Gold prices going to "pop" to $2,700, easily – Frank Holmes
Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold…
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Turkey's Akbank posts 7% drop in Q1 cons net profit
Turkish lender Akbank [IST:AKBNK] said that its consolidated net profit fell by 7% year-on-year to 1.3 billion lira ($186 million/171…
Bahraini bank Al Baraka boosts provisions to cover any virus impact
Al Baraka Banking Group increased provisions by 10-12% in the first quarter to deal with any fallout from the coronavirus…
Do not click that link if you are not sure
In the last three months, there has been a 25 to 26 per cent rise in malicious activities online in…
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…
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…
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…
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…
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…
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…
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…
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,…