Rome / Bloomberg Italy’s deal with the European Commission on state guarantees for banks’ bad loans will help lenders reduce their stock of deteriorated debt, even though markets offered a skeptical reaction, Bank of Italy Governor Ignazio Visco said. “The guarantee mechanism will prove useful for facilitating the divestment of bad debts,” said Visco, who sits on the European Central ...

RiyadH / Bloomberg Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase. Following a 10 percent slide this year, an index of 12 lenders on the Tadawul All Share Index is trading at an average 1.3 times ...

DUBAI / EMIRATES BUSINESS Sage Middle East, the leading provider of business management solutions, delived into the complex and exciting world of ubiquitous computing trends in business by hosting a luncheon discussion on trends in disruptive technologies at Dubai’s Shangri-La Hotel. The luncheon held in Dubai is the latest edition of Sage’s GCC series of discussions on trends in technology ...