Fed Chair Jerome Powell told reporters the central bank would make better decisions if it waited a few months to...
London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the...
Manama, Bahrain - This week’s BD 70 million issue of Treasury Bills of Government of Bahrain have been oversubscribed by...The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain
The weighted average rate of interest is 6.15 percent compared to 6.11 percent in the previous issue on June 21
The more positive environment came as concerns over Russia subsided following an aborted uprising, though developments in the nuclear-armed country...With the events in eastern Europe a little less worrying for now, focus has returned to the battle against surging inflation, which has dogged global markets this year.
Fed's warning last week that rates would likely need to go higher dealt a blow to hopes that officials were at the end of close to completing their tightening cycle.
Doha, Qatar--The increasing availability of government sukuk and Islamic liquidity management tools by the Qatar Central Bank supports liquidity management...The ratings agency expects the market share to increase overall in 2023 because of high public demand and strong retail networks
Fitch believes the launch of treasury sukuk in 2022 is a structural improvement as it adds to Islamic banks' short-term liquidity tools
Abu Dhabi, UAE--The International Security Alliance (ISA) has seized narcotics estimated to be worth US$750 million from a large transnational...Led by the ISA and Ameripol, the operation saw the participation of 22 countries across the Middle East, Africa, Asia, Europe and Latin America
Founded in 2017 by the UAE and France, the ISA coordinated the operation from its secretariat in the UAE with the aim of fighting organized crime
- Doha, Qatar-- Qatar and Argentina are looking to bolster ties and in this regard Qatar Chamber of Commerce and Industry...
The agreement between the two will attempt to enhance and diversify trade exchanges and economic cooperation between the two countries
Qatar Chamber also reviewed ties with Uganda Chamber of Commerce to design the path for increased coopeation between the two entities
- Tehran, Iran-- Qatar and Iran have agreed to bolster ties in the labor sector with the aim of raising capacities,...
The two sides discussed bilateral cooperation in labor affairs, including the adoption of occupational standards and labor inspection in establishments
Qatar, according to its labor minister, has emerged as a leader in labor market reforms after a series of legislative changes to the country's labor laws
Abu Dhabi, UAE-- Prominent Abu Dhabi companies are taking part in Impower Fund Forum, the largest asset and wealth management...Set to take place in Monte Carlo, Monaco, it is considered to be the largest asset and wealth managment conference in Europe
The forum will be an opportune platform for Abu Dhabi companies to showcase their accomplishments and engage with industy players
- Dubai, UAE - National banks in the UAE have increased their credit financing to the business and industrial sectors by...
The data reveals that the UAE banks provided a total of $201 billion to the business and industrial sectors by April 2023
Traditional banks were the primary source of credit financing for these sectors, providing $184 billion or 82.5 percent of the total
Despite a global economic slowdown in 2022, high-net-worth individual wealth in the region experienced growth on the back of strong...Despite a global economic slowdown in 2022, high-net-worth individual wealth in the region experienced growth on the back of strong earnings in the oil and gas sectors
Globally, HNWI wealth and population declined, with North America experiencing the sharpest decline. HNWIs have shifted focus to value and prioritized wealth preservation
Abu Dhabi, UAE -- Institutional investors bought more local stocks than they sold in the Abu Dhabi Securities Exchange (ADX)...Net purchases by institutional investors totaled AED 5.6 billion ($1.52 billion), after buying stocks worth AED165.4 billion and selling AED159.7 billion in stocks.
Institutional investments accounted for some 78 percent of the total trading volume, both buying and selling, in both markets since the start of the current year.
