Finance World

SWIFT has today published a blueprint for common API standards following collaboration with European banking standards bodies, STET and Berlin Group NextGenPSD2 – who together represent many of the region’s banks and payment service providers.

It’s been a tough year for emerging-market (EM) investors, who have suffered poor returns on headwinds from the Federal Reserve’s tightening of monetary policy and as the rising global uncertainty from the US-China showdown on trade takes global prisoners.

The direction of many major commodities will continue to be influenced by the decisions taken in Washington during the past six months.  Apart from the weather, which has delivered challenges as well as opportunities across the agriculture sector, President Donald Trump’s trade war with China and sanctions against Iran will keep setting the tone for the rest of the year.

While rising bond yields and falling global stocks have been grabbing the headlines, the agriculture sector has started to display green shoots of renewed demand.

In the latest report issued by Dubai Land Department (DLD), Dubai’s real estate market witnessed a continuous growth driven by optimism among investors and developers, where the market recorded 39,802 real estate transactions worth AED 162 billion from the beginning of the year till the end of September.