European Union incurs loss of €170 billion a year due to tax evasion
Netherlands and Ireland are the biggest tax shelters in the EU, while the UK and Germany suffer the most due to tax avoidance and evasion.
Home
Page 263
In Indonesia, debit card spending may surpass credit card spend in 2019
Digital payments may leap from Rp639.9 trillion to Rp821.2 trillion between 2019 and 2023, with debit cards forming the bulk of transactions.
RBS head considering eliminating thousands of jobs at Natwest
The bank currently has 65,000 staff across the globe, out of which more than 33 percent are employed in the retail banking sector.
Islamic banking sector in Turkey set for quick expansion
Since 2014, the Turkey has established three new government-controlled Islamic banks that have widened financial access and increased competition.
IMF calls upon Kuwait to speed up reforms, levy taxes
Ever since crude prices plunged in mid-2014, Kuwait has been severely affected as the country relies hugely on oil for nearly 90 percent of its
Morgan Stanley introduces CashPlus account for its affluent clients
Possessing a CashPlus account at Morgan Stanley enables the clients to have a hassle-free banking experience that is crafted to cater exclusively to their requirements.
BIS says more central banks may seek to launch their own digital currencies
According to the BIS study, around 20 percent of the 66 central banks will probably launch their exclusive digital currencies in the next six years.
Ericsson involved in seven 5G launch deals in MEA region last year
The Swedish mobile networking giant signed 78 commercial 5G treaties with innovative operators, with the Middle East and Africa region accounting for about 29%.
Adnoc is UAE’s most valuable brand for second straight year
According to the latest survey conducted by Brand Finance, Abu Dhabi National Oil Company (Adnoc) has emerged as the most valuable brand in the United
Fintech startup Currencycloud raises $80 mn led by Visa
Currencycloud, a financial technology startup based in the United Kingdom, markets payment software for banks and fintech companies to execute their transactions across the globe.