Ritika Sharma / Emirates Business While intangible practices and biases are generally rated the most influential barriers for female leaders to grow professionally and become the norm in the industry, tangible barriers in the form of formal or old-fashioned Human Resource (HR) policies also play a foul role in hindering women from scaling the professional ladder in the Middle ...

  Abu Dhabi / Emirates Business Cayan Group, the leading property developer in the Middle East, recently organized a ceremonial event to celebrate the Cash Management Partnership with Abu Dhabi Commercial Back (ADCB) the two companies have maintained and developed over several years. Senior representatives from both Cayan and ADCB attended the ceremony which was held at Cayan Group’s HQ ...

  Dubai / Emirates Business Dubai Cares has officially launched the 2016 edition of Volunteer Globally — one of the main pillars of its local outreach activities — with a school-building mission in Senegal. The organization’s renowned initiative, which takes UAE residents to disadvantaged areas around the world, will travel to Africa to support the local community in constructing a ...

  Bloomberg Federal Reserve officials cleared dozens of US banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA. JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp and 27 other firms with major US operations passed the exam on Wednesday, with many unveiling ...

  Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund. Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks, or G-SIBs, the Washington-based IMF said. HSBC Holdings Plc and Credit Suisse Group ...

  Bloomberg Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t last, with all but two ...

  Bloomberg Moody’s Investors Service said it revised its outlook for Singapore’s banking industry to negative from stable, amid growing risks to profitability from exposure to energy-related industries and high levels of corporate leverage. Conditions for the lenders are worsening because of slower economic and trade growth in Singapore as well as more broadly in Asia, Moody’s said. The ratings ...

  Bloomberg For the last eight months, an urgent question has been echoing through the halls of power in Rome, Brussels and Frankfurt: What’s to be done about Italy’s banks? Saddled with some 360 billion euros (US$400 billion) in soured loans and a sputtering economy, Italy’s lenders have been sliding toward the type of crisis that other European countries dealt ...

  BLOOMBERG A week after Britain began voting to leave the European Union, global markets are still being dominated by the consequences. There are signs the tension is easing: The pound held steady after former London Mayor Boris Johnson said he won’t run to succeed David Cameron as U.K. Conservative Party leader, offering the chance of a smoother transition of ...

  Bloomberg Mergers and acquisitions involving Canadian firms slid in the second quarter as market volatility, the U.S. election and the U.K.’s Brexit vote disrupted dealmaking, which reached a nine-year high of nearly $123 billion in the first half of the year. Deals involving Canadian firms were struck in a broad range of industries, including industrials, consumer, and in infrastructure ...