Financial Archives - Jordan Gazette

Business

IMAN Holdings Plans $100 Million Fundraise to Expand AI-Powered Islamic Banking Into the GCC

IMAN Holdings has announced plans to raise $100mn to accelerate the development and expansion of its AI-powered Islamic banking platform, with a focus on entering GCC markets. Founded in 2020, the Central Asia–based fintech company has developed a mobile-first financial ecosystem built around Shariah-compliant principles. Its platform integrates savings, investments, payments, and financial guidance within […]

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Business

Barclays and Lloyds join FCA’s second AI sandbox as banks race to prove their tech credentials

Barclays and Lloyds have joined the FCA’s second AI live testing cohort alongside Experian, GoCardless and UBS, as UK banks accelerate their artificial intelligence investment. Read more: Barclays and Lloyds join FCA’s second AI sandbox as banks race to prove their tech credentials

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Business

BADR hike branded a ‘tax-grabbing assault’ as Britain’s founders eye the exit

Founders and advisers warn the latest hike in Business Asset Disposal Relief to 18% is squeezing entrepreneurs and pushing Britain’s homegrown talent abroad. Read more: BADR hike branded a ‘tax-grabbing assault’ as Britain’s founders eye the exit

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Business

Finance chiefs sound alarm over Anthropic’s ‘mythos’ AI model amid cyber-security fears

Finance ministers, central bankers and Barclays’ chief executive warn that Anthropic’s new Mythos AI model could expose critical vulnerabilities in the world’s financial systems. Read more: Finance chiefs sound alarm over Anthropic’s ‘mythos’ AI model amid cyber-security fears

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Business

Barratt Redrow pulls back on land buying as Iran war rattles housing market

Britain’s biggest housebuilder Barratt Redrow is cutting land purchases by up to £200m as the Iran conflict fuels mortgage rate fears, yet Q3 sales rose 6% and the order book swelled to £3.54bn. Read more: Barratt Redrow pulls back on land buying as Iran war rattles housing market

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Business

Bank of England warns Iran war could trigger financial crisis risks

The Bank of England warns the Iran war could trigger a financial crisis, with rising mortgage costs, inflation and market volatility hitting UK households. Read more: Bank of England warns Iran war could trigger financial crisis risks

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Business

Car finance redress bill cut by £2bn as VCA unveils final compensation scheme

The FCA has reduced the car finance compensation bill to £7.5bn, while increasing average payouts, as lenders and consumers weigh potential legal challenges. Read more: Car finance redress bill cut by £2bn as VCA unveils final compensation scheme

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Business

Ineos losses widen to $593m as Ratcliffe halts dividend amid energy turmoil

Sir Jim Ratcliffe’s Ineos reports $593m loss and skips dividend as energy volatility and Middle East tensions drive up costs and risks. Read more: Ineos losses widen to $593m as Ratcliffe halts dividend amid energy turmoil

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Business

Ford’s FCE Bank sets aside £155m ahead of car finance compensation ruling

Ford’s FCE Bank has set aside £155m for car finance mis-selling claims as the FCA prepares to unveil rules for a multibillion-pound compensation scheme. Read more: Ford’s FCE Bank sets aside £155m ahead of car finance compensation ruling

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Business

UK firms enter new energy crisis weaker than in 2022, distress index warns

UK businesses are more financially vulnerable than before the Ukraine war, with rising energy costs and interest rates increasing corporate distress. Read more: UK firms enter new energy crisis weaker than in 2022, distress index warns

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Tag: Financial