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Results for
Finance
23 Results-
Dubai regulator fines Emirates REIT manager over asset report
Dubai Financial Services Authority (DFSA) said on Wednesday it had fined Equitativa, the manager of a sharia-compliant real estate investment trust, ... Property -
In pictures: The latest four distinguished professionals to receive Saudi citizenship
Several distinguished talents and experts were granted citizenship in Saudi Arabia after a royal decree was passed on Thursday, with the identities of ... Gulf -
UN urges G20 to ensure net-zero commitments made by finance sector
The United Nations called on Wednesday for the world’s biggest economies to ensure net zero commitments made by financial institutions were robust, ... World News -
Saudi Arabia holds meeting to discuss current, future investments in smart cities
Saudi Arabia’s finance minister Mohammed al-Jadaan and the president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun held a virtual ... Technology -
GCC funds expect performance boost from ESG, Islamic finance: Moody’s
Fund managers in the six-country Gulf Cooperation Council expect strong growth over the next year, supported by growing demand for Islamic products ... Banking & Finance -
Chinese regulators pledge tighter supervision, new rules for finance industry
Chinese officials pledged to tighten supervision in the financial services industry, suggesting a recent regulatory onslaught on the private sector ... Banking & Finance -
S&P cuts Kuwait’s rating, citing lack of deficit-financing strategy
Ratings agency S&P Global Ratings cut Kuwait’s rating by one notch citing the Gulf state’s lack of a funding strategy to finance its deficit.Hit hard ... Economy -
Qatar National Bank’s half-year net profit up 6 percent as loans expand
Qatar National Bank (QNB), the Gulf’s biggest lender, posted a 6 percent increase in six-month net profit, helped by strong loan growth, it said on ... Banking & Finance -
US’s Yellen says will try to address concerns of tax deal holdout countries
US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto ... Economy -
Emirates Airline launches alternative payment solution for flight tickets
Dubai-based Emirates Airline has launched Emirates Pay, a new industry payment solution for purchasing flight tickets, Dubai Media Office reported on ... Technology -
Emirates Global aluminum in talks to refinance $6 bln loan: Sources
Emirates Global aluminum, one of the world’s largest aluminum producers, is in talks with banks to refinance and change the terms of a loan of about ... Economy -
China urges Alipay, top banks to crack down on cryptocurrency trading
China summoned officials from its biggest banks to a meeting to reiterate a ban on cryptocurrency services.Representatives from Industrial and ... Technology -
Oman picks banks for second debt sale in 2021 with dollar sukuk: Document
Oman picked banks including Citigroup Incand HSBC Holdings Plc for its second Islamic bond offering this year.Citigroup, Gulf International Bank, HSBC ... Banking & Finance -
‘Buy now, pay later’ players tackle GCC’s credit conundrum
Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth ... Banking & Finance -
UK finance minister says Scottish independence vote risky for economic recovery
A referendum on Scottish independence would put Britain’s economic recovery from the COVID-19 pandemic at risk, British finance minister Rishi Sunak ... Economy -
Tunisia has asked for IMF finance program, letter seen by Reuters shows
Tunisia has asked the International Monetary Fund for a new financing program, an IMF letter seen by Reuters shows, and is preparing to start talks ... Economy -
Turkey’s central bank holds main interest rate at 19 pct under newly appointed chief
Turkey’s central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdogan sacked its ... Economy -
Saudi wealth fund PIF to support corporate credit growth: S&P
Investments by Saudi Arabia’s wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, ratings agency S&P ... Economy -
Turkish lira hits weakest level in three weeks
The Turkish lira hit its weakest level against the dollar in nearly three weeks on Wednesday, remaining under pressure after the government defended a ... Economy -
Norway to spend an extra $1.9 bln to aid pandemic-hit businesses, municipalities
Norway’s government on Friday proposed 16.3 billion Norwegian crowns ($1.9 billion) in extra fiscal spending this year to aid municipalities and ... Coronavirus -
Coronavirus: Tokyo stocks close down on first trading day amid concerns of third wave
Tokyo stocks closed down on Monday, the first trading day of the year, after a volatile session with investors nervous as the government weighs ... Financial Markets -
Turkish finance minister says judicial reforms crucial to boost investments
Turkey’s planned judicial reforms are of “great importance” to improve the investment environment, Finance Minister Lutfi Elvan told parliament late ... Economy -
NMC Health gets operating reprieve with $250 mln loan
Hospital operator NMC Health has secured a $250 million financing facility which will allow it to continue to provide healthcare, its administrators ... Banking & Finance
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