China must guard against any rebound in off-balance sheet lending in the so-called shadow banking sector, and must dispose of non-performing assets as soon as possible, the head of the country’s …
UAE lenders banking on gradual recovery
Profitability at UAE banks will remain under strain in the second half of 2020, with recovery largely to be gradual and dependent on the rebound in economic activity amidst low interest rates, an …
Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht
Thailand’s central bank assesses the chances of bringing centralized and decentralized together. Thailand’s central bank is looking at smart contracts and decentralized finance ( DeFi) implementations …
Iran Says U.S. Humiliated by Rejection of U.N. Arms Embargo Extension
Iran’s president said on Saturday the United States suffered a humiliating defeat with the U.N. Security Council’s refusal to extend an arms embargo on Tehran, while U.S. Secretary of State Mike …
India will provide ID cards that store all your medical data
India is about to make a big gamble on health data. The country has announced plans (via NDTV) to give every Indian a “Health ID” card that stores medical information like conditions and prescriptions …
QIB receives two prestigious awards for Middle East World’s Best Consumer Digital Banks Awards
Qatar Islamic Bank (QIB) has been recognised with two prestigious awards at the ‘Middle East World’s Best Consumer Digital Banks Awards 2020’ by Global Finance Magazine …
Singapore to unveil more virus-related financial support plans on Monday
Singapore will unveil plans to extend more financial support to companies and workers during the COVID-19 pandemic on Monday, its finance ministry said. The island-state, one of the world’s most open …
Iran threatens ‘dangerous future’ for UAE after Israel deal
Iranian president Hassan Rouhani has also condemned the Emirati move. In a televised speech Saturday, he warned that the United Arab Emirates has made a “huge mistake” in reaching a deal toward …
Pakistan is on The Path of Sustainable & Inclusive Growth: Finance Division
Pakistan has embarked upon sustainable and inclusive growth. The economic indicators and recent developments signify the strength and reliability of …
Don’t be hoodwinked by Trump’s UAE-Israel “peace deal”: It’s a sham
This power play by UAE Crown Prince Mohammed bin Zayed is a boon for Trump and Netanyahu. It won’t bring real peace …