FINANCE & ECONOMY

December 9, 2019

Libyan-Turkish MoU on maritime boundaries enters into force

Turkey announced on Saturday that the memorandum of understanding signed with the Government of National Accord (GNA) regarding the maritime boundaries in the Mediterranean has entered into force after being published in the official gazette.

The"...

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December 9, 2019

UNHCR: Libya saved nearly 9,000 immigrants during 2019

The UNHCR has said that the Libyan Coast Guard had saved 8,848 migrants from the beginning of the year until the fifth of December.

UNHCR explained on Facebook that the number stated included the immigrants disembarked"...

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December 9, 2019

GCC chemical industry sustains production

DUBAI — During the 14th Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum, Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, said: “The chemical industry in the GCC is consistently scaling new heights in terms of production, portfolio diversification and job"...

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December 9, 2019

OKEx To Launch Options Trading

OKEx, the world’s largest spot and futures digital asset exchange by trading volume, today announced the launch of options trading. Developed from the ground up, OKEx Options represents a complete upgrade to the platform’s trading architecture, backed by a faster, more stable and robust infrastructure. Options trading will be available on OKEx starting from December 27, 2019, and simulation will begin on December 12, 2019. With this addition, OKEx is the first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof. Users can select from a wide range of products to best fit their trading......

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December 9, 2019

Middle East Stevie ® Awards Entry Deadline Extension Announced

The Stevie Awards have announced a general entry deadline extension for its new Middle East Stevie Awards sponsored by RAK Chamber. Applications will now be accepted through January 22 by popular demand. All organizations operating in 17 countries in the Middle East and North Africa are eligible to submit nominations to the 2020 Middle East Stevie Awards. The awards will recognize innovative achievements since July 1, 2018. Nominations will be accepted in Arabic and English from organizations of all types, large and small, for-profit and non-profit, publicly-held and privately-held, in more than 200 categories. The award program accepts nominations......

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December 9, 2019

Atkins Appoints Cris Dedigama as CEO for the Middle East and Africa

Atkins, a member of the SNC-Lavalin Group, is pleased to announce the appointment of Cris Dedigama as Chief Executive Officer (CEO) for the Middle East and Africa. Based in the United Arab Emirates, he will lead the business’s end-to-end"...

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December 9, 2019

Citi Private Bank Issues Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank today released its Outlook report for 2020, titled, “Staying Positive in a Negative (Yielding) World.” The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year, and highlights important multi-year"...

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December 8, 2019

Branson to Retain Control of Virgin Atlantic

Virgin Group is to retain a 51 per cent controlling stake in Virgin Atlantic, under new plans announced by founder Sir Richard Branson.

The group had been set to sell a 31 per cent stake in the carrier to Air"...

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December 8, 2019

The Finance Bill and Nigerian Economy

The Nigerian government is keen to open up new opportunities to earn more monies, and to do this, it sent a finance bill to the National Assembly. The bill is essentially a fiscal bill and it is driven by the objective of generating additional revenues for the Government to potentially"...

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December 8, 2019

States’ Unsustainable Addiction to FAAC Handout

Vertical fiscal allocations from the federal government to the component tiers remain the biggest source of income and financing for lazy state governments, majority of whom have, over the last 44 years been unable to build economically viable entities. Nosa James-Igbinadolor examines the"...

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