Have you realised what banking is now?

This week, the focus is on access to other markets from the UAE. According to the world bank's financial inclusion data/global findex report, the total percentage of the UAE population with a formal savings account is 32 per cent. This is despite the ... ( read original story ...)

Mashreq CEO foresees branchless future for UAE bank

Dubai headquartered Mashreq could become a branchless bank thanks to new automation and self-service technology, said its CEO Abdul Aziz Al Ghurair in a speech this week to mark the bank's 50th anniversary. An announcement about a new digital only spin-off ... ( read original story ...)

Manipulation’s Persistence and Comex’ Demise

Dubai has historically been a central hub for gold trading ... So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares. ( read original story ...)

Digital investment fund plans to raise $300m

Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5% for management and 45% for performance. The latter will only apply if the fund outperforms the price of Bitcoin, said Robertson, a former currency trader at hedge fund Light Peak ... ( read original story ...)

NYSE executives to woo Aramco IPO in upcoming Saudi visit

RIYADH/DUBAI A New York Stock Exchange (NYSE ... as top exchanges around the world vie to win slices of Aramco's initial public offering IPO-ARMO.SE, expected to be the largest in history. Aramco plans to list about 5 percent of its shares, mostly on ... ( read original story ...)