logo

News related to
Bank

DUBAI, United Arab Emirates, November 28, 2016/ — The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as Nigeria, Kenya and South Africa The research, conducted by Mara Foundation and Opinium Research, examines the state of entrepreneurship around the […]

Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times Concerns of multiple bank failures – Eight banks at risk of failure and bail ins Monte dei Paschi di Siena, third largest by assets and mid-sized banks Popolare di Vicenza, Veneto Banca and Carige and four smaller banks Italy’s banks have €360 billion of problem loans Contagion poses risks to Unicredit, […]

Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]

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, […]

Stop me if you think you’ve heard this one before. Italian bank stocks are being hit hard this morning, leading declines across European financials ahead of a key referendum on December 4 that could have major consequences for plans to revive Italy’s troubled financial system. UniCredit – Italy’s most systemically important bank – is the biggest loser, falling 4 per cent, while Banco Popolare, Banca Popolare di […]

28 November 2016 Manama, Kingdom of Bahrain: The Shari’ah Board of AAOIFI held its meeting No. 46 from 17 to 19 November 2016 in the Kingdom of Bahrain. Over more than 25 meeting hours, the board discussed specific issues and reviewed a number of technical and Shari’ah reports. The meeting was concluded with issuance of a number of resolutions as well as the adoption of two new […]

It’s laudable that Trump wants to bring factories back to USA.  But how about virtual, monetary factories?  Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]

Advertisements

Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]

Your daily guide to community and cultural activities across the Emirates for November 28, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Catch a screening of City of God as part of the Cinema Space series at Manarat Al Saadiyat. The Brazilian 2002 film about crime and redemption is based on a […]

Muscat, November 28, 2016 Bank Sohar is pleased to announce that it has recently been awarded the ‘Best Public Awareness Campaign Middle East Road Safety’ award on a regional level and across the Banking sector at the recently held IQPC Middle East – Qatar Transport Safety Awards which took place recently at the St. Regis Hotel Doha, Qatar. The award, which marks the Bank’s 12th award of […]

In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their […]

DUBAI, June 10 (Reuters) – Saudi Telecom Co (STC), the Gulf’s largest telecommunications operator by market value, said on Tuesday it had completed a 2 billion riyal ($533 million), 10-year debut sukuk issue. The issue, which was almost two times oversubscribed, carried a floating profit rate of 70 basis points over the three-month Saudi interbank offered rate , currently at 0.9525 percent. Government investors, banks, asset managers […]

Farmers in India are enjoying a privilege denied to the rest of their countrymen–permission to use old 500-rupee currency notes to buy seed. Prime Minister Narendra Modi earlier this month announced the replacement of high-denomination bank notes worth 500 rupees ($7.33) and 1,000 rupees ($14.66), to get rid of corruption, eliminate counterfeit money and make people pay taxes. The move has led to a cash shortage, with […]

DUBAI, June 10 (Reuters) – The malls unit of Dubai’s Emaar Properties has set initial price thoughts on a debut Islamic bond issue of ten years duration, which is set to be sold this week, a document from lead managers said on Tuesday. Pricing guidance for the benchmark-sized transaction has been given in the area of 200 basis points over midswaps, the document said. Benchmark size is […]

November 27, 2016 by: Kiran Stacey in New Delhi and David Keohane in Mumbai Indian banks will have to deposit as cash all the extra money they have been given as a result of demonetisation with the Reserve Bank of India, the central bank announced this weekend. The RBI made its sudden move after the country’s banks, flush with cash, went on a bond-buying spree, bringing down […]

By Edward Taylor and Jan Schwartz | FRANKFURT/HAMBURG FRANKFURT/HAMBURG Just as Porsche and Audi have fought for supremacy on the race track, the Volkswagen brands are now locked in a cut-throat battle to develop and manufacture the next generation of electric cars at a group embroiled in the “Dieselgate” scandal. Volkswagen Group denies that the kind of internal rivalry that it encouraged at the Le Mans 24 […]

Riyadh, Saudi Arabia, 27 November 2016 Saudi Hollandi Bank, announced today that it has rebranded to Alawwal Bank. The name change marks the start of a transformation that will see the bank build on its reputation for innovation and service excellence. The new branding highlights the bank’s commitment to supporting the growth of the country’s economy while meeting the demands of its existing customers and a new […]

DUBAI, June 10 (Reuters) – Qatar’s central bank plans to issue 4 billion riyals ($1.1 billion) worth of local currency government bonds next week, it said on Tuesday, including a new seven-year tranche to build a longer yield curve. The debt, to be auctioned on Sunday, will include 2.1 billion riyals worth of three-year conventional bonds and 950 million riyals each of five- and seven-year tranches, the […]

Indian online payment firm Paytm says it has added 8 million new users in the two weeks since the government announced the replacement of the country’s highest-denomination bank notes. In a bid to root out corruption, counterfeit money and tax evasion, Prime Minister Narendra Modi on Nov. 8 announced the replacement of notes worth 500 rupees ($7.30) and 1,000 rupees ($14.60). That move has resulted in a […]

Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]

“We have lost everything, our infrastructure, and we have nothing left to lose,” he said. “Now it is a long war of attrition.” Photo A nonfunctioning cement factory in Amran, Yemen, that was bombed twice by the Saudi-led coalition. Credit Tyler Hicks/The New York Times The Houthis’ control of such key territory has made them essential to international efforts to end the conflict, leaving policy makers and […]

Payday lenders asked a federal judge in Washington, D.C., for emergency relief to stop what they called a coordinated effort by U.S. regulators to stop banks from doing business with them, threatening their survival. In Wednesday night filings, the Community Financial Services Association of America (CFSA) and payday lender Advance America, Cash Advance Centers Inc said a preliminary injunction was needed to end the “back-room campaign” of […]

DUBAI // Two Pakistanis sentenced to two years in jail each for assaulting a 62-year-old Indian man with an iron bar and stealing Dh200,000 he had hidden in his underwear had their terms cut in half by Dubai Court of Appeal. On June 12 the men, aged 26 and 25, saw the victim hide an envelope full of money in his underwear as he left a bank […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Deemed status for high-performing aided colleges // NIA Highlights Three Exemplary Breakthroughs from National Innovation Awards, Driving Thailand Toward a Global ‘Innovation Nation’ // Houthi missile barrage damages Aramco tower in Riyadh // Vasavan alleges one-man show by CM Satheesan // Republicans Struggling To Come Out Of Nov 3 Debacle To Prepare For 2028 Prez Polls // From Seoul to Wuzhen: Korean Celebrities and Creators Spark a Water Town Slow-Living Trend // Abu Dhabi property transaction value climbs 76.1 percent // Trump directs Justice Department scrutiny of Democratic threats // Setback for Usha in Olympic body // PhotonPay Strengthens North American Regulatory Footprint with Canada’s RPAA Registration // EU challenges TikTok video rankings over harmful content loops // 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 // AutoSwift secures close to A$10 million from Singapore’s X Star Technology to scale AI WINGMAN // Nexawork AI Launches Custom Software for SMEs From RM19,900.00 // BJP leader condemns cyber attacks over Mammootty wedding visit // Satheesan resists Anil as new state Cong chief // Bank of England flags sharper AI share correction risks // Rubio rejects prospect of imminent Iran peace breakthrough //