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The 4th Annual Business Tabloid Awards, conducted at Atlantis The Palm, Dubai, UAE, on the 19th of January, 2023 witnessed a wonderful gathering of global award winners from the best organizations of the world. One of the esteemed participants, Almarai Company bagged the Best Shariah Compliant Deal 2022 award. Business Tabloid was proud and honored […]
According to H.H. Sheikh Mansour bin Zayed Al Nahyan’s vision, the Central Bank of the UAE (CBUAE) today launched its Financial Infrastructure Transformation Programme (FIT programme) to speed up the digital transformation in the financial services sector as part of a larger strategy aimed at enabling the CBUAE to be among the top central banks […]
Aftermarket participants voiced concerns over the eligibility of the Indian conglomerate’s companies for certain of its indexes, index provider MSCI announced on Thursday that it had decided that some Adani stocks should no longer be labelled as free float. It stated that as part of its routine assessment for February, changes for Adani securities linked […]
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
LMR, the $9.8 billion hedge fund is opening a location in Dubai as part of its strategy to grow within the UAE. The London-based company has a licence from the DIFC and is upbeat about opportunities in the UAE, which has emerged as the top destination for foreign millionaires. According to a source with knowledge […]
The largest cryptocurrency exchange in the world, Binance, has abandoned a plan to help its smaller rival FTX. According to Binance, the purchase will not be pursued after due diligence. It claimed that information about “mishandled customer funds and alleged US agency investigations” had influenced its choice. A “liquidity crunch” brought on by a spike […]
The largest cryptocurrency exchange in the world, Binance, has bailed out one of its biggest competitors, FTX, in a move that is being hailed as a huge upheaval in the cryptocurrency industry. A wave of withdrawals has decimated FTX, and Changpeng Zhao, CEO of Binance, is taking action to prevent a collapse of the cryptocurrency […]
The bond market will provide its opinion on Jeremy Hunt’s weekend revision of Prime Minister Liz Truss’ economic plan on Monday, providing an early test of his efforts to stop the crisis of confidence in her. On Friday, Truss fired Kwasi Kwarteng and appointed Hunt as her new chancellor of the exchequer in an effort […]
In order to combat inflation that is approaching a 14-year high, Singapore tightened its monetary policy for the fourth time this year as anticipated. However, it left the door open for additional policy action while highlighting risks to the economic and price outlook. The action by the Monetary Authority of Singapore (MAS) continues a coordinated […]
The United Nations Development Programme (UNDP) added its voice to the chorus of organisations and charities warning that a severe debt crisis is now settling in the world’s most underdeveloped regions. The warning comes as the World Bank and IMF convene in Washington this week amid growing concerns about a worldwide recession and a wave […]
To develop a buy-now-pay-later (BNPL) solution for both in-store and online businesses, Paymob, the omnichannel payments facilitator, and Tabby, the regional payments and shopping app, have partnered. Over 120,000 merchants in the North African nation use Paymob, which is supported by the Egyptian central bank. According to Tabby, there are more than 2 million users […]
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that of the rest of emerging Asia for the first time in more than three decades due to COVID lockdowns. The group lowered its projection for China’s GDP in 2022 from 5.0% in April to 3.3% […]
