BANKING

Jordan asks banks for plans on dollar bond or sukuk issue August 14, 2017

The government of Jordan has asked banks to submit proposals to arrange a US dollar conventional or Islamic bond issue, sources familiar with the matter said on Sunday.

The bond would be of benchmark size, said one of the sources, declining to be named because the information is private. Benchmark-sized bonds are generally upwards of $500 million.

Jordan issued its first domestic sukuk last year, but should it opt for an Islamic bond, the planned debt sale would be the first international sukuk ever"...

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BAI Announces the Finalists for its 2017 Global Innovation Awards August 10, 2017

BAI announced the finalists for the BAI Global Innovation Awards, a prestigious awards program celebrating innovation in the financial services industry. Winners will be announced at BAI Beacon in Atlanta on October 4-5.

The BAI Global Innovation Awards recognizes industry leaders changing the industry and positively impacting profitability, efficiency and customer experience. Since 2011, BAI’s Global Innovation Awards has grown from two to"...

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Jordan Hashemite Charity Organisation dispatches aid convoy to West Bank August 10, 2017

The Jordan Hashemite Charity Organisation (JHCO) on Wednesday dispatched an aid convoy to the West Bank, the Jordan News Agency, Petra, reported.

JHCO Secretary General Ayman Mifleh said the three-truck convoy, dispatched in cooperation with the Jordan Armed Forces-Arab Army, was laden with 2,000 food parcels. The assistance will be delivered to Mahmoud Abbas Foundation and then distributed to underprivileged Palestinian families in the West Bank.

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Andersen Global Expands Presence in Brazil With Branco Consultores August 9, 2017

(ME NewsWire)-- Andersen Global announces a presence in Rio de Janeiro, Brazil by way of a Collaboration Agreement with Branco Consultores, a tax and legal firm. The addition of Branco Consultores demonstrates Andersen’s growing presence in Latin America. Andersen Global has an existing presence in São Paulo and Campinas through Andersen Tax in Brazil, a member firm that joined in August of 2015.

The"...

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WeWork Announces $500 Million Investment For New Entity Focused on Growth and Expansion in Southeast Asia and KoreaAugust 7, 2017

WeWork is excited to announce a $500 million investment in a new entity focused on fueling its growth and expansion in Southeast Asia and Korea.

This investment underlines the potential for WeWork in Asia and follows on the heels of WeWork’s other recent investment news from the region: a $500 million investment with SoftBank and Hony Capital dedicated to WeWork’s expansion across China, and a joint venture with SoftBank to bring WeWork's"...

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A.M. Best Awarded International Best Ratings Agency for Takaful at the International Takaful Awards 2017August 6, 2017

(ME NewsWire)-- A.M. Best received the award for International Best Ratings Agency for Takaful at the International Takaful Awards 2017, held in conjunction with the 11th International Takaful Summit in London. This is the third consecutive year that A.M. Best has been awarded the International Best Ratings Agency for Takaful.

Accepting the award was Mahesh Mistry, senior director – analytics, representing"...

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Jordan makes 'considerable progress', challenges remain -- IMF August 1, 2017

Jordan’s economy is expected to grow by 2.3 per cent in 2017, according to projections by the International Monetary Fund (IMF), which highlighted the challenging environment facing the Jordanian economy, including below-potential economic growth, high unemployment and difficult social conditions.

In a report on its website following the conclusion of the Article IV consultation with Jordan, the IMF said inflation in the Kingdom is expected"...

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Jordan makes ‘considerable progress’, challenges remain — IMF July 31, 2017

Jordan’s economy is expected to grow by 2.3 per cent in 2017, according to projections by the International Monetary Fund (IMF), which highlighted the challenging environment facing the Jordanian economy, including below-potential economic growth, high unemployment and difficult social conditions.

In a report on its website following the conclusion of the Article IV consultation with Jordan, the IMF said inflation in the Kingdom is expected"...

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Moody’s Receives EU Regulatory Approval for Acquisition of Bureau van Dijk July 30, 2017

(ME NewsWire)-- Moody’s Corporation (NYSE:MCO) announced today that it has received clearance under the EU Merger Regulation from the European Commission to acquire Bureau van Dijk, a global provider of business intelligence and company information. Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017.

In accordance with the terms of the transaction, Moody’s"...

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Visa Expands Global Transaction Processing with Facilities in Singapore and United Kingdom July 26, 2017

(ME NewsWire)-- Visa (NYSE:V), a global payments technology company, today announced expanded transaction processing capabilities in two state-of-the-art data centers in Singapore and the United Kingdom. The new global processing hubs will increase the speed, resilience and geo-diversity of Visa’s infrastructure, while strengthening the company’s ability to deliver new and more sophisticated ways to pay in today’s hyper-connected global economy.

“Commerce"...

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