Bloomberg Trading volumes in the credit-default swaps market — where banks and fund managers go to hedge against losses on corporate and government debt — have surged. Transactions tied to individual entities doubled in the four weeks ended Feb. 5 to a daily average of $12 billion, according to a JPMorgan Chase & Co. analysis of trade repository data. The …

Dubai / Emirates Business Emirates NBD , has been awarded the Human Resource Development Award in the banking and financial sector by EIBFS (Emirates Institute of Banking and Financial Studies) in recognition of its commitment to Emiratisation. The award was presented by H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi to Husam Al Sayed General Manager HR, Emirates NBD. This …

Nanama / Emirates Business A new report by KPMG has revealed that Bahrain enjoys some of the region’s lowest operating costs for financial services institutions. The report covered the average costs of a range of factors including commercial rental rates, occupancy cost, manpower cost, communication and utility expenses, in addition to the average cost of living. Financial sub-sectors that require …