Nobel laureate Prof. Yunus: Today’s financial order is a ticking time bomb

Thursday, 8 March 2018

Despite his mild manners Prof. Muhammad Yunus is easily recognizable in the crowd. It seems years of toil, and the recognition of his contribution to the world of finance, has added to his charm and remarkable humility. The Nobel laureate is also a great communicator of ideas - those he propagates as well as those he detests. What strikes you is the clarity with which he explains his views. Speaking to Al Arabiya English on the sidelines of the Emirates Airline Festival of Literature, Prof. ...

Abu Dhabi considering guide to regulate virtual currency exchange

Monday, 12 February 2018

Abu Dhabi’s Financial Services Regulatory Authority (FSRA)is developing and considering a framework to regulate and supervise virtual currency activity.The FSRA issued its first regulatory guide in October, which states that virtual currencies are considered commodities therefore the derivative trading will be regulated under Financial Services and Markets Regulations, however, spot trading will not.The also advised consumers of virtual currencies to take caution when making large ...

Egypt's finance minister: Budget deficit at 9.4 pct/GDP in 2017-18

Tuesday, 30 January 2018

Egypt’s budget deficit for the 2017-2018 fiscal year is expected to reach 9.4 percent of gross domestic product (GDP), up from previous projections of about nine percent, the deputy finance minister told Reuters on Tuesday. The rise is due to an increase in global oil prices and high local interest rates, Mohamed Meait said.

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

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