The pool of skilled Islamic finance professionals needs to be expanded in order to address the rapid growth and the emerging challenges of inflationary pressures, geopolitical tensions, banking sector stresses, and advancements in technological and digitalisation. That’s the view of Malaysia’s Chartered Institute of Islamic Finance Professionals (CIIF), which said the global Islamic financial services […]
The UAE’s economy is set to enjoy continued growth during the remainder of 2024 and into 2025, according to Roberta Gatti, Chief Economist of the Middle East and North Africa (MENA) region of the World Bank. Gatti was speaking at the launch of the World Bank Group’s joint initiative with the Abu Dhabi Global Market […]
India and the UK will resume talks for a free trade agreement (FTA) in the new year, following months of flux due to general elections in both countries. An announcement was made following a meeting between Prime Minister Narendra Modi and his British counterpart Sir Keir Starmer at the recent G-20 summit in Brazil. It […]
Chinese President Xi Jinping has called for the building a fair and equitable global governance system, warning against politicising economic issues that could fragment the global market. During his speech at the recent G20 Summit in Rio de Janeiro, he said: “We should keep in mind that mankind lives in a community with a shared […]
Despite that fact that India’s retail inflation jumped to a 14-month high of 6.21% per cent in October – above the central bank’s tolerance band – S&P Global Ratings said it was confident inflation targets could still be met. It said “supply capacity in India is continuing to expand pretty quickly”, which will help contain […]
The role of the finance team is changing, with automation and artificial intelligence (AI) becoming more integral to their work and the way businesses operate, according to a new report. ‘Finance evolution: thriving in the next decade’, commissioned by ACCA, outlines how it will be crucial for finance teams to reinvent themselves in the coming […]
Chinese financial authorities has pledged to offer greater financial support to stabilise economic conditions and promote high-quality development. Pan Gongsheng, governor of central bank the People’s Bank of China (PBC), said the country has recently introduced a package of financial measures to support the economy, and these policy moves have received positive feedback from both […]
Four multinational organisations have joined forces to help develop regulations that enable the development of the gig economy, the Dubai Future Foundation (DFF) has announced. Emirates, Amazon, app developer Careem and GEMS Education will join the Gig Economy Sandbox initiative to advance new sectors and develop a future-ready knowledge-based economy in the UAE. The Gig […]
Chinese President Xi Jinping has urged the government to prioritise job creation for graduates and young people, particularly in roles that utilise their skills and knowledge. In a recent speech, Xi said China’s development faces risks and “a rise in unpredictable factors”, making stability in the economy and the job market more urgent. Zhang Zhiwei, […]
