Category Archive for "Finance & Banking"

Moody’s: Islamic banks’ strong liquidity driven by retail strengths and gov Sukuk availability

Moody’s Investors Service says that the liquidity coverage ratios (LCRs) of Islamic banks in key Asian and Gulf Cooperation Council (GCC) countries…

Saudi-based development bank issues RM350mil sukuk

KUALA LUMPUR: Saudi Arabia-based Islamic Development Bank (IsDB), whose shareholders comprise the 57 member countries of the Organisation of Islamic Cooperation, has…

Sukuk Al-Salam Securities fully subscribed

Manama, June 21 (BNA): The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al-Salam Islamic securities has…

KSA reveals $11.2bn domestic tourism investment

Research reveals domestic tourism growth in Saudi Arabia, with Mecca leading the list of destinations. Spending on domestic tourism in Saudi Arabia…

Saudi Arabia Said to Plan Fannie Mae-Style Mortgage Company

Saudi Arabia is working with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae…

Gold doing something it hasn’t done since 1998

With gold down more than 8 percent year to date, the beaten-down commodity is tracking for its third-straight year of losses. The…

18 books billionaire Warren Buffett thinks everyone should read

When Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages a day. Even now, he still spends about 80%…

Mobily Ventures invests in Fetchr

A Dubai-based start-up that improves delivery rates for e-commerce firms and promises a more reliable service for consumers has taken a high-profile…

Mobile money in developing countries: study reveals security flaws in apps

The developed world takes universal cashless payment systems for granted. From credit cards and online banking to massive scale business-to-business transactions, our…

10 cities that are unexpectedly becoming major financial centres

    The list of world’s biggest financial centers features some stalwarts — like New York, London, and Tokyo — that have stayed…

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