Category :Banking

Banking Featured News Regional

Oman’s Islamic banking sector’s assets increase by 9.1% to reach $16.6 billion

Global Business Magazine December 13, 2022

The total assets of Oman’s Islamic banking sector, including Islamic banks and windows operating in the sultanate, increased by 9.1% year-on-year to Read More

Banking Featured News Regional

UAE’s banking sector cross $900 billion in 2022

Global Business Magazine November 17, 2022

UAE’s banking sector assets have grown 12-fold - from $75 billion in 2000 to over $900 billion in 2022 - a jump from 70% of the Read More

Banking Featured News Regional

GCC Banks hike interest rates in line with US FED

Global Business Magazine November 3, 2022

In line with the US FED’s decision to hike the interest rates, the Central Banks in the UAE, Saudi and Bahrain Read More

Banking Featured News Regional

Central Bank of UAE completes CBDC transactions with other regulators

Global Business Magazine October 31, 2022

The Central Bank of the United Arab Emirates (CBUAE) announced that it has completed bridge, the world's largest pilot of central bank Read More

Banking Featured News Regional

Abu Dhabi’s IHC Invests $200 Million in Colombian Digital Bank

Global Business Magazine October 11, 2022

The Abu Dhabi-based diversified conglomerate International Holding Company, on Monday announced a capital investment of $200 million in Lulo Colombia S.A., which Read More

Banking Featured News Regional

The first platform bank in the region Wio launches in UAE

Global Business Magazine September 8, 2022

Wio Bank announced the launch of its operations in the United Arab Emirates (UAE) and became the first platform bank in the Read More

Banking Featured News Regional

Credit Suisse and IPA Qatar announce new partnership

Global Business Magazine September 7, 2022

The Investment Promotion Agency Qatar (IPA Qatar) and Credit Suisse have announced a new partnership in which the bank will expand on Read More

Banking Featured News Regional

UAE listed banks’ net profits reach $5.69 billion in H1-2022

Global Business Magazine September 1, 2022

Putting up an impressive show, the 11 national banks listed on the UAE capital markets have registered net profits of $5.69 billion in the Read More

Banking Featured News Regional

GCC central banks follow US FED, raise interest rates

Global Business Magazine August 23, 2022

The US Federal Reserve hiked interest rates by 75bp to 2.5% bringing the upper bound of the Fed Funds rate to what the Read More

Banking Featured News Regional

BNY Mellon and Emirates NBD Group will promote the development of the UAE capital markets

Global Business Magazine August 10, 2022

BNY Mellon, one of the world’s largest financial institutions, and Emirates NBD have disclosed a strategic partnership with Emirates NBD, a Read More