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China, Hong Kong shares advance as Fed rate rise bets boost financials
(Reuters - 21/09/2017)

China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. The Fed on Wednesday said it

EU seeks post-Brexit powers over foreign finance firms
(Arab News - 21/09/2017)

The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law, presented by European Commission vice president Valdis

Brexit suspense casts shadow over UK as an Islamic finance hub
(Gulf Times - 20/09/2017)

Uncertainty over the UK’s future status as a financial hub after the country will have left the European Union (EU) probably by 2019 is already casting a shadow over London’s agile Islamic finance sector. Generally, it is estimated that London would lose

Malaysia, Indonesia Need To Invest More In Islamic Finance
(BERNAMA - 19/09/2017)

Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today. In a statement here today, its Chief Executive Officer, Arsalaan Ahmed, said the growth

Demand for green Islamic bonds set to grow, MIFC says
(Asia Assets Management - 19/09/2017)

The Malaysian and global green sukuk, or Islamic bond, markets are expected to continue to grow, thanks to increasing investor interest in sustainable investing, according to the Malaysian International Islamic Financial Centre (MIFC). “The growth

World markets advance on easing tensions
(The Gulf Today - 19/09/2017)

Global stock markets rose on Monday, buoyed by cooling geopolitical tensions before this week’s US interest rate call. Asia kicked off the firmer trend, followed by London, Frankfurt and Paris which rose on burgeoning investor optimism after yet another

Egypt plans more Eurobond issues
(Arab News - 18/09/2017)

Egypt will issue a €1.5 billion ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned to

Family offices look to emerging market equities for yield
(Gulfnews - 17/09/2017)

Companies that manage portfolios for individual families are looking to increase investments in emerging arkets after higher equities helped them achieve average returns of 7 per cent in 2016, according to a report by Campden Research and UBS. The

EU working on digital tax to stem outflow of `bags of money’
(Gulfnews - 17/09/2017)

European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc and Facebook Inc to raise money from an industry that they say provides less than it should to public coffers. French Finance Minister Bruno Le

China’s economy losing some steam as investment growth hits 18Y low
(Reuters - 14/09/2017)

China posted a rare flurry of disappointing data on Thursday — including its slowest growth in investment in nearly 18 years — suggesting the world’s second-largest economy is finally starting to lose some momentum as borrowing costs rise. Factory output

Weak China data knocks global stocks off record highs
(Reuters - 14/09/2017)

World stock prices pulled back from record highs after weaker-than-expected Chinese economic data, while sterling held steady before a Bank of England rate decision later on Thursday. Chinese real estate investment picked up last month, but factory

German economy to grow by more than 2% this year
(Times of Oman - 14/09/2017)

The German economy is set to grow by more than two per cent this year adjusted for calendar effects, which would be the strongest rate in six years, the BDI industry association said on Tuesday as it lifted its growth forecast for Europe's biggest

Jordan attracts tourists with the promise of adventure
(Arab News - 14/09/2017)

From the guesthouse roof, the panorama takes in three countries, meandering from the ruins of ancient Gadara on a Jordanian hilltop, over the Sea of Galilee with the city of Nazareth visible in the distance, and across green fields to the Golan Heights.

Stocks hit record highs as Irma weakens
(Reuters - 13/09/2017)

World stocks climbed to record highs on Tuesday as easing tensions over North Korea and signs that Hurricane Irma was causing less damage than feared in the United States boosted risk appetite. MSCI All Country World Index edged up 0.2 per cent, building

JPMorgan's Dimon says bitcoin 'is a fraud'
(Reuters - 13/09/2017)

Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), said on Tuesday. Speaking at a bank investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t have a business where people

Apple launches $999 iPhone X in bid to regain innovation lead
(Reuters - 13/09/2017)

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone.” The launch contained few surprises,

OPEC 'rebalancing' underway oil output dips
(AFP - 13/09/2017)

OPEC's oil output dipped in August, the organization said Tuesday, a sign that supply and demand could be moving further towards balance. Production by the 14 members of the Organization of the Petroleum Exporting Countries came to 32.755 millions of

EU Parliament chiefs say not enough Brexit progress
(Arab News - 13/09/2017)

European Parliament Brexit chief Guy Verhofstadt warned Tuesday there had not been enough progress in talks so far to move on to negotiations on a future EU-Britain trade deal. European Union leaders are set to decide at a summit in late October whether

Turkey economy picks up
(Saudi Gazette - 12/09/2017)

Economic growth in Turkey picked up speed in the second quarter, and will likely exceed the government's target for the whole year, official data showed on Monday. Gross domestic product (GDP) expanded by 5.1 percent year-on-year in the period from April

Asian markets find lift and dollar bounces
(The National - 11/09/2017)

Asian stocks rose and the dollar rebounded from its lowest in more than two years as hurricane Irma’s force waned and the United Nations prepared to vote on tougher North Korean sanctions. Japan’s Topix index was headed for its biggest gain in more than

China targets a $3 trillion shadow banking industry
(Arab News - 11/09/2017)

As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking industry, are being

China’s producer inflation jumps to 4-month high
(The Gulf Today - 10/09/2017)

China’s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and pointing to strong, sustained growth for both factory profits and the economy. The producer price index

ASEAN to sign Hong Kong free trade deal in November
(Saudi Gazette - 10/09/2017)

The Association of Southeast Asian Nations (ASEAN) is to sign a free-trade agreement with Hong Kong in November, a Philippine government official said Saturday, following three years of talks. The Chinese special administrative region began free-trade

World markets push higher despite N.Korea row
(The Gulf Today - 07/09/2017)

Stock markets in Europe and the United States mostly recovered on Wednesday, although the North Korean crisis remained on the minds of investors. Gold hit near one-year highs as investors continued to flock to haven assets ahead of the European Central

Egypt signs deal with China for new rail link
(The National - 06/09/2017)

Egypt signed a memorandum of understanding with China on Tuesday for Beijing to finance a rail link worth about US$739 million serving a new capital the north African country is building, the Egyptian investment minister said. The link will connect the

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