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QFB appoints new Acting CEO

QFB appoints new Acting CEO

Qatar First Bank (QFB) has appointed Abdulrahman Totonji as its new Acting CEO (ACEO).

Turkey moving forward to broaden its Islamic finance base

Turkey moving forward to broaden its Islamic finance base

The Covid-19 pandemic has led to a situation in Turkey which prompted economists and financial experts to think about the establishment of an alternative economic order to avoid the fragility of debt- and interest-based economic systems and one which would be more effective to react to such crises.

Sweden’s Alfa Laval agrees to buy Neles in $2bn deal

Sweden’s Alfa Laval agrees to buy Neles in $2bn deal

Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2bn, setting a price that’s high enough to potentially fight off any counter bids.

IMF predicts worst Mena downturn in half century

IMF predicts worst Mena downturn in half century

The IMF yesterday again sharply lowered its Middle East and North Africa (Mena) economic forecast, to its lowest level in 50 years, over the “twin shock” of the coronavirus pandemic and low oil prices.

IMF urges Lebanese to unite around government financial rescue plan

IMF urges Lebanese to unite around government financial rescue plan

The International Monetary Fund urged Lebanese authorities yesterday to unite around a government rescue plan and warned that attempts to lower losses from the financial crisis could only delay recovery.

‘India plan to help SMEs does little to save them’

‘India plan to help SMEs does little to save them’

India re-opened for business in June after months of lockdown but for thousands of small entrepreneurs in the town of Meerut, near Delhi, the blow has been devastating.

Google set to invest $10bn in India

Google set to invest $10bn in India

Google said yesterday it will invest $10bn in India over the next five to seven years as it battles rivals like Facebook and Amazon in the vast market of 1.3bn consumers.

MUFG goes on the prowl for more tech investment

MUFG goes on the prowl for more tech investment

The days of aggressively buying Southeast Asian banks appear over for Japan’s biggest lender, which is now focusing on digital investment to reach new customers and streamline operations.

HDFC Bank to probe lending practices at vehicle unit

HDFC Bank to probe lending practices at vehicle unit

HDFC Bank Ltd has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, according to people familiar with the matter.

Behind the relentless stock rally, waves of anxiety are building

Behind the relentless stock rally, waves of anxiety are building

Nerves are fraying underneath the stock market’s technology-fuelled rally. Short bets against the biggest equity exchange-traded fund are stubbornly high and recently ticked up, even after the ETF’s 41% climb from March’s lows.

Asian markets rise as investors follow strong rally on Wall Street

Asian markets rise as investors follow strong rally on Wall Street

Asian markets rose yesterday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.

GECF holds virtual workshop on ‘promotion of natural gas demand’

GECF holds virtual workshop on ‘promotion of natural gas demand’

The 3rd GECF Annual Workshop on "Promotion of Natural Gas Demand" featured international gas industry leaders and panellists and focused on factors that will position natural gas as a “fuel of choice” for the 21st century global economy.

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