Saudi reforms are “very exciting”, says Stanchart chief Bill Winters says bank’s results in region justify further investment

Source: Saudi reforms are “very exciting”, says Stanchart chief | ZAWYA MENA Edition

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London lost over 90,000 homeowners in 2016 when you work out how many left compared to those who arrived from other areas in the UK, analysis of Land Registry data from housebuilder Barratt Homes has found

Source: Masses of homeowners relocate from London | Mortgage Introducer

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KUALA LUMPUR, Nov 6 (Reuters) – Malaysia Building Society Bhd (MBSB) said it plans to acquire Asian Finance Bank (AFB) from its foreign shareholders for 645 million ringgit ($152.5 million) in a deal that would give the non-bank lender a banking license.

Source: Malaysia’s MBSB agrees to buy Asian Finance Bank for $152 mln

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Nowadays, cryptocurrencies such as Bitcoin and Ethereum are making a huge noise worldwide because of their potential to decentralise money issuing and the financial services. This concept comes from the fact that cryptocurrencies are based on blockchain technology. To explain this fast and clearly, let’s say that there are thousands of computers (nodes) around the world that have a database with all the information of cryptocurrencies issued and the transactions made; this database is updated in real time i

Source: Cryptocurrencies to disrupt UAE remittance market – Khaleej Times

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For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.

Source: First UK interest rate rise in 10 years – BBC News

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By Davide Barbuscia DUBAI, Oct 31 (Reuters) – Dubai-based Emirates REIT, a sharia-compliant real estate investment trust, plans to issue a debut Islamic bond of at least $300 million by the end of this year, said a source close to the company.

Source: Dubai’s Emirates REIT plans debut sukuk of at least $300 mln this year – Nasdaq.com

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Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says UK trade minister Rona Fairhead said that London will continue to lead the West in Islamic finance

Source: Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says – The National

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Malaysia works to solidify position as Islamic finance hub Central bank assistant governor sees potential in fintech to propel growth

Source: Interview: Malaysia works to solidify position as Islamic finance hub- Nikkei Asian Review

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The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal.

Source: Bank of England believes Brexit could cost 75,000 finance jobs – BBC News

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Saudi Arabia’s Public Investment Fund plans to invest about $1bn in Richard Branson’s space company, Virgin Galactic, and sister companies The Spaceship Company and Virgin Orbit, according to a joint statement published late last week

Source: Saudi’s PIF to invest about $1bn in Virgin’s space companies – Gulf Business

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LONDON – Gulf states are ramping up plans to raise syndicated loans for state-owned firms in a fundraising drive designed to offset the effects of low oil prices that also includes privatisations, financial restructurings and IPOs of state assets.

Source: Middle Eastern sovereigns eye loans in fundraising drive | ZAWYA MENA Edition

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Europe’s banks took further steps on the painful recovery path last year, but non-performing loans still loom over the sector, according to European

Source: European banking sector continues painful path to recovery but bad loans still loom | City A.M.

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