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…
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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…
UAE Needs To Make “Major” Reforms To Tackle Money Laundering, Says Global Watchdog
The world’s main anti-money laundering watchdog, the Financial Action Task Force, has said the United Arab Emirates needs to make…
National Bank of Fujairah PJSC – Q1 2020 Results
NBF’s robust liquidity and capital position and focused asset and liability management positions its well to navigate the uncertain environment…
Fitch: GCC bank credit profiles to weaken despite unprecedented stimulus
The standalone credit profiles of Gulf Cooperation Council banks are set to weaken due to the coronavirus pandemic and lower…
Israeli Blockchain Startup 2key Launches New Ethereum-based app
SmartSession is a new app powered by Ethereum, and it comes from an online platform that is fully-owned and operated…
ADIB to market Islamic Leasing and Finance Opportunities Fund II exclusively in UAE
Abu Dhabi Islamic Bank has signed an agreement with WCP Investments a joint venture led by NBK Capital, the investment…
UAE doing too little to stem money laundering and terrorist finance: watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its…