Financial Services MENA Edition
Latest News
Trump pressures Fed before meeting, warns against 'another mistake'
The Federal Open Market Committee is expected to raise interest rates for the fourth time this yea
India's Gandhi ratchets up pressure on PM Modi to waive farm loans
Gandhi's Congress party waived farm loans in the central states of Madhya Pradesh and Chhattisgarh
Morocco keeps benchmark interest rate steady at 2.25%
Inflation, triggered mainly by food prices, is expected to stand at 2% in 2018
Credit Suisse names Dominique Leimer head of Saudi private bank- Bloomberg
Leimer will manage Credit Suisse's onshore private wealth operations from Riyadh, two people familiar with the matter told Bloomberg.
Investors gloomiest in a decade about world economy - BAML survey
A net 53 percent of investors surveyed, who manage $694billion in assets, said they expect a slowdown
Investment Corporation of Dubai reports 9.56% drop in H1 profits
Bottom line weakens despite higher revenues as oil prices increase
Saudi king keeps cost-of-living allowances ahead of budget announcement
Saudi Arabia's king ordered the state on Tuesday to continue paying a cost-of-living allowance for the coming financial year, according to the Saudi Press Agency.
Malaysia says Goldman Sachs failed to disclose key facts in 1MDB bond sales
Malaysian government filed a criminal charges against the U.S. bank
Changes to Dubai's DFSA collective investment funds regime come into force
The regulator said the Dubai Financial Centre had almost 70 funds registered within the financial free zone.
Korea's Locus Chain to open digital asset exchange in Dubai
Most innovative digital asset exchange ‘Locus DAX’ in Dubai.
Insights
Fitch revises Lebanon's outlook to negative; affirms at 'B-'
The revision of the Outlook on the Long-Term IDRs reflects a further deterioration in government deficits and debt dynamics
Fitch downgrades Oman to 'BB+'; Outlook Stable
Government spending has increased again
China steel prices tick up on winter curbs, stimulus hopes: Russell
China's steel and iron ore prices have started to climb in response to winter production curbs
