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GPSSA hosts annual seminar for Civil Retirement and Social Insurance Authorities in GCC

ABU DHABI, 5th June, 2023 (WAM) — Senior investment and pension experts from across the Gulf Cooper

UAE banks funding profile remains strong: S&P

Arabian Post Staff UAE banks are in a comfortable net external asset position and their loan to deposit ratios are among the strongest in the region, S&P said in a report on GCC banking. Banks have been accumulating local deposits over the past 15 months amid muted lending growth. S&P said it does not expect an acceleration of lending, so UAE banks’ funding profiles should continue to […]

DFWAC organises ‘Al Khawaneej Treasure Hunt’

Dubai’s ICD reports Dh36.1b net profits in 2022

By Saifur Rahman Investment Corporation of Dubai (ICD), an investment arm of Dubai Government whose portfolio includes Emirates Airline and Group, FlyDubai, Emirates NBD Bank, Dubai Islamic Bank, Commercial Bank of Dubai, Ithra, Dubai Duty Free and other important assets, reported a 58 percent jump in revenue exceeding Dh267.4 billion (US$72.86 billion) in 2022, up from Dh98 billion (US26.7 billion) in 2021 with a record net profit […]

Positive Revision – Fosun’s Ratings Affirmed by S&P Global Ratings

With continuous efforts to optimize capital and asset base, Fosun’s short-term liquidity pressure has been greatly eased and its credit rating outlook has been raised by an international rating agency HONG KONG SAR – Media OutReach – 30 May 2023 – International rating agency S&P Global Ratings issued a report, raising Fosun International Limited’s (HKEX stock code: 00656, “Fosun International”) rating outlook to stable. S&P Global Ratings […]

New Parliament Symbolises Hindutva’s Aim To Return To Monarchy

By Arun Srivastava In one stroke, Prime Minister Narendra Modi has changed the basic character and image of India from being a symbol of pluralist, secular state having democratic, social, cultural and political ethics to a country exemplifying Brahminical culture and Hindutva ideals. Though India would continue to be regarded as a republic, Modi’s action […]

The post New Parliament Symbolises Hindutva’s Aim To Return To Monarchy first appeared on IPA Newspack.

Forced Labour In India Highest In The World At Present

By Dr. Gyan Pathak Forced labour in India is the highest in the world. About 11 million are presently under forced labour in the country, according to the Global Slavery Index 2023, released by Walk Free Foundation. The Global Slavery Index is a national breakdown of the extent of modern slavery in 160 countries. It […]

The post Forced Labour In India Highest In The World At Present first appeared on IPA Newspack.

Greece Heads For Second National Elections As Coalition Talks Fail

By Satyaki Chakraborty Greece is heading for another general elections next month, possibly on June 25 as the ruling National Democracy Party refused to form a government with the other contending parties and pitched for holding another general election to allow the party with the largest seats to get majority and run the new administration […]

The post Greece Heads For Second National Elections As Coalition Talks Fail first appeared on IPA Newspack.

Sheikh Shakhboot bin Nahyan delivers welcoming remarks at ‘Africa Day’ event at Ministry of Foreign Affairs

BingX Sponsors Bitcoin 2023 and Celebrates 5th Anniversary in Miami

SINGAPORE – Media OutReach – 25 May 2023 – BingX, one of the leading crypto exchanges, is proud to recap their presence at The Bitcoin 2023 conference that was held this past week in Miami. The conference itself featured unique activations, attendee experiences and an agenda of builders, politicians, business leaders and more of the most influential people in the world sharing their insight into this technological, […]

RBI Needs To Be More Forthcoming On Withdrawal Of Rs 2000 Notes

By K Raveendran The abrupt announcement by RBI, withdrawing all Rs 2,000 notes from circulation, seems to have much more than what meets the eye. Going by the explanations provided so far, it is increasingly clear that there is plenty of room for the regulator to be more forthcoming on the decision. The RBI is […]

The post RBI Needs To Be More Forthcoming On Withdrawal Of Rs 2000 Notes first appeared on IPA Newspack.

Sharjah announces establishment of ‘King Sejong Institute’

SHARJAH, 23rd May, 2023 (WAM) — The Department of Government Relations (DGR) in Sharjah has announc

US Debt Default May Be Unlikely But India Has To Be Ready With Precautions

By Anjan Roy The global financial circles are agog with speculation about the prospects of the US government defaulting on its payments. This is because the two major parties in America have so far failed to agree on raising the ceiling of US government borrowing. This is currently at $25 trillion. The Biden  government has […]

The post US Debt Default May Be Unlikely But India Has To Be Ready With Precautions first appeared on IPA Newspack.

Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections

By Satyaki Chakraborty Greece Prime Minister Kyriakos Mitsotakis won the national elections in Greece on Sunday comfortably after his New Democracy Party secured 40.79 per cent votes with 146 seats in the new Parliament consisting of 300 seats. The PM who played a role in the economic recovery of Greece in the last two years, […]

The post Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections first appeared on IPA Newspack.

Pakistan Film ‘Joyland’ Is A Fine Human Document On Transgender Struggle

By Maria Duarte A traditional family in Lahore, Pakistan, is ripped apart when the youngest son becomes infatuated with an ambitious trans starlet in Saim Sadiq’s impressive debut feature which explores sexual fluidity, love, desire, and rebellion within a repressed patriarchal society. Haider (a phenomenal Ali Junejo) is unemployed and a stay-at-home husband, cooking for […]

The post Pakistan Film ‘Joyland’ Is A Fine Human Document On Transgender Struggle first appeared on IPA Newspack.

US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions

By Prabhat Patnaik Under pressure from globalised finance capital, most countries of the world have enacted legislation fixing the size of the fiscal deficit as a proportion of GDP; generally it is 3 percent, and in India it is 3 per cent for the centre and 3 per cent for the states. The US however […]

The post US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions first appeared on IPA Newspack.

Living with bubbles

By Matein Khalid Bubbles are a recurrent phenomenon in financial markets, from Dutch Tulips in Rembrandt’s Amsterdam to Kuwait’s Souk al Manak, Japan’s Nikkei Dow to the dotcom debacle in 2000, the credit bubble in 2007 to the crypto SPAC roller coaster in 2021 and now the global hype over artificial intelligence (AI). Is there a bubble in AI stocks even though some have been blowout winners […]

PM Narendra Modi’s Ever Changing Narratives Lose Their Shine

By Dr. Gyan Pathak Prime Minister Narendra Modi has always been shifting the goalposts before, during, and after elections. He has been aggressively inventing, creating and using his narratives to his own political benefit while keeping Hindutva as a constant factor to benefit from the entire RSS family’s activities in the country. His strategy has […]

The post PM Narendra Modi’s Ever Changing Narratives Lose Their Shine first appeared on IPA Newspack.

Impending US debt default?

Dr. Imran Khalid As US President Joe Biden prepares to reengage in negotiations with House Speaker Kevin McCarthy and other influential Republicans on the critical issue of the debt ceiling to find common ground amidst a landscape riddled with challenges, constitutional experts warn of the potential ramifications should the they fail to forge an agreement on this matter. The stakes are high. Inaction or an impasse in […]

Family and health overtake professional success as most important priorities post pandemic: new Prudential and Economist Impact report

70 per cent of people in Asia surveyed say how they define success has changed in the past few years 46 per cent cite spending more time with family as the most important aspiration today One-third of Asian respondents say they regularly make contributions to a retirement fund as a means of improving their financial health HONG KONG SAR – Media OutReach – 17 May 2023 – […]

Sordid Killings In Manipur Unmask The True Face Of BJP Govt And RSS

By Binoy Viswam Manipur was like trump card for the BJP. Since their first ascendance to power in 2017, with the calculated plan of a conquest they treated Manipur as their spring board for North East. BJP’s gaining of power in the state itself was through crooked ways. It had only 21 MLAs in the […]

The post Sordid Killings In Manipur Unmask The True Face Of BJP Govt And RSS first appeared on IPA Newspack.

USDToch Unveils On-Chain Lending Ecosystem for DeFi 2.0

NEW YORK, US – Media OutReach – 12 May 2023 – USDToch provides a lending solution for DeFi 2.0. Building on the existing enhanced capital utilization enabled by over-collateralized lending, it further enhances the investment returns on the staking side. It also plans to introduce traditional assets into the DeFi lending system in the form of RWA soon. Lending is one of the oldest economic activities in […]

Film ‘Kerala Story’ Is Full Of Lies And Fiction Based On The Vision Of RSS

By Binoy Viswam Day in and day out, the RSS-led parivar excels themselves in the fascist skills of propaganda. Learning lessons from Mussolini and Hitler, updating those lessons for the changing time and place, they sometimes outsmart even their masters. In 1937, inaugurating a movie production unit, Benito Mussolini gave the motto: “Cinema is the […]

The post Film ‘Kerala Story’ Is Full Of Lies And Fiction Based On The Vision Of RSS first appeared on IPA Newspack.

The Mauritius Commercial Bank Limited (MCB) launches its inaugural USD 300 million notes issuance on the London Stock Exchange

PORT LOUIS, MAURITIUS – EQS Newswire – 27 April 2023 – On Wednesday 19 April 2023, The Mauritius Commercial Bank Limited (“MCB”) (www.MCB.mu) successfully launched and priced its inaugural USD 300 million 5-year senior unsecured notes issuance (the “Notes”) under its USD 3 billion Global Medium Term Note Programme (the “Programme”). This Programme, rated Baa3 by Moody’s, was established on 28 October 2022 and approved for listing […]