Markets are never perfect in their predictive abilities but they tend to be forward-looking in how they trade to anticipate what will happen next. Take last week’s interest-rate increase by the Federal Reserve, its third since December 2015, and the bond market. Bond yields have been rising for some time. In what some investors are calling a generational bottom …

  DUBAI / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, celebrated the launch of Panin Dubai Syariah Bank in Indonesia, in the presence of DIB Group CEO Dr Adnan Chilwan, key local officials including Muliaman D. Hadad, Chief Commissioner OJK, Dr KH Ma’ruf Amin, Chief of the Indonesia Ulama Council, Hamlim Alamsyah, Chief Commissioner …

  DUBAI / FRANKFURT / Reuters Deutsche Bank is to stop clearing cheques denominated in euros for some banks in the Middle East, according to sources familiar with the matter, joining other big banks that cut services in the region. Cheque usage globally has been on the wane as consumers and businesses turn to faster, digital payment alternatives and in …