Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities

2023-07-18 15:32:55 Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed … Read more

The 16 emirates regionally in readiness for artificial intelligence

2023-07-17 11:21:24 Abu Dhabi – Mubasher: The UAE ranked 16th regionally on the Government Readiness Index for Artificial Intelligence 2020 of the Oxford Insights Foundation. A recent report prepared by the “Interregional Center for Strategic Analyzes” revealed that investment in artificial intelligence in the Middle East region amounted to about $320 billion, with the increasing … Read more

Raising the interest rate for owners of mortgage housing weighs heavily on the British

2023-07-13 14:21:32 A state of anxiety afflicts the owners of mortgage housing in Britain whenever the Bank of England raises interest rates in an effort to reduce inflation. There was a lot of talk about the disastrous picture of banks confiscating housing due to the inability of their owners to pay their monthly installments. Nothing … Read more

Agency: UAE Holding is in the process of buying two companies’ stake in ADNOC Pipes

2023-07-13 09:02:31 ABU DHABI – Mubasher: Informed sources said that BlackRock and KKR are close to concluding a deal to sell their multibillion-dollar stake in ADNOC’s oil pipeline network, and ADQ is the buyer. The sources indicated that the two companies are set to give up their combined stake of 40 percent to the holding … Read more

Governor of Central Bank of Lebanon Investigation: Riad Salameh and Allegations of Embezzlement, Money Laundering, and Illegal Enrichment

2023-07-12 19:51:58 Direct: The Governor of the Central Bank of Lebanon, Riad Salameh, underwent an investigation session in cases of embezzlement, money laundering and illegal enrichment before the first investigating judge in Beirut, Charbel Abu Samra, in the presence of his legal representative and the head of the Cases Authority in the Ministry of Justice, … Read more

Foreign investors are buying UAE shares for $13.2 million at the end of Tuesday’s session

2023-07-11 12:52:04 Malik Salameh – directThe net purchase of foreign shares in the UAE financial markets during trading today, Tuesday, reached a value of 48.43 million dirhams, equivalent to 13.2 million dollars. Foreign investors carried out purchases on Dubai and Abu Dhabi shares, at a value that exceeded 386.401 million dirhams, or about $105.28 million, … Read more

It started with 50 piasters.. A timeline of the jumps of an Arab energy share during the first 48 hours of the offering

2023-07-10 19:31:54 Mostafa Reda – Mubasher: The performance of the Arab Energy stock witnessed leaps and big deals during the first two days of the first offering of the stock on the Egyptian Stock Exchange. The “Mubasher” website monitors a chronological sequence of the process of offering Taqa Arabia’s shares on the Egyptian Stock Exchange, … Read more