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Currency world roiled by politics as NZ dollar rocks traders

Bloomberg New Zealand reminded currency traders this week of the power of politics to roil financial markets. The challenge is to figure out which world capital — from Tokyo to Washington — will deliver the next jolt. The kiwi tumbled as much as 2 percent and extended those losses as the opposition Labour Party won enough support in parliament to ...

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Mashreq launches VAT seminar series for SME clients

DUBAI / Emirates Business Mashreq Bank, one of the UAE’s leading financial institutions, hosted the first VAT awareness seminar for its SME clients in collaboration with Morison MJS Tax Consultancy. With The UAE set to introduce VAT starting January 1, 2018, Mashreq launched a VAT awareness campaign on educating SME customers on how VAT will affect their businesses. This campaign ...

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Saudi’s IDB plans to use blockchain tech for financial inclusion on products

Bloomberg The research arm of the Islamic Development Bank (IDB) plans to use blockchain technology to develop sharia-compliant products, aiming to support financial inclusion efforts across its member countries. The Jeddah-based Islamic Research and Training Institute said it had signed an agreement with local firm Ateon and Belgium-based SettleMint, with the first stage to focus on a technical feasibility study. ...

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