SaxoSelect, the digital service that enables Saxo Bank clients to invest in pre-selected investments, saw a 14% increase in total Assets Under Management (AUM) across all its portfolios, with 10% coming from capital inflows and 4% from investment performance. The increase in AUM in the current market signals a desire from investors to make their money work, take calculated risk and look for a differentiated offering to traditional portfolios.
Finance
TRADE BANK OF IRAQ A LONG-TERM ISSUER DEFAULT RATING (IDR) OF 'B-' WITH STABLE OUTLOOK
Trade Bank of Iraq (TBI) has been assigned Long-term Issuer Default Rating (IDR) of ‘B-‘ with Stable Outlook by Fitch Ratings.
The impressive B- marks the first time an Iraqi Bank has received an official rating through an international ratings agency.
Cooper Fitch estimates the GDP growth for the Emirates will be approximately 4 per cent in 2019
Cooper Fitch estimates the GDP growth for the Emirates will be approximately 4 per cent in 2019. However, there is a consensus that it could be as high as 5-6%. With oil prices at an average of $71 per barrel in 2018, we are optimistic that oil prices will remain steady in 2019. However, we are not expecting any significant increase in salary ranges in 2019.