An even bigger problem, the western diplomats said, is that several countries in the region, including Bahrain and Libya, have locked arms with Lebanon in opposing international regulators’ push for a crackdown, making it all but impossible to effectively target Hezbollah’s illicit financing. FATF declined to comment for this article. The current battle within FATF
Gold Bars in a pile Alexander Bedrin | Getty Images Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year. Spot gold edged 0.2% higher to $2,500.08 per ounce by 0254 GMT,
Swiss private equity firm Partners Group is working with China Investment Corp (CIC) and Middle Eastern sovereign wealth funds to curate growing investment flows as the two regions cosy up. The Zug-based firm has long-established relationships with CIC, which has assets of US$1.35 trillion, and some of the large Middle Eastern sovereign wealth funds to
Middle Eastern institutional investors are keen to leverage the growing economies of Southeast Asia as they diversify their portfolios amid escalating tensions between China and the West, according to TVM Capital Healthcare, a Dubai and Singapore dual-headquartered private equity firm. “Middle Eastern family offices used to focus almost exclusively on the US and Europe. They
A mysterious online game promising financial rewards has swept through Iran, attracting players who defy government warnings in their pursuit of wealth. But what is the game and the craze all about? Why is it captivating the masses, and what is fueling the opposition against it? What is Hamster Kombat? Hamster Kombat, a swiftly expanding
TPAY MOBILE TPAY releases a white paper on How Open Banking Empowers Financial Freedom. DUBAI, United Arab Emirates, June 03, 2024 (GLOBE NEWSWIRE) — TPAY, the leading payments provider in the Middle East, Africa, and Turkey (META), has published a comprehensive white paper detailing the benefits of Open Banking for businesses and consumers through data