Financial Services MENA Edition
Latest News
Step Conference to launch in Saudi next month: co-founder
Step is the leading gathering of tech-startups and investors in Dubai
HSBC forex trading costs cut sharply by blockchain -executive
Total of $350 bln in trades completed since February 2018
China to cut private firms' financing costs, improve access to funds - Xinhua
Government has in recent months unveiled a series of policy steps to support small and private firms
New joint venture plans to invest up to $1bln in Gulf infra projects
Investcorp and Aberdeen Standard Investments plan to take equity stakes of between $40-60mln in roads, rail, housing, healthcare and other schemes
Cryptocurrency traders protest Indonesia's new futures rules
Use of cryptocurrencies as payment instrument is banned by Indonesia's central bank
India's Dewan Housing shares fall after CEO resigns
Dewan shares have lost nearly 50 percent of their value
Major Malta bank suspends operations after cyber attack alert
The bank said it had closed its branches and ATMs
Venezuela oil firm transferred millions of euros to Bulgarian bank accounts - security officials
Bulgaria has blocked transfers out of several bank accounts which have received millions of euros from Venezuela's state-run oil company
UBS raises 3-month forecast for euro vs Swiss franc on ECB rate view
UBS Global Wealth Management raised its three-month forecast for the euro against the Swiss franc to 1.15 francs from 1.12 francs earlier
Morgan Stanley increases its overweight on Saudi Arabian stocks
Morgan Stanley cuts Russia stocks, buys dollar-rouble, cds on sanctions uncertainty
Insights
Chinese banks resist maxing out credit cards
Lenders have issued hundreds of millions of credit cards to local consumers, facilitating debt-fuelled shopping sprees
Fund buying slows on crude but Venezuela supports diesel: Kemp
Hedge funds added more bullish positions in crude
U.S.-China talks dominate oil outlook: Kemp
The outcome of trade talks will have a decisive influence on the oil consumption outlook
