The Gulf Today

#UAE ranked third for Islamic #Fintech start-ups

According to a survey by Bloomberg Intelligence, the UAE is ranked third in an analysis of Islamic Fintech start-ups. The analysis finds that tailored regulation and clarity on rules could aid the small and medium-sized Fintech outlook. Crowdfunding and peer-to-peer (P2P) financing could be a game-changer in Islamic finance, giving potential to close the gap for small and medium enterprises. The analysis suggests that new opportunities to invest in gold, integrated by Islamic Fintech blockchain technology, may revive its appeal and lift demand. Development of Shariah-complaint, gold-backed products following the introduction of the Shariah Gold Standard, may encourage investors to place their money in gold. The analysis also noted that the Islamic Financial Services Board has predicted that Shariah-complaint assets will expand by 261% compared to the 2015 figure, to represent US$ 6.5 trillion by 2020.

Satyajit Das: Should we worry about the global economy?

#Debt continues to be a major source of instability for the global economy. Since 2007, global debt has grown by $57trillion or 17 % of GDP. Since 2007, no major economies and only five developing economies have reduced the ratio of debt to GDP in the real economy. In contrast, 14 countries have increased their total debt-to-GDP ratios by more than 50 percentage points. Over 20 countries now have debt-to-GDP ratios above 200 per cent, led by Japan (400 %).

Sharjah’s young art talent get major platform

In time for the 41st UAE National Day celebrations, seventy Sharjah children will have the opportunity of a 10-day debut display of their artworks. The children are aged between 8 and 18 and attend 13 public and private schools. They are part of the 140 participants at the ongoing media arts seminar-workshops conducted by the FUNN-Sharjah Media Arts for Children and Youth. Since the establishment of FUNN under the patronage of Sheikha Jawaher Bint Mohammed Al Qasimi, children from various school all over the emirate have been taking part in the seminars and workshops on photography, digital arts, filmmaking, animation, and graphic design.

3rd Arab Women Leadership Forum to kick off on Nov.19

Dubai Women Establishment (DWE) will again be the host of its flagship Arab Women Leadership Forum. The third edition of the forum will be held on 19th - 20th November at the Grand Hyatt in Dubai. The main focus of the forum will be issues and opportunities regarding the role of women in the boardroom. The theme of the forum is announced to be "Board Leadership '&' the Case for Diversity". National as well as internationally recognised speakers and accomplished women role models will take part. In addition, the forum will play the role of a high-level networking platform for conference attendees.

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