Wednesday, December 19, 2018

Solar Bankers and GLBrain partner for transactive energy and blockchain

The renewable energy and blockchain company Solar Bankers has joined forces with the Internet company GLBrain (Dubai), to create an ecosystem of online marketplaces based on blockchain. Solar Bankers, a producer of high-efficiency...

Offshore Financial Regulators Announce Collaborative FinTech Partnership

11 financial regulators have announced the creation of the Global Financial Innovation Network, a partnership intended to support businesses to engage in innovative financial technology projects in their territories. The regulators include those of some...

Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla

DUBAI (Reuters) - Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla (TSLA.O) at just below 5 percent, a source familiar with the matter said on Tuesday. PIF did...

Japanese Jera Buys Abu Dhabi LNG

Japan’s Jera Co. announced it had signed memorandum of understanding (MoU) for a liquified natural gas (LNG) supply from the Abu Dhabi Gas Liquefaction Company Ltd (ADNOC LNG), Pipeline Oil and Gas Magazine reported.Jera,...

Trade Bank of Iraq puts Turkey bank acquisition plans on hold

DUBAI, Aug 15 (Reuters) - Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters...

CBE: Trade exchange between Egypt, world countries hit dlrs 65.6 bn in 9 months

CAIRO – 8 August 2018: The volume of trade exchange between Egypt and world countries hit $65.6 billion from July to March in the 2017-2018 FY against dlrs 60.3 billion in the same period...

Gerhard Schubert Joins Physical Gold Fund

  GRAND CAYMAN, Cayman Islands, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Physical Gold Fund (PGF), a world leader in physical allocated gold is pleased to announce the appointment of Mr. Gerhard Schubert to its Advisory...

Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields: Iraqi oil...

DUBAI (Reuters) - Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Sunday....

Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources

DUBAI, Aug 9 (Reuters) - Abu Dhabi Islamic Bank (ADIB) , the largest sharia-compliant lender in Abu Dhabi, has hired international banks to arrange the sale of $750 million in Islamic bonds, three sources...

Dubai bank donates 5 million dirhams for Kerala flood relief

The Dubai Islamic Bank (DIB) has donated Dh5 million to the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity Establishment (MBRCH), in support of its efforts to help thousands of flood-affected people in the...