Number of companies in Dubai’s financial hub rises by 11% during H1
DIFC has welcomed 250 new companies this year, with the number of registered firms now reaching 2,289...
Category : Finance
Serba Dinamik to raise sukuk issuance up to RM1 billion over three years
AmInvestment Research is optimistic about Serba Dinamik’s ‘O&M business model’, which is expanding its ‘long-term recurring earnings’...
Hong Kong raises $1 bn in its first green bond sale
The bonds one of the largest bond schemes in the world and Hong Kong plans to establish itself as a hub for green finance...
Utico submits binding offer to invest $400 million in Hyflux
Utico would provide working capital and any interim funding to Hyflux, according to CEO Richard Menezes...
Hackers withdraw $40.7 mn in bitcoin from Binance crypto exchange
The illegitimate transaction has only affected the exchange’s BTC hot wallet which contained 2 percent of its total BTC holdings...
Blackrock and HSBC reaffirm interest in Saudi Arabia with dedicated funds
Global asset managers introduce ETFs tracking MSCI Saudi index in response to inclusion of Saudi equities in global indices...
Deutsche Bank, UBS asset management merger can create ‘European champion’
DWS has assets worth $662 billion under management and UBS $700 billion...
Ad hoc requests from regulators to force financial firms to implement right data strategies
A report says that there will be 373 new legislative initiatives targeting financial firms in Europe and the North America by 2021...
InstaReM partners with First Data for digital payments and card issuance
The partnership, combining InstaReM’s digital payments and remittance solution with First Data’s debit processing solution, delivers a powerful proposition for businesses like corporates and fintechs with a need to issue cards to employees, vendors, or consumers...
Litigation funding to double in five years
Litigation funding takes place when a third party, with no direct interest in the proceedings, finances the cost of litigation in return for a share of the claim proceeds if the litigation is successful...