SEDCO Capital | سدكو كابيتال’s Post

Investments by banks operating within the United Arab Emirates have continued their steady upward trajectory, reaching AED 666.2 billion by the end of April 2024, according to the latest indicators issued by the Central Bank of the United Arab Emirates (CBUAE). #UAEEconomy #BankInvestments #FinancialGrowth #CBUAE #EconomicDevelopment #DebtSecurities #EquityInvestments #HeldToMaturity #InvestmentPortfolio #UAEFinancialSector

It will be a pleasure to exchange experiences in the application of the #UNIDROIT Principles with renowned #internationalarbitration experts on the occasion of the 30th anniversary of the UNIDROIT Principles on International Commercial Contracts, which will take place in Asunción, Paraguay on 14 and 15 October. #softlaw #internationallaw #CEDEP #ICCParaguay #commerciallaw #Asuncion2024 #UPICC

In a significant move to bolster economic ties, Khaled Mohamed Balama, Governor of the Central Bank of The UAE (CBUAE), and Mamo E. Mihretu, Governor of the National Bank of Ethiopia (NBE), have signed a bilateral currency swap agreement for the UAE Dirham and Ethiopian Birr. The two central banks also entered into two Memoranda of Understanding (MoUs) aimed at enhancing financial cooperation and facilitating cross-border transactions between the UAE and Ethiopia. #UAE #Ethiopia #CurrencySwap #CBUAE #NBE #TradeInvestment #EconomicCooperation #FinancialInnovation #CrossBorderTransactions #BankingSector

In the realm of consumer finance, Buy Now, Pay Later (BNPL) services have surged in popularity, offering a flexible payment option where purchases can be paid in installments. However, beneath the surface lies a complex financial structure, including hidden interest charges, often obscured within transactional fees. BNPL transactions involve indirect interest, typically around 18% per annum, disguised within discounts offered to merchants. Unlike credit cards, both consumers and merchants are aware of the installment nature and implicit interest in BNPL transactions. One key difference is the transparent transaction cost in BNPL, where discounts are agreed upon based on payment schedules. In contrast, credit card transaction costs are negotiated directly between merchants and banks. Recently, there's been scrutiny over BNPL's compliance with Islamic finance principles due to concealed interest charges. The Islamic Economics Forum issued a fatwa raising concerns about transparency and compliance. To address these issues, there's a call for greater transparency, disclosure of indirect interest charges, and ongoing dialogue between fintech firms, regulators, and Islamic scholars to ensure ethical and Shariah-compliant financial practices.

We are looking forward to the CUMA Autumn conference this week and meeting with our members and discussing how LIA are supporting credit unions with their MCC requirements.   LIA’s Head of Education Eva Lavin will be speaking on the MCC Panel discussion on Thursday, we look forward to seeing you there! #LIA #CUMA #CreditUnion #MCC #CentralBank #APA #QFA #Loans #Lending #savingsandinvestment #consumercredit #finance #financialservices

The Management Board of Central Bank of Azerbaijan approved the “Financial Sector Development Strategy 2024-2026”. Strategic targets include a comprehensive infrastructural development of capital markets, strengthening and maintaining the market’s confidence to the Sector, expanding the market access routes and broadening the range of investment product offerings. #investinazerbaijan #frontiermarkets #azerbaijancapitalmarkets #azerbaijan

#Saudi #Arabia's decision to join the #mBridge project signifies a significant step in the world of central bank #digital #currencies and #global economic dynamics. The mBridge initiative, led by #China in 2021 with backing from the #Bank for #International Settlements, strives to establish a cohesive platform for CBDCs, improving cross-border payment efficiencies and reducing reliance on traditional #currencies. Initially involving central banks from China, Hong Kong, Thailand, and the UAE, Saudi Arabia's participation highlights its strategic move to modernize its financial landscape and reduce reliance on physical cash. #CBDC #mBridge #GlobalEconomy

This decision reflects Saudi Central Bank – SAMA endeavor to support the payments sector, increase efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia. #sama #license #fintechinnovation #vision2030 #expo2030

Cairo – The Secretary General of the Arab League, Dr. Ahmed Aboul Gheit, has praised the pivotal role played by the Arab Monetary Fund (AMF) in bolstering the economic, financial, and monetary stability of Arab nations. His remarks were made during the opening of the 48th ordinary meeting of the Council of Arab Central Banks and Monetary Authorities' Governors, held in Cairo. #ArabMonetaryFund #ArabLeague #EconomicStability #MonetaryPolicy #FinancialTechnology #ArtificialIntelligence #CentralBanks #ArabEconomy #RegionalCooperation #Resilience #AMF #EconomicDevelopment

At the #Dubai #WGS2024 yesterday, the Arab Regional Payment System (Buna), a centralised multi-currency platform that enables financial institutions (including commercial and central banks) to send and receive cross-border payments across the Arab region and beyond, in Arab and key international currencies was launched. This is a huge step towards enhancing #Arab #cooperation, #economic and #financial integration, and establishing connections with trading partners of Arab countries, directly or by linking financial infrastructure systems with similar systems in various countries. It might be a good idea for the #Somalia Central bank to join this initiative and use/access this platform, to ease the enormous pressure many #Somali financial businesses, especially the remittance sector are facing. More on this please read my upcoming article on https://lnkd.in/evJ6sv2b. Patrick McConnell Patrick Fitzgerald Patrick Schueffel Paul Scifleet Berhan Ahmed JP Steve Liddle Denis Fitzgerald #melbourne #australia #abcnews