezuelans often carry rucksacks full of […]

By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Islamic State has arrested dozens of Mosul shop owners accused of raising food prices in the nearly besieged city, to tamp down discontent as a U.S.-backed offensive closes in on the group’s last major stronghold in Iraq, residents said on Monday. The arrests took place on Sunday morning in Bursa, a commercial district in the western part of the […]

Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
UAE non-oil trade climbs to AED 2.945 trillion // From Seoul to Wuzhen: Korean Celebrities and Creators Spark a Water Town Slow-Living Trend // Republicans Struggling To Come Out Of Nov 3 Debacle To Prepare For 2028 Prez Polls // Setback for Usha in Olympic body // Vasavan alleges one-man show by CM Satheesan // Basheer sets Feb deadline for delayed ULCCS projects // Vijayan seeks immediate reversal of decision // Vasavan alleges one-man show by CM Satheesan // PhotonPay Strengthens North American Regulatory Footprint with Canada’s RPAA Registration // Sber announces results of GigaArt AI-art festival: Nearly half a million images // BJP leader condemns cyber attacks over Mammootty wedding visit // Recognition under the U.S. Green Building Council’s rating system confirms the 22-residence tower is on track for full certification on completion // Nexawork AI Launches Custom Software for SMEs From RM19,900.00 // Public Protests Challenge Elected Power In Europe And India // Trump directs Justice Department scrutiny of Democratic threats // AutoSwift secures close to A$10 million from Singapore’s X Star Technology to scale AI WINGMAN // Abu Dhabi property transaction value climbs 76.1 percent // Setback for Usha in Olympic body // BJP leader condemns cyber attacks over Mammootty wedding visit // Rubio rejects prospect of imminent Iran peace breakthrough //