by Jibran Munaf | June 21, 2024 | Breaking, Economy, Finance
Despite slowing inflation, the BoE maintains key interest rate at 5.25% ahead of the general election The Bank of England (BoE) decided on Thursday to keep its key interest rate at a 16-year high of 5.25%, despite a slowdown in UK inflation. This move comes ahead of...
by Jibran Munaf | June 20, 2024 | Breaking, Fintech, Mergers & Acquisitions, News
Abu Dhabi Islamic Bank (ADIB) partners with DIFC Innovation Hub to accelerate FinTech adoption Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced a strategic collaboration with the DIFC Innovation Hub, the premier financial...
by Jibran Munaf | June 20, 2024 | Breaking, Finance, News
Demand for high-yield products and shadow banking growth bring back intricate financial products Earlier this year, Bayview Asset Management structured two trades totaling $642 million, reminiscent of financial instruments last seen during the 2008 crisis. This hedge...
by Jibran Munaf | June 20, 2024 | Breaking, Economy, Finance, News
Consistent leadership in regional capital inflow, contributing $1.67 billion year-to-date The UAE continues to dominate the Gulf Cooperation Council (GCC) in foreign capital inflows, registering a net influx of $680.4 million in May 2024. This marks a significant...
by Jibran Munaf | June 19, 2024 | Breaking, News
Golden Visas and Tax-Free Income Make UAE a Magnet for Wealthy Migrants The UAE continues to solidify its reputation as a prime destination for high-net-worth individuals (HNWIs), with a new report from international investment migration advisory firm Henley &...
by Jibran Munaf | June 19, 2024 | Breaking, Corporate Finance, Finance, Industry, News, Technology
Artificial Intelligence Surge Pushes U.S. Chip Maker to $3.3 Trillion Market Cap Nvidia’s unstoppable ascent in the stock market has crowned the semiconductor giant as the world’s most valuable company, surpassing tech behemoths Microsoft and Apple. The...
