At first glance, decision of Nigeria to move to a floating exchange rate last month, and announcement of a merger of two UAE banks have little in common. Nigeria is a country with a population of almost 180 million. Its GDP per capita is less than $ 3 thousand at market exchange rates of the...

Following the damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB, Singapore's central bank said it will enhance controls against money laundering and take swift action against banks that get engaged in such activities.  ...

Key economic regulators assessed the UK’s exit from the EU as the most significant threat to the global economy’s growth since the crisis of 2008-2009. This follows from the statement of the Group of Twenty after their two-day meeting. Finance Ministers and Heads of central banks of the G20 agreed...

More mergers likely in America’s largest health insurance sectors are on the list after the potential bust-up of two mega deals among the country’s largest health insurance companies.   Citing reasons that mergers of large insurance companies would cut competition and boost rates for...

The European Commission (EC) is developing a plan on recognition China as a market economy, but only if the country’s government abolishes anti-dumping duties and significant reduces excess capacity in the steel industry. This way, Brussels is trying to find a compromise between China’s desire to...

Barclays’ online poll reveals a lack in digital skills among British employees. One of Barclay’s poll revealed that there is a lack in digital skills among the staff in Britain, whereby proving the failure of British employers to provide appropriate training to their employees for executing their...

Four countries of the world are home for more than 60% of total number of millionaires in the world (HNWI, high-net-worth individual) according to World Wealth Report by Capgemini Consulting. A person with high income is defined as an owner of "investable assets of at least $ 1 million or more,...

The financial watchdog of the European Union is of the view that the largest economic block of the world should allow hedge funds from the United States, Singapore and Hong Kong to market themselves in the European Union.   This recommendation, according to many,  is a taste of what...

Exports of crude oil from Arab countries amounted to $ 50.4 billion in the I quarter of this year, local media reported. This is $ 24 billion less than volume of crude oil exported by the Organization of Arab Petroleum Exporting Countries (OAPEC) in the first quarter of 2015. This reduction is a...