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Davos leaders uneasy over glut of easy moneyThe world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone. With developed world go More… |
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Economics, politics underpin Qatar aidWith a plan to deposit $2 billion in Egypt's central bank, Qatar is becoming one of the top financial backers of the struggling country as it signals an intention to play a big role in rebuilding North African economies. More… |
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Islamic trade finance: Lost in transactionThe Islamic finance industry - which is growing rapidly in some areas, such as debt issuance - is neglecting merchandise trade, leaving trade finance for conventional banks to dominate, say analysts. More… |
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Tax on remittances sparks NRI worriesLeading non-resident Indian (NRI) businessmen have raised concerns about the Indian government's move to tax services which include remittances to the country. From July 1, all services in India will attract a 12.36 per cent service tax as More… |
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Cashless ATM machine launchedGlobal ATM software company, KAL, today launched the Retail Teller Machine (RTM), a revolutionary cashless ATM which the the company said will transform branchless banking forever. The Times Square New York launch showcased KAL’s RTM – a m More… |
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Syria prints new money as deficit growsSyria has released new cash into circulation to finance its fiscal deficit, flirting with inflation after violence and sanctions wiped out revenues and led to a severe economic contraction, bankers in Damascus say. Four Damascus-based bank More… |
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Iran sanctions pose trading challenge to GCCThe ease of doing business with Iran is deteriorating as a result of the difficulty of transferring money to and from the country, said experts at a recent seminar in Dubai discussing the upshot of sanctions on businesses in the UAE. Appro More… |
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Savers shift money to safer havensGreek savers may be gripped by a 'great fear that could develop into panic' in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago. More… |
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Australian budget airline grounds fleetThousands of travellers from Hawaii to Thailand were stranded on Friday after budget airline Air Australia ran out of money and went into voluntary administration, immediately grounding its five-jet fleet. The Brisbane-based international More… |
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Anti-money laundering software market to reach $690mThe global Anti-Money Laundering (AML) software market is expected to see an average annual growth of 9 per cent over the next few years and reach over $690 million in 2015, according to a recent industry report. The report by the Aite gro More… |
