Category :Banking

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

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Shariah-compliant crypto Islamic Coin Aims to Exceed Bitcoin’s $1 Trillion Valuation

Global Business Magazine April 18, 2023

Emerging Shariah-compliant cryptocurrency Islamic Coin (ISLM) aims to exceed Bitcoin’s (BTC) $1 trillion valuation.Read More

Banking Bonds Economy Finance Investments News Regional World

Stanchart and IFC Renew Commitment to Boost Global Trade by up to $6 Billion

Global Business Magazine April 18, 2023

Standard Chartered (Standchart) and the International Finance Corporation (IFC) have announced the signing of a $700 million investment in the IFC’s Global Read More

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Profits of GCC Companies Register Record Growth in 2022

Global Business Magazine April 17, 2023

Listed companies in the Gulf Cooperation Council (GCC) reported another record aggregate profits during 2022 with growth seen almost across all the six Read More