Category :Banking

Banking Economy Featured News Regional

Saudi Arabia’s PIF to Invest $5 Billion in Oman

Global Business Magazine July 31, 2023

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed a Memorandum of Understanding (MoU) with the Oman Investment Read More

Banking Featured Finance News Regional

Emirates NBD’s Profits Surge 130% to $3.35 billion in H1-2023

Global Business Magazine July 28, 2023

Emirates NBD, one of the leading banks in the UAE, on Thursday announced that its profits surged by 130% to a record $3.35 billion Read More

Banking Featured Finance News Regional

GCC Banks’ Profits Soar in Q1 of 2023

Global Business Magazine June 15, 2023

Aggregate net profit for listed banks in the GCC reached a new record high during Q1 this year, mainly led by a Read More

Banking Featured Finance News Regional

Transactions in UAE Banking System Soar to $3.74 Trillion in One Year

Global Business Magazine June 12, 2023

The total transactions in the UAE money transfer system affiliated with the Central Bank exceeded a whopping $3.74 trillion in one year – between Read More

Banking Finance News Regional

UAE and Qatari Banks to Advice Hong Kong on Industry Issues

Global Business Magazine June 8, 2023

In a move aimed further strengthening cooperation between Hong Kong and the GCC region, the banks from the UAE and Qatar will Read More

Banking Business Featured News Regional

DP World, Standard Chartered Bank Offer Trade Finance Solutions

Global Business Magazine June 1, 2023

DP World, a global leader in supply chain solutions, on Tuesday announced its partnership with Standard Bank, the largest bank in Africa Read More

Banking Featured Finance News Regional

Standard Chartered picks Dubai to enter digital asset custody space

Global Business Magazine May 11, 2023

tandard Chartered on Wednesday signed an MoU with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody—Read More

Banking Featured Finance News Regional

EIIC Acquires Minor Stake in Abu Dhabi Islamic Bank

Global Business Magazine May 8, 2023

Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, ON Friday announced that it has acquired a minor stake Read More

Banking News World

Chinese Yuan Deposits in Taiwanese Banks Touch Lowest Level in Over Nine Years

Global Business Magazine April 24, 2023

The value of Chinese yuan deposits held by the Taiwanese banking system plummeted to reach the lowest level in more than nine Read More

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Dubai Islamic Bank Achieves 47% Growth in Total Income in Q1-2023

Global Business Magazine April 19, 2023

Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant bank, on Thursday announced a 47% increase in total income to $1.2 billion for the Read More