Fast FinanceThe US Federal Reserve will not raise interest rates, at least yet. Following the Fed’s announcement on Thursday, the dollar fell against many currencies (including MENASEA regional currencies that have been hammered as of late). To the extent that the Fed’s concern for Emerging Market turmoil allows it to ...
September 20, 2015Blake Goud
FAST FINANCEContinued dives in major emerging market currencies including the Ringgit, Lira and Real continues. Of these three, all had investment grade ratings before Brazil’s was cut by Standard & Poor’s from BBB- to BB+. The first move on Brazil’s sovereign ratings could be indicative of cuts to other ...
September 13, 2015Blake Goud
Fast Finance Last week marked the end of Renminbi’s twenty-one year old peg with the US dollar as Chinese Yuan fell by 4.4 percent. This move came at the back of weakened Chinese economy due to a drop in industrial production as well as a slackened demand for consumer products. Emerging ...
August 17, 2015Blake Goud
The Islamic Development Bank made a big declaration when, at a development finance event in Addis Ababa, Ethiopia organized by the UN, it announced a 15 year, $150 billion commitment to financing related to the Sustainable Development Goals. The commitment follows investment of $80 billion towards the Millennium Development ...
July 29, 2015Blake Goud
FAST FINANCE All eyes this week were on the Eurozone as Greece teeters on the brink of Euro exit. The ripples spread across the world…and across the Mediterranean with effects on North Africa, the Levant and Turkey, as described in our first feature article. In other MENASEA news, Malaysia’s ...
July 13, 2015Blake Goud
The current state of the green bond market. The moral and ethical imperative driving issuer and investor interest What’s in it for the issuers and investors? SRI sukuk in Malaysia: Will the GCC adopt or chart its own pathThe values of Islamic finance are deep rooted upon the ethical, environmental and socially responsible ...
June 24, 2015Momna Saeed