The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) – a wholly sustainable, financial freezone in Malé, Maldives, designed for and created to attract global financial institutions, fintech pioneers, and global digital Nomads. Allowing the Maldives to diversify beyond tourism, it will attract the future of finance
In a dramatic escalation of the global trade war, US President Donald Trump recently slapped tariffs of up to 145% on Chinese goods, with China retaliating swiftly and levying 125% duties on U.S. imports. A universal 10% tariff on goods from all other countries has also been introduced with higher rates paused for a 90-day
In an explosive turnaround for the US markets, stock indexes saw record-breaking gains on Wednesday after former President Donald Trump announced a temporary pause on heightened tariffs. The S&P 500 surged 9.5%, the Nasdaq 100 rocketed 12%, and the Dow Jones Industrial Average jumped 7.9%—marking the biggest single-day rise since the 2008 global financial crisis.
Fraudsters and cybercriminals are siphoning billions from financial institutions, businesses, and individuals—often without leaving a trace. Fraud is no longer just about stolen credit cards or fake checks. Today, hackers exploit vulnerabilities in digital banking, manipulate transactions, and weaponize deepfake technology to deceive even the most cautious organizations. The question is no longer if financial
Stock market volatility is nothing new, but 2025 has proven to be a year where investors are forced to rethink traditional strategies. The once-reliable playbook of riding mega-cap tech stocks to victory is being replaced by a more balanced approach, one that emphasizes diversification, high-quality investments, and strategic hedging. As market turbulence continues, investors are
The Chief Financial Officer at Breega, a prominent venture capital firm, Pauline Chau comes with a strong foundation built on five years of experience as a corporate lawyer at a leading French Tier-1 law firm. Gradually, she transitioned into her role at Breega, where she is responsible for overseeing legal, regulatory, and financial matters related
Belinda Wong, the Founder of Leader Corporate Services Limited and a respected figure in the company secretarial industry, has played a pivotal role in shaping the profession over the years. After a serendipitous entry into the field, she founded her own firm in 2010, offering corporate governance and advisory services. Known for her expertise, she
As Donald Trump starts his second term as U.S. president, currency speculators are giving the dollar their strongest backing since before he first took office. The key question now is whether this signals more strength for the “mighty dollar” or if it marks the peak of its current cycle. The dollar has seen a strong
Hana Hamzeh, Founder and CEO of Fifreedomtoday, has once again proven her commitment to empowering Arab youth with the launch of Financial Hero Academy. This groundbreaking initiative aims to bridge the financial literacy gap across the region, equipping individuals with the tools and knowledge to achieve financial independence. A Mission Rooted in Empowerment For years,
Deloitte Middle East has announced the appointment of Simon Cuerden as Forensic & Financial Crime leader for the region. Having spent 22 years as partner at Deloitte UK, he is an industry veteran with experience serving client across different global markets including the Middle East. “This is a strategic appointment for us in the Middle
