The Finance Ministry of Cyprus has stressed the importance of having stable legislation regulating out-of-court auctions in tandem with an effective insolvency framework in order to achieve a reduction of bad loans. It is “extremely important under the present difficult economic circumstances, which have arisen due to the impact of the Russian war in Ukraine, … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more
Jakarta, CNBC Indonesia – Main Director (Director) of Saudi National Bank (SNB), Ammar Al Khudairy, resigned from his position on Monday (27/3/2023) local time. His resignation comes after his comments and decisions have brought Swiss bank giant Credit Suisse toppled. He will be replaced by SNB Group Managing Director and CEO Mohammed Al Ghamdi. In … Read more
The global financial markets have been gripped by fear as the escalating COVID-19 pandemic threatens to send the world economy into a deep recession. The eurozone has not been spared, and investors have become increasingly concerned about the stability of its banking sector. Despite the recent plunge in bank shares, EU leaders have been quick … Read more
We are looking for a motivated employee with in-depth experience in the credit sector to strengthen the organizational unit Risk Management in the area of credit (Credit Risk Management). Main tasks Monitoring of the loan portfolio (individual items and overall portfolio) Checking the correct classification and valuation of individual loans and the loan portfolio Monitoring … Read more
The global economy heavily relies on the banking system, making it one of the most significant components of any country’s financial infrastructure. However, the COVID-19 pandemic has caused significant disruptions in the world’s financial sector, leading many to worry about an impending global banking crisis. While banks have faced numerous challenges in the past, the … Read more
The banking industry was given a glimmer of hope when Credit Suisse announced a multibillion-dollar deal to settle claims related to its role in helping wealthy Americans evade taxes in 2014. However, that relief was short-lived as the agreement began to unravel, leaving major banks scrambling to assess the potential fallout. This turn of events … Read more
The European Central Bank (ECB) is reportedly gearing up to increase interest rates in the near future, despite significant turbulence in the banking sector. Recent months have seen several major banks struggling with financial difficulties, with some even facing collapse, prompting concerns about the stability of the financial system. As a result, the ECB’s potential … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more