October 7, 2016/Reuters South Africa’s net foreign reserves rose to $41.953 billion in September from $40.795 billion the previous month, the Reserve Bank said on Friday. Gross reserves were also up at $47.247 billion from $45.708 billion, the bank’s data showed. The forward position, which represents the central bank’s unsettled […]
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Oil curves move above $50 as financial confidence in crude rises
October 7, 2016/Reuters By Henning Gloystein | SINGAPORE U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector. U.S. West Texas Intermediate (WTI) futures CLc1 were up 3 […]
W’Bank: Only 20% of Muslims Have Access to Financial Services
October 7, 2016/Thisday The Vice President and Treasurer of the World Bank, Arunma Oteh on Thursday disclosed that less than 20 per cent, which is approximately 1.6 billion Muslim population across the world have access to financial services. According to her, the growing products in Islamic finances are capable of closing […]
