Category :Banking

Banking Featured News Regional

Saudi’s Top 10 Banks Performed Robust and Positively in 2023

Global Business Magazine March 19, 2024

The performance of top 10 listed banks in Saudi Arabia remained largely robust and positive as the operating income grew by 9.5% reflecting the Read More

Banking Featured News Regional

Assets of UAE Banks Reach $1.1 Trillion by End-2023

Global Business Magazine March 18, 2024

The total assets of the banks operating in the UAE increased by 3.1% q-o-q, reaching $1.1 trillion at the end of the fourth quarter Read More

Banking Featured Mergers and Acquisitions News Regional

Al Salam Bank Bahrain Increases its Shareholding in Al Salam Bank Algeria to 66.7%

Global Business Magazine March 13, 2024

AL Salam Bank (ASB) Bahrain on Tuesday announced that it has increased its shareholding in Al Salam Bank Algeria (ASBA) from 53.1% to 66.7% Read More

Banking Featured News Regional

ADIB Shareholders Approve Dividend of $0.17 Per Share for 2023

Global Business Magazine March 4, 2024

The annual general meeting of Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, on Friday approved a cash Read More

Banking Featured News Regional

Bahrain Mumtalakat to Invest in Singapore Gulf Bank

Global Business Magazine March 4, 2024

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, has announced that it will invest in Singapore Gulf Bank (SGB), Read More

Banking Featured News Regional

UAE’s Top 10 Listed Banks’ Aggregate Net Income Grew by 54.1% in 2023

Global Business Magazine February 29, 2024

Riding on higher interest rates, the aggregate net income of the UAE’s 10 largest listed banks grew by 54.1% y-o-y to $20.94 billion 2023, Dubai-based Read More

Banking Featured News Regional

Saudi and the UAE Banks to Continue Their Growth in 2024

Global Business Magazine February 26, 2024

Supported by robust credit demand in non-oil sectors and economic diversification pogrammes, the Saudi banking system is poised well for continued growth Read More

Banking Featured Merger and Acquisitions News World

Decks Cleared for ANZ to Acquire Suncorp Bank in Australia

Global Business Magazine February 21, 2024

In a first of its kind ruling, the Australian Competition Tribunal on Tuesday overturned an Australian Competition Consumer Commission (ACCC) ruling in Read More

Banking Featured Finance News World

HBCE Completes Sale of Its French Retail Banking Business to My Money Group

Global Business Magazine January 3, 2024

HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF, a subsidiary of My Money Read More

Technology Banking Featured News

Adyen to Act as Klarna’s Acquiring Bank

Global Business Magazine December 11, 2023

Adyen, the global financial technology platform for many of the world's leading companies, has announced that it was strengthening its global partnership Read More