For How Long Can OPEC Talk Up Oil Prices?

And nothing feeds speculators like OPEC. As Upadhyay wrote, “Though most analysts agreed that a production freeze was not going to alter the fundamentals, prices rose sharply, with the hedge funds adding record long positions,” as evidenced by the ... ( read original story ...)

Middle East Banking Forum to focus on de-risking

Dubai: The UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE, will be hosting its 4th Middle East Banking Forum in Abu Dhabi on November 14. The overall theme of the annual conference will be ... ( read original story ...)

Dubai kicks off blockchain banking services

Emirates NBD became the first lender in the UAE to launch a pilot blockchain network for services, including international remittances and open account trade finance. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the UAE's largest bank ... ( read original story ...)

UAE to set up the world’s first Sharia-compliant trade bank

The UAE is to establish the world’s first Sharia-compliant trade bank to bolster its ambition to be the centre of the Islamic economic world. The Dubai Islamic Economy Development Centre (DIEDC), under the new chairmanship of Sultan bin Saeed Al Mansouri ... ( read original story ...)

Establishment of Emirates trade bank in Dubai

The Dubai Islamic Economy Development Centre (DIEDC) is supportive of the initiative from the Department of Economic Development (DED) in Dubai to launch Emirates Trade Bank. His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ... ( read original story ...)

Dubai Bank directors protest delayed hearing

Dubai Bank Directors accused of money laundering are accusing the prosecution for delaying the hearing of their case. Three former managers of the collapsed bank, Abdul Hafedh Zubeidi, Ali iBashir Sheikh and Professor Wilson Hassan Nandwa argue that the ... ( read original story ...)