Category :Banking

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Ethmar International Holding and Ajman Bank Sign Strategic Partnership Deal

Global Business Magazine April 14, 2023

Ethmar International Holding and Ajman Bank Sign Strategic Partnership DealRead More

Economy Banking Finance News Recession World

US Banking Crisis Likely to Push It’s Economy into Recession in 2023

Global Business Magazine April 13, 2023

The US Federal Reserve on Wednesday said that fallout from the US banking crisis was likely to cause the economy to tilt Read More

Featured Banking COVID-19 Economy Finance Investments Merger and Acquisitions News Regional

Ahli Bank Rejects Merger Offer from Bank Dhofar in Oman

Global Business Magazine April 13, 2023

Two days after receiving a proposal from Sultanate’s second biggest lender Bank Dhofar, Oman’s Ahli Bank has rejected the non-binding Read More

Banking Featured News Regional

CBUAE launches central bank digital currency strategy

Global Business Magazine March 24, 2023

The Central Bank of UAE (CBUAE) on Thursday jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation Read More

Banking Featured News Regional

UAE banks are among least exposed to energy transition

Global Business Magazine March 15, 2023

The impact of the shift to renewable energy sources on the oil and gas prices and the desire of investors and customers Read More

Banking Featured News Regional

UAE’s new commercial transaction law helps Islamic Banking sector

Global Business Magazine January 9, 2023

The UAE Banks Federation, said that the Commercial Transactions Law issued by the government, constituted a quantum leap for Islamic financial and Read More

Banking Featured News Regional

Jordan Kuwait Bank Selects Codebase Technologies’ Digibanc Platform for Digital Onboarding and Instant Credit Services

Global Business Magazine January 3, 2023

Jordan Kuwait Bank (JKB), one of Jordan's leading financial institutions, has partnered with Codebase Technologies, one of the fastest growing open API Read More

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