Finance bulletins

Citigroup earnings preview: Citi treads ‘a fine line’ between lending and a coronavirus recession

Citigroup earnings preview: Citi treads ‘a fine line’ between lending and a coronavirus recession

Citigroup is expected to post higher earnings on Wednesday as it prepares for a coronavirus whirlwind – but analysts say the Wall Street giant is on the brink of its toughest period since the financial crisis. US banks around the world face a toxic mix of problems sparked by the pandemic. Near-zero interest rates combined

Dubai International Financial Centre Reinforces UAE Government’s Efforts to Support Businesses

Extensive precautionary measures undertaken by DIFC reinforces its support for the UAE Government’s continued efforts to protect citizens and residents in light of Coronavirus (COVID-19) DIFC reassures employees, tenants, residents and visitors that their health, safety and wellbeing is of paramount importance and the highest priority DIFC continues to work in close cooperation with Dubai

ASCO Appoints New CFO

30 March 2020 ASCO, the global integrated materials and logistics management company, has appointed Gary Paver as its new Group Chief Financial Officer. A seasoned finance executive, Gary is a Chartered Accountant with over 25 years’ experience in oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as Senior Vice President,

Dubai International Financial Centre Confirms DEWS Supervisory Board Appointments to Oversee the DIFC Employee Workplace Savings Scheme

Supervisory Board members will provide oversight of the governance and commercial aspects of DEWS Employer and employee interests are protected as part of DEWS through the newly appointed DEWS Supervisory Board Region-first employee workplace savings scheme highlights DIFC being at the forefront of driving the future of finance in the region and attracting world-class talent

Emerging Investment Partners launches a private equity fund to support SMEs in Lebanon, Jordan, Egypt and Iraq

Valetta – Beirut 11/03/2020 Emerging Investment Partners (“EIP”), the private equity firm focusing on growth capital investments for SMEs (Small and Medium Enterprises), has announced the successful first closing of its fund, EIP Levant Fund, targeting Lebanon, Jordan, Iraq and Egypt with a target size of USD 60m. EIP has secured key investors including the

ECB under pressure to cut rate over coronavirus after Fed move

The European Central Bank (ECB) is under pressure to follow the US Federal Reserve and cut interest rates when it meets on Thursday, economists said. However, the Bank led by President Christine Lagarde (pictured), has less room for manoeuvre than its US counterpart since successive efforts to stimulate the eurozone’s anaemic economy has left its

Dubai International Financial Centre Reaffirms Commitment to Advancing FinTech Ecosystem

New partnership agreement signed with Tribe Accelerator, the first Singapore government supported Blockchain accelerator to collaborate on knowledge sharing and events   DIFC Authority and DIFC FinTech Hive built strong relationships during world’s largest financial technology event in Singapore to drive opportunities for the FinTech sector across  the Middle East and South Asia Dubai, UAE,

UAE Pioneers MENA’s USD 2.5 Billion FinTech Market Innovation

Dubai, United Arab EmiratesThe UAE is leading the Middle East and North Africa (MENA)’s fintech market reaching a record-high of USD 2.5 billion by 2022, industry experts announced today ahead of the Middle East Financial Technology (MEFTECH) on 25-26 February.Regional and multi-national financial institutions are rolling out digital platforms to transform customer experiences, optimize costs,