Dubai-based financier Amanda Staveley has made a formal offer to buy English Premier League football club Newcastle United, according to reports. UK broadcaster Sky News reports that Staveley’s PCP Capital Partners has submitted a bid of around GBP300m ($397.4m) to buy the club from sportswear tycoon Mike Ashley. Source: Dubai financier bids $400m for Newcastle United – Gulf Business
Four in five mortgage advisers would recommend young people follow in their footsteps, a survey conducted by education body the London Institute of Banking and Finance (LIBF) has found. The majority find helping consumers achieve their life goals the most enjoyable and rewarding part of their job. Source: Advisers would recommend their careers to young people | Mortgage Introducer
Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 per cent stake in its fuel distribution unit, potentially raising up to $2.8bn.Analysts valued the total fuel distribution unit at between $11bn and $14bnin reports prepared by banks advising the firm on the planned listing, sources have told Reuters. Source: ADNOC listing could raise up to $2.8bn – Gulf Business
Deutsche Bank spends most of its time thinking about how it can be competitive with companies that are not banks, such as coffee chain Starbucks, its chief executive has said. John Cryan said Friday that the bank was not just thinking about competition with other financial institutions but other sectors like technology. Source: Deutsche Bank CEO: Competition with tech, non-banks a prime concern
This has been a good year for the global economy, and 2018 will follow that trend, analysts at Goldman Sachs said. Economic growth around the world has picked up steam this year. Germany — Europe’s largest economy — grew an unexpectedly strong 0.8 percent in the third quarter. In Japan, the economy has grown for seven straight quarters. Meanwhile, in the U.S., the economy grew 3 percent in the third quarter. Source: Goldman Sachs says 2017 was surprisingly good
Dubai’s Emaar Properties to raise $1.3bn in development unit IPO The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa Source: Dubai’s Emaar Properties to raise $1.3bn in development unit IPO – Gulf Business
The amount of new housing stock being created has increased in the past year – but still lags behind pre-crisis levels, figures from the Department for Communities and Local Government reveal. Source: England ups housing creation by 15{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99} | Mortgage Introducer
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter. Source: SoftBank to invest up to $25 billion in Saudi Arabia: Bloomberg
Preparations are being made for around 12-13 large-scale initial public offering on the Istanbul Bourse next year, the exchange’s chairman Himmet Karadag said on Tuesday. Source: Preparations underway for 12-13 large IPOs in Istanbul – bourse chairman | Salaam – Global Islamic Economy Gateway
Saudi reforms are “very exciting”, says Stanchart chief Bill Winters says bank’s results in region justify further investment Source: Saudi reforms are “very exciting”, says Stanchart chief | ZAWYA MENA Edition
London lost over 90,000 homeowners in 2016 when you work out how many left compared to those who arrived from other areas in the UK, analysis of Land Registry data from housebuilder Barratt Homes has found Source: Masses of homeowners relocate from London | Mortgage Introducer
KUALA LUMPUR, Nov 6 (Reuters) – Malaysia Building Society Bhd (MBSB) said it plans to acquire Asian Finance Bank (AFB) from its foreign shareholders for 645 million ringgit ($152.5 million) in a deal that would give the non-bank lender a banking license. Source: Malaysia’s MBSB agrees to buy Asian Finance Bank for $152 mln
Nowadays, cryptocurrencies such as Bitcoin and Ethereum are making a huge noise worldwide because of their potential to decentralise money issuing and the financial services. This concept comes from the fact that cryptocurrencies are based on blockchain technology. To explain this fast and clearly, let’s say that there are thousands of computers (nodes) around the world that have a database with all the information of cryptocurrencies issued and the transactions made; this database is updated in real time i Source: Cryptocurrencies to disrupt UAE remittance market – Khaleej Times
