QIB’s Gamal warns of profit threat to every bank
Never letting a good crisis go to waste, to borrow a phrase from Winston Churchill, Qatar has used a three-year…
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SAMA values support by Saudi banks amounting to 100 million riyals
His Excellency Dr. Ahmed bin Abdul Karim Al-Khulaifi, Governor of the Saudi Arabian Monetary Agency has valued the initiative of…
Bank Hapoalim to Pay $874 Million to Settle U.S. Tax Charges
Geoffrey S. Berman, the United States Attorney for the Southern District of New York, Jeffrey A. Rosen, the Deputy Attorney…
Report: Green energy can save Middle Eastern economies
A big cut in the use of fossil fuels for electricity generation by 2030 would save the Middle East and…
Saudi foreign reserves fall to lowest record in 20 years
Saudi Arabia’s Monetary Authority said on Tuesday that the kingdom’s net foreign assets, which include securities such as US Treasuries…
COVID-19: UAE's ADIB bids on digital to drive Islamic trade finance
UAE lender Abu Dhabi Islamic Bank is renewing its focus on providing shariah-compliant trade financing in the region, driving in…
Egypt's NBE denies cancelling 15% yield certificates
The National Bank of Egypt continues to offer the new 15% annual yield savings certificates, the lender’s vice chairman Yehia…
Gold demand rises as investor buying spree offsets jewellery plunge- GFMS
Global gold demand rose in the first quarter as a surge in investment as the coronavirus outbreak convulsed global markets…
Falcon may exit PB business
Zurich-based Falcon has announced it may exit the private banking business. ‘The Board of Directors and the Executive Committee…
The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds
Wealthy investors and business owners are remaining optimistic about the longer term despite a sharp dip in short-term confidence due…
Arab Bank Switzerland Leads Major Series A for Swiss Digital Assets Firm Taurus
Arab Bank Switzerland has closed a Series A financing round for Swiss digital asset infrastructure firm Taurus Group. While undisclosed,…
What Asia-Pacific Can Learn From EU’s Open Banking Initiatives
The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set…