#mutual funds uae

[zatdummesmadchen]

https://www.gofundme.com/f/help-us-escape-gaza-a-mothers-plea-for-safety

Dear friends and supporters,

I write to you with a heavy heart but also with hope. My name is Hala, a child from Gaza born in 2010. I have witnessed all the wars in my city. Now, I live in a tent with my mother, brother, and sister. We live in constant fear of death and long for the days of school, my classmates, and my education.

I am sharing my story to seek your support and help in my campaign to evacuate from Gaza so I can live in peace and continue my education. Please share this post with your friends, family, and anyone who can help. Let us work together to achieve this simple dream of living a safe life and returning to school.

Thank you for your support and care.

With love,

Hala

🍉🍉🍉🍉🍉🍉🍉🍉

ATTENTION EVERYONE !!! LISTEN UP !!!

PLEASE PLEASE PLEASE DO SHARE AND BOOST THIS POST

🔻🔻🔻

DO DONATE ANY AMOUNT IF YOU ARE ABLE TO DO SO !!! IT'S URGENT !!!

REMEMBER EVERY SMALL BIT COUNTS !!! DO NOT SHY AWAY !!!

🫒

Tagging: @battlebabebeulah @nomoresympathy-eh @lemedstudent2021 @abla-soso @timetravellingkitty @importals99 @redpinejo @kuch-toh-garbad-hai-daya

[ana-bananya]

SUDAN NEEDS YOUR ATTENTION

The RSF's siege of El Jezira is still ongoing for over twenty days now. The attacks began after RSF commander Abuagla Keikal defected and joined SAF. The RSF is now torturing the people of Keikal's home state for his own actions.

In the town of al-Hilalia alone, at least 527 civilians have been murdered. Across Jezria, at least 1,237 people have been murdered as of November 10th. These reports are likely understatements, and deaths continue to rise.

The International Organization for Migration reports that more than 343,000 people have been displaced from Jezira state, seeking refuge in towns that are already overwhelmed with refugees due to the worsening displacement crisis.

Those who have been unable to evacuate Jezria face daily threats of looting, abductions/being taken as hostages, rape, and death. If they are not outright murdered by the RSF, they are killed by starvation, poisoning, or disease. There have also been reports of women resorting to suicide to avoid the trauma of being raped.

Please take action to support on the ground initiatives providing aid to Sudanese refugees, including those who have fled from Jezria state. Linked below are some highly reputable organizations that have been repeatedly shared by members of the Sudanese community. If you are able to donate to one, please do.

If you'd like to help further, the Sudan Funds website (organized by @/thisisNOTghaida on twitter) has a list of vetted campaigns for more organizations as well as individual families. Please consider adopting a family or campaign to post about.

To stay informed, please follow:

bsonblast (on twitter, insta, and tiktok)

Sudan.updates (insta)

Red_maat (insta)

tartola0123 (insta)

Sudan.updates (insta)

baobaboperation (insta)

Sdn.world (insta and twitter)

modathirzainalabdeen (insta and tiktok)

Londonforsudan (Twitter and insta. If you are in the London area, they also organize and post about protests you can attend)

If you feel uneducated about Sudan and are unsure where to start researching, @/red_maat' has put together a tool kit to help. The @/baobaboperation also has a brief starting guide.

REMEMBER TO BOYCOTT THE UAE:

Don't fly on Etihad Airlines, Emirates Airlines, or FlyDubai

Do not engage in tourism or travel to the UAE

Do not purchase gold, diamonds, cars, or broadcasting equipment exported by the UAE

Do not buy gas from BP or Shell stations

Contact your government officials

Canda (scroll to find "CANADA email MP, Foreign Affairs and Development")

United States

UK

If anyone has any templates for other countries, please reblog with the link so others can use it. If you're not in Canada, UK, or the US, you can use and modify any of the templates linked to use to send to your government officials.

Links to mutual aid funds below

[adarinas]

(WIP) Resources Masterlist

*Note: a lot of these are geared toward American and/or English-speaking populations, my apologies, but plenty of them are global!

GENERAL

End Global Genocides Master Document | Another Master Doc | Tumblr Post - Links to Informational Articles/Websites

Donations: Fundraisers - Gaza, Sudan, Congo, and more | Doctors Without Borders | Care.org | World Central Kitchen | Operation Olive Branch | Islamic Relief USA

Discord: Global Strikes Against Genocide Discord Server

SUDAN

Eyes on Sudan | Sudan Solidarity Collective | Linktree - Sudanese Diaspora Network

Info: 500 days of war... | Sudan War Explained - Interview

Petitions/Letters: Stop Sudan War | Justice for Human Rights Abuse Victims in Chad and Sudan | Stop Arming Saudi Arabia and the UAE to stop the Sudan genocide

Donations: Sudan Funds | Tumblr Masterpost - Sudan Orgs/Fundraisers | Water for South Sudan

ROHINGYA

Free Rohingya Coalition

Info: CNN - Hundreds of Rohingya face drone strikes / ethnic cleansing in Myanmar

Spotify - Rohingya Culture Interview

Petitions:

Donations: Mutual Emergency Aid 4 Rohingya | Emergency Aid for Rohingya Orphans and Disabled Families

TIGRAY

Tigray Action Committee

Info: Omna Tigray - What's happening in Tigray? | Tghat News | UN Article from Sept 2023

Petitions/Letters: Petition - Demand Aid to Tigray | Stop the Tigray Genocide

Donations: Places to Donate for Tigray Tumblr Post | Ahwatna Relief

DRC

Friends of the Congo | Focus Congo | Congo Resources Tumblr Post

Info: DRC: Inside the world's forgotten war | Congo Genocide Explained - Interview

Petitions: No Tax Dollars to Fund Congo Genocide | Halt the Ongoing Genocide in Congo

Donations: SOS Congo (organized by Goma Actif) | IRC in Congo | Action Kivu

KASHMIR

Stand with Kashmir | Kashmir Masterlist Tumblr Post

Info: Kashmir - Paradise Lost (BBC)

Petitions/Letters: Stop Arming Indian Occupation of Kashmir

Donations: KASHMER

EAST TURKESTAN

Campaign for Uyghurs | Uyghur Truth Project | Camp Album Project

Info: Persecution of Uyghurs in China - Wikipedia

Petitions/Letters: Change.org - Uyghur Muslims

PALESTINE

Jewish Voice for Peace | USPCR Stop Gaza Genocide Toolkit

Info: Wizard Bisan, a Palestinian journalist

Petitions/Letters: Not Another Bomb | Amnesty - Demand a Ceasefire | Tumblr Post with Petitions | Ceasefire Now | (JVP) Tell Congress - Arms Embargo Now

Donations: Gaza Funds | Low on Funds Palestinians Fundraisers | Vetted Gaza Evacuation Fundraisers | Arab.org Daily Click | Middle East Children's Alliance

ARMENIA

Learn for Artsakh | Help Armenians Carrd | Artsakh Genocide Action Toolkit

Info: Denying Your History - Armenian Genocide

Petitions/Letters: Petition - Stop Erasing Armenian Culture | International Recognition of Artsakh

Donations: Fund for Armenian Relief | Armenia Fund | CARITAS Armenia | ARS of Eastern USA inc.

INDIGENOUS AMERICANS

MMIWG2S | Indigenous Action | NDN Collective

Petitions/Letters: Stop sterilizing Indigenous women without consent | Free Leonard Peltier

HAWAII

Info: Tourism's Negative Impact on Native Hawaiians | Noho Hewa Film (2008)

Donations: Hawaii Community Foundation

HAITI

Haiti Liberation Google Doc

Donations: Hands Together for Haitians | Haiti Outreach | Hope for Haiti | Twitter Thread of GoFundMes/Donation Links

WEST PAPUA

Free West Papua Website | West Papua Resources/Info Tumblr Post | We Need to Talk about Papua Carrd (last updated 2021 but has good info)

Info: United Nations - Indonesia: Shocking abuses against indigenous Papuans | Twitter Thread of Helpful Articles

Petitions/Letters:

ALSO:

The Kurdish Project

KEEP BOYCOTTING, PROTESTING, AND DOING EVERYTHING YOU CAN! FREE ALL OPPRESSED PEOPLES OF THE WORLD!

If you can't donate, share!

If you have any concerns with the links I've posted, please share! I tried my best to verify everything but please let me know if you are doubtful of something! Also, please please share other resources from people who are directly impacted by these genocides!!

LAST UPDATED SEPTEMBER 16 2024.

[usafphantom2]

Russia reduces Su-75 'Checkmate' costs to win the sale of the fighter in India

Fernando Valduga By Fernando Valduga 02/07/2024 - 21:05in Military

Russia's effort to improve the fifth-generation Sukhoi Su-75 'Checkmate' single-engine combat aircraft program is facing some obstacles. The project cannot move forward with state funding alone. Last year, potential partnership discussions with the United Arab Emirates (UAE) were started. Now, the opportunity to become a partner of India has come to the table.

ROSTEC reported substantial cost reductions in the Su-75 project, attributing them to certain "technical changes". These changes were influenced by the "feedback from a potential buyer" that led to decreased costs. Without any official confirmation, some sources suggest that India could be this potential buyer, as the Hindustan Times said.

Retired Indian Marshal Anil Khosla, in a recent interaction with the media, raised some significant points. He mentions caution, requiring that a detailed cost-benefit analysis be made by New Delhi before making any commitments. He also adds that it is essential for India to strategically assess whether a mutual pact can extract more benefits for India. Any decision must produce favorable results for both parties involved.

Interestingly, India is currently working on its own advanced jet fighter. The ambitious fifth generation combat aircraft (FGFA) project is already underway and New Delhi is heavily invested in its success. From the perspective of Indian defense and industry, can a potential alliance with Russia, a complex geopolitical partner, compromise India's local project?

Unmanned version of the Su-75.

However, this did not dissuade Russia. They are committed to seeking help for the Su-75 Checkmate project. Although India remains on the list of potential partners, Denis Manturov, Minister of Industry and Trade, says that Moscow is also keeping an eye on other foreign customers. The update of the aircraft's layout, control and weapon systems based on customer feedback has led to certain modifications.

It is worth remembering that ROSTEC recently presented the Su-75 at the World Defense Show 2024 in Riyadh, Saudi Arabia, as a way to attract the interest of potential partners or customers in the region. Russia has continuously expressed the importance of the Middle East in the development and trade of its armaments.

Sukhoi (United Aviation Corporation, UAC) is currently working on the first functional prototype of the Su-75 Checkmate. The plan is to be ready later this year, with tests scheduled from next year. They plan to offer the Su-75 Checkmate in three variants: a single-seat, two-seater and unmanned aircraft. All versions were patented in July 2023.

According to the UAC, improvements are being made to a new anti-radar coating paint scheme that aims to increase the aircraft's stealth performance. They made an announcement earlier this year, revealing that they had obtained a patent for the scheme. The vision, according to Russian UAC engineers, is to camouflage the aircraft so well that not only does it become difficult for radars to detect it, but also for the human eye, under cloudy weather conditions, has difficulty detecting it.

Sukhoi Aircraft Company, part of United Aircraft Corporation at ROSTEC, revealed the Light Tactical Fighter Checkmate at the international air show MAKS-2021, held in Zhukovsky, near Moscow. The foreign launch of this new model took place at the Dubai Airshow 2021, in the United Arab Emirates. Essentially a derivative of the fifth-generation Su-57 fighter, the new warplane is developed in an innovative way by the state-owned technology giant, Rostec.

Tags: Military AviationCheckmateIAF - Indian Air Force/Air Force of IndiaROSTECSu-75sukhoi

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Fernando Valduga

Fernando Valduga

Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has works published in specialized aviation magazines in Brazil and abroad. He uses Canon equipment during his photographic work in the world of aviation.

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[thefirstcheckconsultant]

Corporate Finance in UAE: An Essential Guide to Trust Receipts

As Dubai is emerging as a trading hub in the world for new business setup,so corporate finance services in Dubai are facilitating numerous methods of finances including Trust receipts. Trust receipt is a financial instrument of trade and corporate financing services in UAE to manage working capital and smooth flow of goods and services too.

How trust receipts work in UAE?

Trust receipt is a financial document that becomes necessary when a trader is in need of funding requirements from the banks. In such a circumstance the buyer imports the goods from the supplier and bank issues a Letter of Credit to the supplier for ensuring the payment upon the receipt of the required documents. After this bank settles the payment with the supplier. This is when the Trust Receipt agreement is generated and buyer takes the possession of the goods. After the selling of goods, the buyer repays the bank with in the specified period and hence the bank relinquishes its claim.

Consult with the First Check Consultants, for corporate finance services in UAE regarding specific aspects of trust receipts, top banks offering trust receipts in UAE and the step-by-step guidance for the application.

Requirements for Generating Trust Receipt in UAE

For generating the trust receipt in UAE, the traders must follow the specific requirements as:

Trading License

The applicant of trust receipt must have the trading license issued by Dubai Department of Economy and Tourism and along with that he must also have to open a corporate account with a UAE based bank offering trading services. Do not consider it a hassle process, for this always consult the corporate governance consultants in UAE. Their guidance will definitely help you for acquiring trust receipts in UAE.

KYC Documentation

For KYC Documentation the requirements will be,

Passport

Emirates ID of business owners

Trading license

Memorandum of Association

Business address proof

Banking relationship

Banks plays a vital role in the whole process of providing credit facility.After assessing the financial health of the applicant , bank agrees on the terms of issuing the trust receipts. It also involves trust receipts outlining terms, repayment period and interest rate too. For the extension of short-term financing the borrower must also have the good relationship with the bank as the maturity date of short- term finances always exist between 30 to 180 days and in case till the maturity date if no payment has been received by the bank, then bank may also dispose of the merchandise.

Import Documentation

The letter of credit always ensures that the bank guarantees for the payment to the supplier. The documentation required for the import is commercial invoice, packing list, airway bill, certificate of origin and custom clearance documents also.

Financial Guarantees

Trust receipts couldn't be generated without the possible financial guarantees. The bank may ask for any security depending on the agreement such as fixed deposits or personal or the corporate guarantees. Sometime financed goods themselves served as a collateral and hence reduces the need of any other additional security. Trust receipts is a short-term financing and the importer have to repay the bank with in the agreed credit period as decided with in the mutual agreement.

Wrap-up Having any query regarding the Corporate Financing in UAE, feel free to consult The First Check Consultants as we are one of the best businesses set up consultants in UAE provides corporate finance advisory services in UAE and guide the people in maintaining liquidity and support trading activities effectively.

[aealqada]

don't let unpaid debts derail your business :explore the options for recovering A business debt in dubai

Don’t Let Unpaid Debts Derail Your Business: Explore the Options for Recovering Business Debt in Dubai

Unpaid debts can place a significant strain on any business, disrupting cash flow, delaying growth plans, and eroding profitability. In Dubai’s fast-paced business environment, tackling overdue payments is not just a necessity—it’s essential for survival. Fortunately, businesses in Dubai have access to a range of debt recovery options to ensure financial stability and business continuity.

The Impact of Unpaid Debts on Your Business

When clients or partners fail to honor their financial commitments, the effects can cascade through your operations:

Cash Flow Constraints: Outstanding payments can restrict your ability to pay suppliers, employees, and operational expenses.

Reduced Growth Opportunities: Lack of funds may force you to put expansion plans on hold.

Strained Relationships: Persistent debt issues can sour relationships with stakeholders and business partners.

By addressing these challenges proactively, businesses can mitigate risks and safeguard their financial health.

Options for Recovering Business Debt in Dubai

1. Negotiation and Amicable Settlements

A well-structured negotiation is often the first step in resolving unpaid debts. By fostering open communication and a collaborative approach, businesses can reach mutually beneficial agreements without resorting to legal action. This method is time-efficient, cost-effective, and preserves valuable business relationships.

2. Debt Recovery Through Legal Experts

Engaging experienced legal consultants can streamline the debt recovery process. At Alqada Legal Consultancy, we leverage our deep understanding of UAE laws to design tailored recovery strategies. Our team ensures compliance with legal frameworks while advocating firmly for your interests.

3. Court Proceedings for Persistent Cases

If amicable solutions fail, pursuing legal action through Dubai’s courts may be necessary. The UAE legal system offers robust mechanisms for debt recovery, including:

Debt Payment Orders: For undisputed debts, creditors can seek swift resolutions through a payment order from the court.

Civil Litigation: In cases involving disputes, civil courts provide a platform for comprehensive legal arguments and judgments.

4. Debt Collection Agencies

Specialized debt collection agencies work to recover debts on your behalf. While they provide expertise in persistent cases, partnering with a law firm ensures a more comprehensive approach to both legal and non-legal aspects of debt recovery.

5. Alternative Dispute Resolution (ADR)

Options such as mediation and arbitration are gaining popularity for their efficiency and confidentiality. These methods offer enforceable resolutions without the delays of traditional litigation.

Why Choose Alqada for Business Debt Recovery?

At Alqada Legal Consultancy, we understand that recovering business debts requires a blend of precision, strategy, and discretion. Our services include:

Customized debt recovery plans

Expert negotiation and mediation services

Legal representation in court

Guidance on UAE laws and regulatory compliance

With our client-focused approach, we aim to recover your debts while minimizing disruptions to your operations.

Take Control of Your Finances Today

Don’t let unpaid debts derail your business success. Whether you’re dealing with a single overdue account or widespread payment issues, Alqada Legal Consultancy is here to help. Contact us today to explore your options for recovering business debts in Dubai and secure your financial future.

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[stewartsacademy]

How to Invest in Gold for Beginners

Over time, it shown stability as a store of value for investments in terms of asset preservation and economic unpredictability. We will examine the different ways to invest in gold, its perceived value, and advice for newcomers in this extensive blog. Since each has advantages and disadvantages, we must choose one that will meet your risk tolerance and investment objectives. 

Actual Gold and Gold ETFs

Mutual Funds for Gold

Stocks in Gold Mining

Options & Futures for Gold

Gold Jewelry

Stewarts Business Academy which is one of the top trading academy in UAE you can learn the most effective way to trade. You will gain a good understanding of the market and learn how to use a variety of trading tactics to make wise judgments by taking our Gold Trading course.

[securainternational2024]

Secura International offers a wide range of specialized investment solutions such as mutual fund wrappers, asset management & wealth management solutions.

Secura International arranges wealth solutions to secure financial futures of high net-worth families with a flexible, efficient, and diversified way to pursue their multi-generational wealth goals by investing in strategies to lock in wealth, with benefits of an asset allocation strategy through broad diversification with prominent levels of desired discretion. Discover premier Investment Solutions in UAE and a cutting-edge Investment Platform in UAE tailored to enhance wealth preservation across generations.

[informativearticlesforyou]

The Best Gold Investment Strategies for UAE Residents

Gold has always been a symbol of wealth and security, making it a popular investment choice, especially in regions like the UAE. As a UAE resident, you have several options to consider when investing in gold, each offering different levels of risk, return, and convenience. Understanding these strategies can help you make informed decisions and grow your wealth steadily over time.

Understanding the Importance of Gold Investment in the UAE

Gold investment in the UAE is not just about owning a precious metal; it’s about securing your financial future. The UAE, being a hub for gold trading, offers unique opportunities for residents to diversify their portfolios. With the right strategies, you can protect your wealth against inflation, currency fluctuations, and other economic uncertainties.

1. Opening a Gold Investment Account in the UAE

One of the most convenient ways to invest in gold is through a gold investment account in the UAE. This type of account allows you to buy, sell, and hold gold in a digital format. Unlike physical gold, which requires secure storage, a gold investment account provides ease of access and eliminates the need for safekeeping.

These accounts often allow you to start with small amounts, making it accessible for all levels of investors. Additionally, they offer the flexibility to trade gold at any time, taking advantage of market fluctuations. Over time, this can lead to significant gains, especially if you are patient and strategic about your transactions.

2. Buying Physical Gold

For those who prefer tangible assets, buying physical gold remains a tried-and-true strategy. In the UAE, you can purchase gold in the form of bars, coins, or jewelry. This method appeals to many because it allows you to hold the physical asset, which can be stored securely at home or in a bank safe deposit box.

When buying physical gold, it’s important to consider factors like purity, weight, and the current market price. Gold bars and coins typically offer better value compared to jewelry, which includes additional costs like craftsmanship. Moreover, physical gold can be sold or traded when needed, offering liquidity to your investment portfolio.

3. Investing in Gold ETFs and Mutual Funds

If you’re looking for a more hands-off approach, investing in gold ETFs (Exchange-Traded Funds) or mutual funds is a viable option. These financial products track the price of gold and are traded on stock exchanges, just like shares. By investing in these funds, you can gain exposure to gold without owning the physical metal.

Gold ETFs and mutual funds are ideal for investors who are looking for diversification. They provide a way to invest in gold indirectly, often with lower costs and risks compared to holding physical gold. Additionally, these funds are managed by professionals, which can be an advantage if you are new to gold investment.

4. Investing in Gold Mining Stocks

For those willing to take on a higher risk, investing in gold mining stocks might be an appealing strategy. This involves buying shares in companies that mine gold. The value of these stocks is influenced not only by the price of gold but also by the operational success of the mining companies.

While investing in gold mining stocks can offer high returns, it also comes with significant risks. The stock prices can be volatile, and factors such as political stability in mining regions, operational costs, and environmental regulations can impact the profitability of these companies. Therefore, this strategy is best suited for investors who are experienced in stock trading and are comfortable with higher risk levels.

5. Participating in Gold Savings Plans

Another strategic approach is participating in a gold savings plan. These plans allow you to accumulate gold over time by making regular monthly contributions. This method is particularly advantageous if you want to build your gold holdings gradually without making a large upfront investment.

Gold savings plans are designed to be flexible, allowing you to adjust your contributions based on your financial situation. Over time, this can be a cost-effective way to invest in gold, as it enables you to average out the cost of gold purchases, potentially reducing the impact of market volatility.

6. Exploring Gold Futures and Options

For seasoned investors, gold futures and options offer another avenue for investing in gold. These are contracts that allow you to buy or sell gold at a predetermined price in the future. This method is often used for hedging or speculating on the future price of gold.

Gold futures and options require a good understanding of the market and involve a higher level of risk compared to other gold investment strategies. However, they can be highly profitable if used correctly, making them suitable for investors who are knowledgeable about financial derivatives.

Making the Right Choice

As a UAE resident, you have multiple strategies at your disposal to invest in gold. Whether you choose a gold investment account in the UAE, purchase physical gold, or explore more advanced options like ETFs, the key is to align your investment choice with your financial goals and risk tolerance.

Gold investment in the UAE offers a blend of stability and potential growth, making it a valuable addition to any investment portfolio. By understanding the various strategies available, you can make informed decisions that not only protect but also enhance your wealth over time.

[prayagraj4457]

Discover how UAE NRIs can pay zero capital gains tax on mutual funds. Learn about tax benefits, investment strategies, and compliance for tax-free gains.

[latinodawah]

The United Arab Emirates has instructed mosque preachers across the country to limit the duration of Friday sermons and prayers to a maximum 10 minutes as searing heat continues to engulf the region, the state news agency said on Thursday.

[latinomuslims]

The United Arab Emirates has instructed mosque preachers across the country to limit the duration of Friday sermons and prayers to a maximum 10 minutes as searing heat continues to engulf the region, the state news agency said on Thursday.

[ultra-dartconsulting-stuff-blog]

MARKET GROWTH PROSPECTS OF BANKING SECTOR IN INDIA, 2023- 24 – DART CONSULTING FORECASTS HIGHER GROWTH IN THE NEXT FIVE YEARS

India’s banking sector is sufficiently capitalized and well-regulated. The financial and economic conditions are comparatively better even by comparing with well developed economies. Indian banks are generally resilient and have withstood the global downturn well as can be noted by reviewing previous years records.

The Indian banking industry has recently witnessed the rollout of innovative banking models like payments and small finance banks. In recent years, the Banks are increasingly focusing widening banking reach, through various schemes like the Pradhan Mantri Jan Dhan Yojana and Post payment banks. The rise of Indian NBFCs and fintech have significantly enhanced India’s financial inclusion and helped fuel the credit cycle in the country.

Here is a quick overview of key players in the industry.

HDFC Bank Ltd

HDFC Bank Ltd (HDFC) offers personal and corporate banking, private and investment banking, and other related financial solutions to individuals, MSMEs, government, and agriculture sectors, financial institutions and trusts, and non-resident Indians. It provides a range of deposit services and card products; loans for homes, cars, commercial vehicles, and other personal and business needs; insurance for life, health, and non-life risks; and investment solutions such as mutual funds, bonds, equities, and derivatives. HDFC also provides services such as cash management, corporate finance advisory, customized banking solutions, project and structured finance, trade financing, foreign exchange, internet banking, and payment and settlement services, among others. The bank operates in India through a network of branches, ATMs, phone banking, net banking, and mobile banking. It has overseas branches in Bahrain, Hong Kong, and the UAE, and representative offices in the UAE and Kenya. HDFC is headquartered in Mumbai, Maharashtra, India.

ICICI Bank Ltd

ICICI Bank Ltd (ICICI Bank) provides personal and corporate banking, investment banking, private banking, venture capital, life and non-life insurance solutions, securities broking, and asset management services to corporate and retail clients, high-net-worth individuals, and SMEs. It offers a wide range of products such as deposits accounts including savings and current accounts, and resident foreign currency accounts; investment products; and consumer and commercial cards. ICICI Bank offers to lend for home purchase, commercial business requirements, automobiles, personal needs, and agricultural needs. The bank offers services such as foreign exchange, remittance, import and export financing, advisory, trade services, personal finance management, cash management, and wealth management. It has an operational presence in Europe, Middle East, and Africa (EMEA), the Americas, and Asia. ICICI Bank is headquartered in Mumbai, Maharashtra, India.

State Bank of India

State Bank of India (SBI) is a universal bank. It provides a range of retail banking, corporate banking, and treasury services. The bank serves individuals, corporates, and institutional clients. Its major offerings include deposits services, personal and business banking cards, and loans and financing. The bank provides services such as mobile banking, internet banking, ATM services, foreign inward remittance, safe deposit locker, money transfer, mobile wallet, trade finance, merchant banking, project export finance, treasury, offshore banking, and cash management services. It operates in Asia, the Middle East, Europe, Africa, and North and South America. SBI is headquartered in Mumbai, Maharashtra, India.

Punjab National Bank

Punjab National Bank (PNB) offers retail and commercial banking, agricultural and international banking, and other financial services. Its retail and commercial banking portfolio offers credit and debit cards, corporate and retail loans, deposit services, cash management, and trade finance. Its international banking portfolio includes foreign currency accounts, money transfers, letters of guarantee, and world travel cards, and solutions to non-resident Indians. PNB also offers merchant banking, mutual funds, depository services, insurance, and e-services. The bank operates in India and has overseas operations in the UK, Bhutan, Myanmar, Bangladesh, Nepal, and the UAE. PNB is headquartered in New Delhi, India.

Bank of Baroda

Bank of Baroda (BOB) offers retail, agriculture, private and commercial banking, and other related financial solutions. It includes loans, deposit services, and payment cards. The bank offers loans for homes, vehicles, education, agriculture, personal and corporate requirements, mortgage, securities, and rent receivables, among others. It provides current and savings accounts; fixed and recurring deposits; debit, credit, and prepaid cards. The bank also provides insurance coverage for life, health, and general purposes. It offers services such as treasury, financing, mutual funds, cash management, international banking, digital banking, internet banking, start-Up banking, and wealth management. The bank has operations in Asia-Pacific, Europe, North America, and the Middle East and Africa. BOB is headquartered in Baroda, Gujarat, India.

Industry Performance

The health of the banking system in India has shown steady improvement, according to the Reserve Bank of India’s latest report on trends in the sector. From capital adequacy ratio to profitability metrics to bad loans, both public and private sector banks have shown visible improvement. And as credit growth has also witnessed an acceleration in 2021-22, banks have seen an expansion in their balance sheet at a pace that is a multi-year high. As of November 4, 2022, bank credit stood at Rs. 129.26 lakh crore (US$ 1,585.09 billion). As of November 4, 2022, credit to non-food industries stood at Rs. 128.87 lakh crore (US$ 1.58 trillion).

Given the increasing intensity, spread, and duration of the pandemic, economic recovery the performances of key companies in the industry was positive. The reported margin of the industry by analyzing the key players was around 13.7% by taking into consideration the last 3 years’ data. Details are as follows.

Companies Net Margin EBITDA/Sales

HDFC Bank Ltd. 23.5% 31.2%

ICICI Bank Ltd. 22.3% 30.4%

State Bank of India 10.0% 25.7%

Punjab National Bank 4.0% 10.0%

Bank of Baroda 8.9% 13.9%

Industry Margins 13.7% 22.2%

Industry Trends

The macroeconomic picture for 2023 portends mixed fortunes for consumer payment players. Higher rates should boost banks’ net interest margins for card portfolios, but persistent inflation, depletion of savings, and a potential economic slowdown could weigh on consumers’ appetite for spending. Digital identity is expected to evolve as a counterbalancing force to mitigate fraud risks in the long run. Transaction banking businesses are standing firm despite recent market uncertainties. For many banks, these divisions have been a steady source of revenues and profits.

Over the long term, banks will need to pursue new sources of value beyond product, industry, or business model boundaries. The new economic order that will likely emerge over the next few years will require bank leaders to forge ahead with conviction and remain true to their purpose as guardians and facilitators of capital flows. With these factors in mind, the industry is still showing huge growth potential, some of the growth divers that is propelling the industry are:

Rising rural income pushing up demand for banking

Rapid urbanisation, decreasing household size & easier availability of home loans has been driving demand for housing.

Growth in disposable income has been encouraging households to raise their standard of living and boost demand for personal credit.

The industry is attracting major investments as follows.

On June 2022, the number of bank accounts—opened under the government’s flagship financial inclusion drive ‘Pradhan Mantri Jan Dhan Yojana (PMJDY)’—reached 45.60 crore and deposits in the Jan Dhan bank accounts totaled Rs. 1.68 trillion (US$ 21.56 billion).

Some of the major initiatives taken by the government to promote the industry in India are as follows:

As per the Union Budget 2022-23:

National Asset reconstruction company (NARCL) will take over, 15 non-performing loans (NPLs) worth Rs. 50,000 crores (US$ 6.70 billion) from the banks.

National payments corporation India (NPCI) has plans to launch UPI lite this will provide offline UPI services for digital payments. Payments of up to Rs. 200 (US$ 2.67) can be made using this.

In the Union budget of 2022-23 India has announced plans for a central bank digital currency (CBDC) which will be possibly know as Digital Rupee.

Through analyzing the performance of the contributing companies for the last three years, we can ascertain that the sector witnessed compounded annual growth rate (CAGR) of 9.9% at the end of 2022. Details are as below.

Companies CAGR

HDFC Bank Ltd. 14.02%

ICICI Bank Ltd. 7.3%

State Bank of India 8.4%

Punjab National Bank 9.2%

Bank of Baroda 10.7%

Industry CAGR 9.9%

Working through partnerships both with NBFCs and FinTech is high on the agenda of the Indian banking sector, and this is an area of focus of the FICCI National Committee on Banking. Banks will have to play a very constructive role as India aspires to be the leading economy in future. The strengthened banking sector has the potential to contribute directly and indirectly to GDP, increase job creation and enhance median income. Technology interventions to strengthen the quality and quantity of credit flow to the priority sector will be an important aspect. The need for sustainable finance / green financing is also gaining importance.

With these attributes boosting the sector, the Indian banking industry is likely to grow 5% more than the reported growth rate and is expected to exhibit CAGR of 10.4% in the next five years from 2023 to 2027.

DART Consulting provides business consulting through its network of Independent Consultants.  Our services include preparing business plans, market research, and providing business advisory services. More details at https://www.dartconsulting.co.in/dart-consultants.html

[rizanbullion]

Top 10 Benefits of Buying Gold | A Complete Guide For New Investors

Gold is a valuable asset that is held by governments and central banks as reserves, making up 45% of the world’s gold. If you are considering investing in gold, it’s important to understand its benefits and how to invest. In this guide, we will explore the top 10 benefits of buying gold.

Types of Gold Investments

Before delving into the benefits of investing in gold, it’s essential to understand the different types of gold you can buy. Here are the options you may want to consider:

Gold Bullion: This bulk gold comes in the form of bars or ingots and requires minimal processing. It is ideal for those buying gold in large quantities. Gold bullion varies in size and weight, and bars are certified based on weight, purity, and usually have a serial number. However, it may be less liquid than gold coins.

Gold Coins: Gold coins offer more flexibility and convenience compared to bullion. They are easier to find and allow for smaller investment amounts. Some gold coins also hold value as collector’s items, adding to their worth.

Gold Jewellery: While not commonly considered an investment, gold jewellery is readily available and serves as a beginner-friendly option. Ensure you understand what you’re buying and avoid fake gold or gold below 14k purity.

Investments: Apart from physical gold, you can also invest in gold funds, such as mutual funds and exchange-traded funds (ETFs). Additionally, consider stocks related to gold mining or gold futures and options. Opening a gold IRA is another investment option worth considering.

The Top Benefits of Buying Gold

When deciding whether investing in gold is right for you, consider these key benefits:

Preservation of Value: Gold has retained its value throughout history, making it a reliable store of wealth. Its stability and real value make it a better long-term investment than other options.

Protection during Uncertain Times: Gold serves as a safe investment during economic downturns, recessions, or times of high inflation. Gold prices tend to rise when the US dollar weakens, making it a valuable hedge against inflation and a protective asset during market volatility.

No Middleman: Owning physical gold means there is no middleman involved. You won’t have to depend on a third party or worry about bankruptcies or defaults. Gold holds its value independently, making it an attractive asset.

High Liquidity: Selling gold is relatively simple, with various avenues to sell jewellery, coins, or bullion. Unlike other investments, you won’t face lengthy waiting periods or limited buyers when selling gold in UAE.

Privacy: Gold offers a level of confidentiality, preserving your anonymity. Unlike other assets held by financial institutions, your gold ownership remains discreet, making it an appealing option for those seeking privacy.

Protection against Cyber Risks: Gold’s tangibility offers protection against potential cyber-attacks or digital security risks associated with paper assets. Having non-digital assets like gold can help mitigate these risks and provide peace of mind.

Minimal Fees: Compared to other investments, owning gold incurs fewer fees. While professional storage for gold may have associated costs, the overall maintenance fees are low compared to brokerage accounts or other investments.

Protection against Government Overreach: Gold can safeguard against government interventions in times of political turmoil. Owning physical gold allows you to maintain control without relying on third parties. Storing gold offshore is also an option for added protection.

Better Value Preservation than Other Precious Metals: Unlike other precious metals with high industrial demand, gold’s value remains more stable during economic downturns. Its historical performance during stock market crashes and recessions make it a reliable asset during times of financial uncertainty.

Short Learning Curve: Compared to other investments, investing in gold requires less specialized knowledge and expertise. It is a straightforward process that does not require constant learning and adaptation.

Understanding these advantages will help you make an informed decision about investing in gold. If you are ready to start investing, contact us today for more information on how we can assist you.

[foxnangelseo]

UAE Emerges as Fourth-Largest Investor in India in FY23

Introduction:

In recent years, the United Arab Emirates (UAE) has been making significant strides in establishing itself as a key player in the global investment landscape. Its strategic geographic location, strong economic foundation, and ambitious vision have propelled the UAE into becoming one of the top investors in various countries, including India. According to a report by the Economic Times, the UAE has emerged as the fourth-largest investor in India during the fiscal year 2022-2023. This development not only highlights the growing bilateral ties between the two nations but also signifies the immense potential for further collaboration and economic growth. In this blog post, we will delve into the factors behind this investment surge, the sectors attracting UAE investments, and the implications for both nations.

Factors Driving UAE Investments in India:

Strong Bilateral Relations: The UAE and India have enjoyed longstanding friendly relations, marked by extensive trade and cultural ties. The leaders of both countries have consistently expressed their commitment to strengthening economic cooperation, leading to increased trust and confidence among investors from the UAE.

Indian Market Potential: With a population of over 1.3 billion and a rapidly growing middle class, India offers immense market potential across various sectors. The UAE investors recognize the opportunities present in India's consumer market, infrastructure development, and emerging sectors such as technology, renewable energy, and healthcare.

Ease of Doing Business: The Indian government has implemented several initiatives to improve the ease of doing business in the country, such as the introduction of the Goods and Services Tax (GST), simplification of regulations, and facilitation of foreign direct investment (FDI). These reforms have created a more investor-friendly environment, attracting foreign investors including those from the UAE.

Key Sectors Attracting UAE Investments:

Infrastructure Development: The UAE investors have shown keen interest in India's infrastructure sector, including roads, ports, airports, and logistics. India's ambitious infrastructure development plans, such as the Bharatmala project and the Sagarmala initiative, align well with the UAE's expertise in construction and logistics.

Renewable Energy: Both the UAE and India are committed to transitioning to sustainable energy sources. UAE investors have capitalized on India's renewable energy market, particularly in solar and wind power projects. The UAE's expertise in renewable energy and its access to capital has been instrumental in financing India's renewable energy ambitions.

Technology and Startups: India's technology sector has witnessed exponential growth in recent years, with a flourishing startup ecosystem. UAE investors have recognized the potential for high returns in this sector and have actively participated in funding Indian startups and technology companies. The synergy between India's talent pool and the UAE's financial resources has led to mutually beneficial collaborations.

Implications for UAE and India:

Economic Growth: The increased UAE investments in India will contribute to the overall economic growth of both nations. The investments will stimulate job creation, boost industrial development, and enhance technological advancements in India. At the same time, UAE investors will benefit from the robust growth potential of the Indian market.

Strengthening Bilateral Ties: The deepening economic ties between the UAE and India will further strengthen their overall bilateral relations. The collaboration in various sectors will foster cultural exchange, knowledge transfer, and people-to-people interactions, paving the way for a stronger partnership.

Knowledge Exchange: The UAE's investments in India's technology and startup ecosystem will facilitate the exchange of knowledge and expertise. Indian entrepreneurs and innovators will have access to the UAE's extensive networks, mentorship programs, and funding opportunities, helping them scale their businesses and contribute to the global technology landscape.

The emergence of the UAE as the fourth-largest investor in India during the fiscal year 2022-2023 is a testament to the deepening economic ties between the two nations. The UAE's investments in various sectors, such as infrastructure, renewable energy, and technology, highlight the growing confidence in India's potential for economic growth. This investment surge not only benefits both countries economically but also strengthens their overall bilateral relations. As India continues to implement reforms and attract foreign investments, the UAE is well-positioned to play a crucial role in India's journey towards becoming a global economic powerhouse. The partnership between the UAE and India holds immense promise and is poised to create a win-win situation for both nations in the years to come.

This post was originally published on: Foxnangel