TOPICS
FINANCE

Green grows my garden: Spreading roots of ethical investment

Thursday, 18 January 2018

As societies begin to grapple with global environmental issues, the art of investing and lending for environmental goals has now taken root promoted by bold venture capitalists and investment managers. Green finance is no longer a fringe industry but is spreading its roots pushed by like minded governments and technological breakthroughs in alternative energy and environmentally friendly solutions. Ignoring this trend comes at a risk to traditional investment and finance managers. Climate ...

Dr. Mohamed A. Ramady

Egypt’s finance minister expects inflation rate below 20 percent next month

Wednesday, 10 January 2018

Egypt’s inflation is expected to fall below 20 percent next month and to 10 to 12 percent during 2018, Finance Minister Amr El Garhy said on Wednesday. Annual urban consumer price inflation fell to 21.9 percent in December from 26 percent in November, the official statistics agency, CAPMAS, said earlier on Wednesday. “It’s a better than good indication and puts us on a good path,” said Garhy. He expected the rate to fall below 10 percent in 2019. Inflation has climbed ...

Amr Banaja: Of CSR, Vision 2030 and financial literacy in Saudi Arabia

Wednesday, 3 January 2018

For all intents and purposes, Amr Ahmed Banaja is just another Saudi-born Western-educated executive who has climbed up the corporate ladder. But there are things that differentiate Amr Banaja from others of his ilk. Amr has worked in some of the most happening industries – banking and real estate to name just two – and some really prominent companies such as Kodak, Gillette and Unilever. In the process, he has witnessed the transformation of key Gulf markets such as the UAE and ...

Riyadh: No special treatment for any suspended official in corruption cases

Sunday, 5 November 2017

Saudi Arabia announced on Sunday that the arrested officials in corruption cases would not receive special treatment due to their “positions”. “The suspects are being granted the same rights and treatment as any other Saudi citizen,” Attorney General Sheikh Saud bin Abdullah bin Mubarak Al-Mujeb, and member of the supreme anti-corruption committee formed by Royal Order on Saturday by King Salman, said in a statement . “A suspect’s position or status does not ...

Financial crisis forces Qatar to sell UACC, but Saudi Arabia owns the decision

Sunday, 22 October 2017

Qatar’s crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the matter said. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism. The dispute has hit Qatar’s financial sector, with banks in neighboring Arab states ...

The continuing allure of Islamic finance

Sunday, 3 September 2017

With the total Islamic finance industry estimated at around $ 1.9 trillion in assets for year end 2016, this market segment pales into insignificance compared with traditional finance. However of particular interest is the growing popularity of Islamic finance from both Muslim and non-Muslim financial institutions and investors. Islamic assets are heavily concentrated in the banking sector which holds $1.5 trillion of the total, with Islamic bonds or sukuks worth $320 billion, and investment ...

Dr. Mohamed A. Ramady

Softening up a hard Brexit or a hard-hard exit?

Tuesday, 15 August 2017

The UK public and those watching the changes and nuances of the aftermath of the Brexit vote are becoming more confused on the eventual Brexit divorce: a soft or hard exit and what does this mean in practical terms especially for free movement?After a rather uneventful second preliminary round of Brexit talks several weeks ago, the United Kingdom and European Union negotiators broke off for the summer recess, postponing the most politically sensitive topics until after the September 24 German ...

Dr. Mohamed A. Ramady

Qatari banks lost half of its investors and were downgraded in the same week

Thursday, 10 August 2017

Qatari Banks are lost almost half of their traditional investor base and have been downgraded to a negative status by Moody’s all in the same week. A cut of trade, economic and political ties from the quartet of Saudi Arabia, United Arab Emirates, Bahrain and Egypt due to Qatari funding of extremism and support of terrorist groups has resulted in the outflow of foreign funds from the country. Moody’s warned that the prolonged regional dispute could trigger some outflows of foreign ...

What should I expect from a financial provider?

Wednesday, 26 July 2017

As a wealth manager, strategic advisor & business trainer, I am confronted regularly with somewhat serious challenges in the world of banking & finance. I therefore listed the main issues whereby any banking organization can leverage their service level and increase their strategic efforts, facing increased client expectations. Furthermore, this article should serve as a checklist for any client, dealing with financial service providers, when it comes to a certain level of service. You ...

Saudi finance ministry says 13 banks qualify for domestic sukuk program

Tuesday, 18 July 2017

Saudi Arabia’s finance ministry said on Tuesday that 13 domestic banks had qualified to participate in the government’s planned issuance program for local currency Islamic bonds. Alinma Bank assisted with structuring the sukuk, the ministry said in a brief statement which did not give further details or specify when issuance would start. It said any issues would be at the ministry’s discretion. Finance minister Mohammed al-Jadaan told Al Arabiya television last week that local ...

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