logo

News related to
Bank

UAE. The global sukuk market is heading toward a correction in 2015 after the Central Bank of Malaysia (BNM)–one of the largest issuers of sukuk worldwide–stopped issuing earlier this year, says a report published today by Standard & Poor’s Ratings Services. But as the report, titled “Global Sukuk Issuance Stalls In 2015 As Major Issuer Exits The Market,” points out, BNM’s move leaves the door open to […]

JERUSALEM — Robert Turner is recognized everywhere in the Gaza Strip, jokingly called its governor. To most people there, he is known simply as “Mr. Bob.” He departs on Thursday after serving as Gaza director of the United Nations Relief and Works Agency for three years — or, put another way, through two wars between Israel and Hamas, the militant group that controls the coastal enclave. Mr. […]

China’s biggest stock-market rout since 1992 has done nothing to erode the bullish outlook of Goldman Sachs Group Inc. Kinger Lau, the bank’s China strategist in Hong Kong, predicts the large-cap CSI 300 Index will rally 27 percent over the next 12 months as government support measures boost investor confidence and monetary easing spurs economic growth. Leveraged positions aren’t big enough to trigger a market collapse, Lau […]

U.S. crude tumbled about 2 percent on Tuesday, sinking for a second straight day as investors fled to safe havens on worries about a near-bankrupt Greece and China’s stock market losses and as technical selling threatened to push oil into a bear market. Iran’s determination to seal a nuclear deal with global powers to bring more of its crude to an oversupplied market and the restart of […]

INTERNATIONAL. This is now officially a Greek tragedy. In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down. The vote clearly was not help by the fact that the actual vote: Yes or No […]

UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]

INTERNATIONAL. Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk. It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5. The outlook for Q3, therefore hangs in the balance, […]

Advertisements

Palestinians carrying the body of Muhammad Hani al-Kasba in the Qalandia refugee camp in the West Bank, on Friday. By ISABEL KERSHNER July 3, 2015 JERUSALEM — Israeli forces shot and killed a Palestinian teenager in the occupied West Bank on Friday as he and others hurled stones and rocks at their army vehicle, the Israeli military said, while Palestinian Authority security forces in the West Bank arrested more […]

NEW DEVELOPMENT BANK TO HELP EMERGING ECONOMIES   By S. Sethuraman   Russia hosts a landmark summit of the five-nation BRICS at…

Saudi Arabia … expanding population base ofbrand-conscious consumers.Image: Bigstockphoto. For illustration only. Mall rental rates curbing retail growth in Saudi DUBAI, 15 hours, 58 minutes ago High rental rates in the top-tier malls are deterring the growth of Saudi Arabia’s retail market, a report said, noting that the kingdom is currently facing a great challenge due to scarcity of human resources owing to high attrition rates. Availability […]

UAE. Short-term real interest rates (US) will remain near zero for more than three years, according to the majority of institutional investors, academics and policy makers polled at the AQR Asset Management Institute’s inaugural Perspectives event, at London Business School. At the start, delegates were asked how much longer they expected short-term real interest rates (US) to remain near zero, with 38% answering more than three years. […]

Dubai’s Awqaf and Minors Affairs Foundation (Amaf) launched a donation campaign on Thursday for the Salma food relief programme in an attempt to produce and distribute one million, long-life, halal meals to victims of wars and natural disasters around the world in 2015. The project, named after the UAE’s first female Emirati nurse, Salma Al Sharhan, will provide food packaged to withstand extreme weather conditions and remain […]

The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March 5, 2015. Reuters/Jim Young Yelp Inc (YELP.N), operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. The company has had several interested suitors after which it hired Goldman Sachs Group Inc (GS.N) to help find a buyer, Bloomberg said on […]

MUMBAI Indian property firm Housing.com, backed by Japan’s SoftBank, ousted its co-founder and chief executive officer on Wednesday, marking the first major management upset at one of the country’s largest start-ups. Housing.com’s boss Rahul Yadav had been at odds with his investors for months and even resigned in April in a letter where he was highly critical of the company’s investors. He later withdrew that resignation. But […]

UAE. 85 percent of financial institutions from around the world reported that their boards of directors currently devote more time to oversight of risk than they did two years ago, while 79 percent felt that increasing regulatory requirements and expectations were their greatest challenge, according to the ninth edition of Deloitte’s Global risk management survey. In addition, the most common board responsibilities are approving the enterprise-level statement […]

JERUSALEM — An Israeli man died Tuesday after being shot in the West Bank the night before. Palestinian gunmen are suspected in the attack on the victim, Malakhi Rosenfeld, 26, a student at the Hebrew University of Jerusalem, and three other Israelis as they rode in a car near an Israeli settlement. Also Tuesday, Israeli security guards shot and wounded a Palestinian man at the Kalandia crossing […]

The United Church of Christ, one of the largest Protestant denominations in the United States, overwhelmingly approved a resolution Tuesday calling for divestment from companies that profit from Israel’s occupation or control of Palestinian territories and to boycott products from Israeli settlements. Approval came at the church’s general synod in Cleveland, where delegates voted 508 to 124 in favor, with 38 abstentions. It was one of two […]

|TAP Special|Emirates has released a point-by-point rebuttal of subsidy allegations, asserting that the US legacy carriers got the facts wrong, got the law wrong, and set their sights on an outcome that will be wrong for American consumers, communities and the national economy. This is the airline’s response to allegations of subsidy and unfair competition leveled by the “big three” US legacy carriers – Delta, United and […]

DUBAI // Ramadan is a less stressful time despite the late nights, poor sleep and grumpy mornings, a survey shows. The Sleep Cycle survey of 1,000 residents looked into the sleeping patterns of residents during the holy month. Only 34.7 per cent of respondents said they felt stressed, compared with 37.9 per cent who felt under pressure the week before Ramadan. › View the results: Hours slept […]

Shares of the biggest U.S. banks fell, led by a 2.2 percent decline in Citigroup Inc., after talks to provide Greece with additional bailout aid failed and the Greek government imposed capital controls. The Standard & Poor’s 500 Financials Index slid as much as 1.1 percent, the biggest decline in almost seven weeks. JPMorgan Chase & Co., the largest U.S. bank by assets, dropped 1.9 percent and […]

Dubai real estate developer Limitless has taken a step closer to securing a second restructuring on debt outstanding from Dubai’s property crash six years ago. It said on Monday it would repay 2.07 billion dirhams ($564 million) to creditors and has won the approval of almost 90 percent of banks to extend its remaining debt to December 2018. Limitless is seeking to follow in the footsteps of […]

Two freshly delivered Amazon boxes are seen on a counter in Golden, Colorado August 27, 2014. Reuters/Rick Wilking/Files   CHICAGO Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the […]

BEIRUT, Lebanon — Thousands of Kuwaitis, both Sunnis and Shiites, marched Saturday in a funeral procession for the 27 victims of a suicide bombing at a Shiite mosque during communal prayers the day before, an attacked claimed by the jihadists of the Islamic State group. The Kuwaiti authorities were questioning a number of people to determine whether they were connected to the plot, and the Interior Ministry […]

Monsoon covers entire India ahead of schedule – weather office  Full Article  Bad weather, rugged terrain caused U.S. chopper crash in Nepal – army  Full Article  Union Bank of India gets shareholders’ nod to raise $581 million.  Full Article  Lankan great Sangakkara to quit during India series.  Full Article  Batting powerplays gone from ODIs in bonus for bowlers  Full Article  Bill Cosby’s lawyer says revealing court documents would cause “embarrassment”.  Full Article  Obama […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Gulf states formalise joint railway operating framework // European refrigeration hacks expose Gulf retail security risks // UAE non-oil trade climbs to AED 2.945 trillion // Houthi missile barrage damages Aramco tower in Riyadh // Trump’s Defeat In Midterm May Lead To Both Challenges And Opportunities For Indian Economy // Vasavan alleges one-man show by CM Satheesan // Setback for Usha in Olympic body // Recognition under the U.S. Green Building Council’s rating system confirms the 22-residence tower is on track for full certification on completion // Deemed status for high-performing aided colleges // From Seoul to Wuzhen: Korean Celebrities and Creators Spark a Water Town Slow-Living Trend // Lula commits to budget discipline after election victory // Trump directs Justice Department scrutiny of Democratic threats // Republicans Struggling To Come Out Of Nov 3 Debacle To Prepare For 2028 Prez Polls // EU challenges TikTok video rankings over harmful content loops // Bank of England flags sharper AI share correction risks // Rubio rejects prospect of imminent Iran peace breakthrough // NIA Highlights Three Exemplary Breakthroughs from National Innovation Awards, Driving Thailand Toward a Global ‘Innovation Nation’ // LNG tanker exits through Hormuz reach wartime peak // Abu Dhabi property transaction value climbs 76.1 percent // AutoSwift secures close to A$10 million from Singapore’s X Star Technology to scale AI WINGMAN //