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Category :Banking

China’s Central Bank Injects Over $281 Billion to Its Banking System

Global Business Magazine June 7, 2024

China’s central Bank - People’s Bank of China – announced that it has conducted $281.27 million of seven-day reverse repos at an Read More

Banking Featured News Regional

UAE Listed Banks Record Highest Deposit Growth in Q1-2024

Global Business Magazine May 24, 2024

The UAE-listed banks recorded the highest deposit growth in the first quarter of 2024 among the GCC banks, which grew by 5.6% y-o-y to $803.2 Read More

Banking Featured News Regional

More French Banks Likely to Exit Morocco

Global Business Magazine May 9, 2024

When French bank Societe Generale Marocaine de Banques (SocGen) announced its decision to quit Morocco, the North African country, last month, it Read More

Banking Featured News World

Another US Bank Shut Down by Regulators in Pennsylvania

Global Business Magazine May 6, 2024

The fears of a contagion spreading to US banking sector resurfaced as the Pennsylvania’s bank regulator and Federal Deposit Insurance Corporation (Read More

Banking Featured News Regional

Egyptian Central Bank Approves Launch of Country’s First Digital Bank

Global Business Magazine May 3, 2024

The Central Bank of Egypt (CBE) on Thursday granted preliminary approval to Misr Digital Innovation (MDI) to launch the country’s first Read More

Banking Featured News

First Abu Dhabi Banks Reports Growth in Net Profit and Revenue in Q1-2024

Global Business Magazine May 2, 2024

Underlining its bank’s consistent growth trajectory, First Abu Dhabi Bank (FAB), one of the largest bank in the Middle East, on Read More

Banking Featured News Regional

Emirates NBD’s Profits Surge 67% in Q1 of 2024

Global Business Magazine April 26, 2024

The profits of Dubai-headquartered lender Emirates NBD surged 67% to a record $1.82 billion in the first quarter of 2024 compared with the previous quarter Read More