“Investor appetite continues to be strong, particularly for assets offering secure long-dated income in the regional markets, providing attractive cash on cash returns. ADIB remains committed to providing financing to investors that are seeking attractive returns within the real estate sector,” said Paul Maisfield, head of UK real estate at ADIB.
Switzerland’s largest online bank has announced intentions to develop its own digital currency trading platform by the end of the first half of 2022. Sales Manager at Swissquote, Jan De Schepper, disclosed that the online bank’s aspirations include setting up its own cryptocurrency trading platform, in a recent interview with finews.asia.
Total assets of banks in the Gulf Cooperation Council have increased by 3.1 percent in the first half of 2021 compared to the figures at the end of 2020. The commercial banks operating in the GCC countries reported a hike in their assets to $2.6 trillion, according to a report released by the GCC-Stat.
Participants in the forum will discuss the impact of Islamic banking on economic development, the Kingdom’s regulations in Islamic banking, Islamic digital banking in Saudi Arabia, and the role of Islamic banks in entrepreneurship, among other discussions.
Moody's Investors Service expected the outlook for GCC banks to be stable over the coming 12 to 18 months, backed by economic recovery in the region as well as higher oil prices, according to a report on Tuesday.
The Economic Development Board announced the launch of the investment platform invest.bh that allows investors to access investment opportunities in the Kingdom's strategic projects as part of Bahrain's Economic Recovery Plan which saw the announcement of strategic projects worth more than USD30 billion.
Cryptocurrencies such as Bitcoin and Ethereum and global markets were sent into a tailspin following the emergence of the fast-spreading Omicron COVID-19 variant.
Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, Tuesday signed a Memorandum of Understanding (MoU) to facilitate strategic cooperation between the two institutions.
State-run Banque du Caire has signed a memorandum of understanding (MoU) with Tamweely Microfinance to provide microenterprises, business owners, with digital payment and collection services, Ahram Gate reported on Tuesday.
The Public Investment Fund (PIF) and stc increased the size of stc’s secondary public offering by 19.8 million shares from 100.2 million shares, or 5.01% of stc’s share capital to 120 million shares, or 6% of capital.
The Abu Dhabi Securities Exchange (ADX) announced on Wednesday that it will follow a new trading schedule next year in view of the UAE’s decision to shift to a Saturday-Sunday weekend.
The Turkish lira has fallen to a new record low amid fears that the central bank will make a further cut in interest rates later this week. At one point, it was down nearly 7% at just under 15 to the dollar, but it recovered slightly after the bank intervened in the market to prop it up.
The Office for National Statistics (ONS) said the increase, which exceeded City forecasts of a rise to 4.8%, took the consumer prices annual rate to its highest level since September 2011, when it stood at 5.2%.
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