Financial

Toshiba warns over survival as it reports delayed results

Tokyo - AFP

Toshiba on Tuesday warned its survival was at risk as the troubled Japanese industrial giant reported a loss of $4.8 billion in long-overdue financial results. "There are events and circumstances that may bring about significant questions about the idea of (carrying on) as a going concern," it said in a Japanese language statement released with unaudited financial results, which showedRead more

8 ISF members face fraud, embezzlement charges

Beirut - Arab Today

Financial Prosecutor Judge Ali Ibrahim on Wednesday pressed charges of fraud and embezzlement against eight members of the Internal Security Forces agency, and referred them to the military prosecution. source: NNARead more

QCCI Chairman: Qatar Offers Clear and Easy Procedures for Investors

London - QNA

The State of Qatar promotes all types of investments and offers clear and easy procedures for investors, HE Chairman of the Qatar Chamber of Commerce and Industry (QCCI) Sheikh Khalifa bin Jassim Al-Thani said, stressing that the country focuses on "education and health sectors" and encourages the private sector to enter these sectors. In remarks at the third session ofRead more

Law to be enforced on violators in Southern Region

Manama - Arab Today

Southern Region Municipality Director General Assim bin Abdullatif Abdullah held a meeting in his office in the municipality building in Riffa with Southern Governorate Security Director General Brigadier Mubarak bin Hewil Al-Merri, in the presence of Director of the Human and Financial Resources Directorate Hassan Abdullah Al Menai and officials. They discussed boosting cooperation to curb the phenomenon of illegalRead more

Frank Kane’s Working lunch: the music lover who regulates the DIFC

Dubai - Arab Today

I wanted to talk to Ian Johnston – lawyer, hard-nosed regulator, and head of the Dubai Financial Services Authority – about football. Glasgow-born Mr Johnston and I do not see eye to eye on this matter. My Scottish football team is Celtic, currently runaway leaders of the league and destined to be champions for the sixth successive season; his, onRead more

Arab Monetary Fund Organizes Conference on Financial Soundness Indicators

Abu Dhabi - Arab Today

The Arab Monetary Fund is organizing on Wednesday the Conference on Soundness Indicators for Conventional and Islamic Finance, in cooperation with the International Monetary Fund and the Islamic Financial Services Board. A number of senior officials representing the financial and banking institutions in the Arab countries, along with international experts from international frameworks concerned, including the European Central Bank, theRead more

Spaniards gear up for the next windfall

Madrid - Arab Today

Two years ago, a district in Madrid got lucky in Spain’s hugely popular Christmas lottery, with people working or living there winning prizes of between €120,000 and €3 million (Dh460,672 and Dh11 million). As Spaniards gear up for the next windfall from the world’s richest lottery, known as el “Gordo”, or the “Fat One”, AFP asked the 2014 winners inRead more

DFM and Astana International Financial Centre cooperate

Dubai - WAM

Dubai Financial Market, DFM, has briefed a Kazakh delegation on Dubai’s leading position as a dynamic capital markets hub as well as DFM’s active role in further strengthening this position. This came up during the visit of a delegation from Kazakhstan’s Astana International Financial Centre, AIFC, to DFM, where the parties explored potential areas of cooperation. Headed by Kairat Kelimbetov,Read more

MENA Regulatory Summit to discuss key issues

Dubai - WAM

The 11th MENA (Middle East and North Africa) Regulatory Summit, to be held in Dubai on 5th and 6th February, will discuss key challenges that financial institutions and corporates in the MENA region face in complying with international standards, fighting financial crimes and promoting strong and positive cultures. Thomson Reuters, one of the leading news and information agencies catering toRead more

China Needs To Maintain Stable, Smooth Liquidity Conditions In 2017

Beijing - Xinhua

China should step up macro controls, keep to a prudent monetary policy and optimize policy to ensure stable liquidity, said a commentary in Financial News, a news outlet under China's central bank. Echoing the economic priorities mapped out during the Central Economic Work Conference, the article stressed the need for a prudent and neutral monetary policy to create an amicableRead more