Category :Banking

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

Banking Featured News Regional

ADIB achieves 30% growth in profits in H1-2022

Global Business Magazine August 4, 2022

Abu Dhabi Islamic Bank has announced that it achieved a 30% growth on an annual basis in its net profits, which amounted to $380 Read More

Banking Featured News Regional

Dutch Bank FMO sign agreement with Egypt’s Algebra Ventures

Global Business Magazine August 4, 2022

FMO, the Dutch entrepreneurial development bank, and leading Egyptian venture capital firm Algebra Ventures has announced the signing of a $10 million commitment Read More

Banking Featured News Regional

UAE banks’ assets Increase to $910 billion by May 2022

Global Business Magazine August 1, 2022

The Central Bank of the UAE (CBUAE) on Monday said that the total assets of the UAE banks increased to $940 billion at Read More

Banking Featured News Regional

Saudi National Bank reports net income of $1.2 billion in Q1-2022

Global Business Magazine July 28, 2022

The Saudi National Bank (SNB) on Thursday announced a net income after zakat and income tax of $1.2 billion by the end of Read More

Banking Featured News Regional

UAE Banks’ lending activity witnesses growth in Q1 of 2022

Global Business Magazine July 25, 2022

The Central Bank of UAE (UAECB) on Friday said that the lending activity in the UAE rebounded during the first quarter of Read More

Banking Featured News Regional

UAE banks have adequate and surplus liquidity, says IMF

Global Business Magazine July 25, 2022

The International Monetary Fund (IMF) said that the UAE banks enjoy an abundant surplus of liquidity.Read More

Banking Featured News Regional

CBUAE grants licence to Zand to operate as commercial bank

Global Business Magazine July 8, 2022

The UAE Central Bank has granted banking licence to Zand, the Emirates’ first digital bank that aims to cater to retail and Read More

Banking Featured News Regional

Mid-year outlook for Middle East banks improving, says Fitch Ratings

Global Business Magazine July 4, 2022

Business conditions for banks worldwide are likely to deteriorate this year compared to 2021 as rising prices slow down economic growth, according to Read More