London: Bank of England Governor Andrew Bailey said “the job is not done” on fighting inflation even though he expects those pressures to dissipate rapidly this year. In an interview with the Orcadian newspaper, the governor said he expects the headline inflation rate to dip to 5 per…
Read MoreTo sign up, customers can choose the plan’s duration, then set up the monthly contribution, and keep repeating it. They also have the option to make an initial savings amount, which is optional and applies to both individuals and corporations. “Our mission is to empower individuals and corporations…
Read MoreSinha said the RBI will continue to maintain tight liquidity conditions to help support the rupee unless “we see big shocks from the global markets or if crude starts trending higher.” The unexpected resurgence in the dollar is reverberating across the world, with the oil’s march toward the…
Read MoreADNIC’s acquiring the 51% stake in Allianz Saudi Fransi Cooperative Insurance Co. for SR499 million is the largest insurance deal in the Middle East in recent years. It reflects the growing importance of the Saudi insurance sector, which is expected to grow to around $10.4 billion by 2026.…
Read More“We have pioneered what we call the ‘hybrid model’ in wealth management. It is a three-way model which helps our clients engage seamlessly with our relationship managers and our state-of-the-art wealth platform to get actionable information and execution capabilities at their fingertips. “Clients receive personalised attention from advisers…
Read MoreThe pink-hued 2,000-rupee note was introduced in November 2016 to remonetise the economy, after Prime Minister Narendra Modi’s shock decision to remove 1,000 and 500 rupee notes as legal tender overnight, as part of an anti-corruption push. It quickly became a favorite storage of value and the note…
Read MoreAnita Yadev, the CEO of Global Credit Advisory, said, “Customers need to be mindful of the underlying terms and conditions when taking new cards. Banks have different terms and conditions for different credit cards, and they have become stringent when offering credit limits to customers.” For example, banks…
Read MoreBank shares tumbled before the economy ministry clarified that it would not collect more than 0.1 per cent of lenders’ total assets. The proposed changes to the decree, which is currently under discussion in upper house the Senate, come after rebukes from the industry, international investors and the…
Read MoreThese sukuk were initially issued on September 20, 2018, at a profit rate of 7.125 per cent. The redemption was made at the trustee call amount, which includes the face value of the certificates and any outstanding payments as of September 20, 2023. Following the redemption, the trading…
Read MoreDubai: Are you looking for a new vehicle, home or even a personal loan? If so, you may find yourself frequently notified of being ‘pre-qualified’ or ‘pre-approved’ for getting funds from different banks – before you even went ahead and applied for the loan. Why is that and…
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