by Lisa Nestor
Oct 11, 2017
It’s an exciting, if not challenging time for banks as they absorb, digest and develop strategies around blockchain technology. Without question, it will change many fundamental operations within the financial industry. One such operation is payments.
At Stellar.org, we have developed a global, open-source blockchain protocol for payments. It was my pleasure to share the details of this protocol at the recent Blockchain for Financial Services conference in Dublin. This time, coupled with my standard description Stellar’s asset issuance capability (think: counterparty-backed digital Euro, Dirham or Yen) and decentralized exchange – I ...
by Mohamed Jinna and Asad Sajjad
Oct 06, 2017
United World Halal Development, Halal Development Council and HDCMICE Middle East are set to organize the historical World Halal Day at the Olympia Exhibition Centre in London on Oct 30- 2nd Nov 2017.
The observation of World Halal Day on 1st of November every year is to promote and strive to build One Community regardless of any diversity and to unite everyone in the world with the basic principles of Food for All, United against Hunger, One human community and Preservation of Nature. Apart from the trade and commercial aspects, these principles ...
Oct 03, 2017
Bitcoin ""puts a question mark on the fractional banking model we know today."
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies. &...
Oct 01, 2017
Every year, the World Bank's World Development Report takes on a topic of central importance to global development. The 2018 Report, Learning to Realize Education's Promise, is the first ever devoted entirely to education. Now is an excellent time for it: education has long been critical for human welfare, but is even more so in a time of rapid economic change. The Report explores four main themes. First, education's promise: Education is a powerful instrument for eradicating poverty and promoting shared ...
Oct 01, 2017
New World Bank study, jointly released with the National University of Singapore Business School, and Leuphana University today reveals that psychology-based entrepreneur training programs are outperforming traditional business trainings amongst microentrepreneurs in West Africa, translating into increased firm profits by 30% compared to 11% for traditional business training.
The results, published in the journal Science, ...
by Dr. Abdul Nasir bin Haji Abdul Rani
Sep 24, 2017
The global economic crisis basically involves a prolonged significant decline in the economic activities of the country and worldwide due to various economic factors such as inflation, financial crisis, and an increase in interest rate. This crisis is known as Economic Depression. Meanwhile, the depression can become worse when hyperinflation hits the economy and resulted to an Economic Collapse.
The economic crisis has ...
Sep 21, 2017
As most StartUps fail, there must be something wrong with how we define or think about a StartUp.
As soon as someone has an idea, it quickly becomes a 'StartUp'. This rush to become self-identified, or externally labelled as a StartUp, way too prematurely, is one of the unspoken reasons for such high failure rates with StartUps. Dig deeper, and you will find ...
Sep 16, 2017
2nd Global Ethical Finance Forum was convened by Middle East Global Advisors* in Strategic Partnership with UKIFC and was hosted by RBS on Sept 13-14, 2017 in Edinburgh, Scotland. Keith Brown MSP (Cabinet Secretary for the Economy, Jobs and Fair Work, Scottish Government) delivered below keynote speech.
“Thank you Omar [Shaikh, head of ...
Sep 15, 2017
Omar Sheikh, the Advisory Board Member of the UK Islamic Finance Council delivered below key note address at the Global Ethical Finance Forum 2017 which was held at the Royal Bank of Scotland in Edinburgh. The event was organized by Middle East Global Advisors* in strategic partnership with UKIFC.
"My Lord, Lord Provost, Cabinet Minister, Distinguished Guests, Ladies and Gentlemen
Sep 14, 2017
The World Green Economy Summit (WGES) is one of the leading global forums on the green economy. It brings together world-class experts in critical sectors from around the world to directly focus on advancing the global green economy and sustainability agenda, achieving the UN Sustainable Development Goals and implementing the recommendations of COP21 & 22.
Organised by the Dubai Electricity & Water Authority and World Green ...
by Dr. Najeeb Zada
Sep 23, 2017
Shariah scholars should be more vigilant when things go wrong in sukuk.Shariah scholars should be more vigilant when things go wrong in sukuk.
Recently, the Abu-Dhabi listed Dana Gas argued that it would not make payments on $700 million of its sukuk maturing in ...
by Muhammad Ashfaq
Sep 13, 2017
A stable financial system plays an important role in the social and economic development of societies. Financial crises took place in different parts of the world but their impact was not only limited to that particular country but we have seen ripple effect in the form ...
by Maria Cristina Torrado, EY Middle East
Sep 12, 2017
Without a bank account, it is a daunting task to make all payments through cash. Nowadays, paying bills can be a mission (finding an office and standing in a queue) but on the other hand, keeping all your savings “under the mattress” can be dangerous and poised to theft. In this situation, payments through mobile and other means have gained significant attention around ...