DUBAI / Emirates Business The second and final day of the 11th annual World Takaful Conference (WTC) built on Monday’s highly impactful critical discussions on the state and future of the global Takaful industry. Convened by Middle East Global Advisors and in strategic partnership with the Dubai International Financial Centre (DIFC) Authority, WTC is held under the theme “Prudent Practices ...

Bloomberg Italian officials and bank executives agreed to create a multibillion-euro fund to help troubled lenders raise capital and offload bad loans, as the nation tries to assuage investor jitters. The new vehicle will be named Atlante, private fund manager Quaestio Capital Management SGR said late Monday. It will be financed by banks, insurers and institutional investors including Cassa Depositi ...

Bloomberg The European Central Bank is studying the mechanics of scrapping the euro area’s largest denomination note, though it hasn’t yet made a decision. President Mario Draghi said in February that policy makers are examining the controversial 500-euro ($571) bill amid concern it aids criminal activity and terrorist financing. Doris Schneeberger, head of the currency management division at the Frankfurt-based ...