Skip to main content

Prime Minister welcomes UN appeal for Af...

ISLAMABAD: Prime Minister Imran Khan on Wednesday welcomed the UN’s pledge of more than $5 billion in funding for Afghanistan to avert the collapse of basic services in the war-ravaged country. The prime minister said the UN initiative was the result of a special meeting of foreign ministers of the Organization of Islamic Cooperation (OIC) […]

SCB publishes rules for electronic issua...

Riyadh — The Central Bank of Saudi Arabia (SAMA) has announced the publication of rules governing the electronic issuance and verification of the authenticity of bank documents. This is part of its ongoing efforts to improve the quality and efficiency of electronic services provided to banking customers. The aim is to facilitate financial transactions, save […]

Weatherbys hires former Barclays chief i...

Weatherbys Private Bank has appointed William Morris as Head of Investments. Morris (pictured) will manage the private banking global tracker portfolios and oversee its panel of third-party discretionary managers. He has over a decade of private banking experience in investment advisory and portfolio optimization roles with clients, most notably at Barclays where he served as […]

After supporting China Evergrande, this ...

He was once hailed as the future of China’s bank, a private lender that would strike money by outwitting public rivals. An unfortunate surge in home loans instead turned China Minsheng Banking Corp. one of the biggest victims of the real estate debt crisis that is shaking Asia’s largest economy. Beaten by growing losses on […]

Disposals of telecommunications assets a...

United States: Disposals of telecommunications assets are “Lumen” (podcast) January 11, 2022 Levine, Blaszak, Block & Boothby To print this article, simply register or connect to Mondaq.com. Lumen Technologies recently announced two major business divestitures that could earn them $ 10 billion in revenue and help the company refocus its strategy. In the first sale, […]

Federal government allocates $ 3.53 mill...

The federal government is planning new investments of 3.53 trillion naira in Nigeria’s housing sector to fill the country’s 17 million housing shortfall. The investment is to be made over the next four years as part of the government’s strategies to boost housing provision and ensure affordable housing for Nigerians. These allocations, according to the […]

Securian Financial announces promotions ...

ST. PAUL, Minnesota – (COMMERCIAL THREAD) – Securian Financial today announced several promotions and leadership transitions to pursue its strategic priorities. The company’s three solutions groups — Individual Solutions, Affinity Solutions and Solutions for Institutional Investors — have become four, with a new Benefits Solutions group emerging from Affinity Solutions. Bruce Shay, a 37-year Securian […]

Gulf, domestic funds propel QSE above 12...

The Qatar Stock Exchange broke the 12,000 point mark on Sunday, mainly due to strong demand for the real estate, insurance and banking sectors.Gulf institutions increasingly turned to net buying as the Qatar 20-stock index rose 52 points or 0.44% to 12,011.4 points, recovering from an intraday low of 11 925 points.Domestic funds turned bullish […]

Venture Capital’s Interest in Crypto Spi

The love affair between venture capitalists and cryptos shouldn’t end anytime soon. More than 120 companies had made at least two investments in blockchain companies by mid-2018, FX Empire wrote. The interest of venture capitalists in cryptos has increased in recent years. Institutional Investor reports that venture capital firms invested $ 32.8 billion in crypto […]

How Some Americans End Up With No Credit...

Is the amount of money someone earns preventing them from getting a desirable credit score? Or their race and ethnicity? The answers: No, absolutely not. Some consumers think the exact opposite, but your income, race, or ethnicity is not used to calculate your personal credit score and does not increase or alter your score. Still, […]