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Category :Banks

Korean Not Keen on Including Bitcoin as Forex Reserve

Global Business Magazine March 17, 2025

Officials of the South Korean central bank – Bank of Korea - on Sunday called for a ‘cautious approach’ to an idea of Read More

Banks Business Companies IMF World

IMF Cautions New Zealand Against Pushing Its Central Bank

Global Business Magazine March 12, 2025

The International Monetary Fund (IMF) has cautioned the New Zealand Government against pushing its Reserve Bank of New Zealand (RBNZ) bending too Read More

Banks Business Companies Mergers and Acquisitions World

J Safra Sarasin to Acquire 70% Stake in Saxo Bank

Global Business Magazine March 11, 2025

Swiss private bank J Safra Sarasin Group, a global leader in private banking and wealth management, has announced that it will acquire Read More

Banks Business Companies Digital Payments Regional

Mashreq to Launch NEO CORP Digital Platform in Egypt

Global Business Magazine February 27, 2025

Mashreq, one of the leading financial institutions in the MENA region, has announced plans to extend the roll-out of its innovative digital Read More

Banks Business Companies Dividends Earnings Regional

Emirates NBD to Pay Cash Dividend of $171.9 Million

Global Business Magazine February 25, 2025

The annual general assembly meeting of Emirates NBD, the largest bank in Dubai, has approved the Board’s proposal to distribute cash Read More

Banks Business Companies Finance World

AIIB Provides $5 Billion to Turkiye for Three Years

Global Business Magazine February 18, 2025

Turkiye’s Finance Ministry has signed a memorandum of understanding (MOU) with the Asian Infrastructure Investment Bank (AIIB) to provide $5 billion in Read More

Banks Economy GDP World

Kyrgyzstan May Lead Eurasia’s GDP Growth in 2024

Global Business Magazine February 17, 2025

The Eurasian Development Bank (EDB) region’s GDP growth of 4.2% in 2024 will be the highest since 2012, excluding the period of recovery from Read More

Business Banks Companies Funding Gaming Regional World

Wynn Resorts Secure $2.4 Billion Loan for Its Project

Global Business Magazine February 7, 2025

In a landmark transaction representing the largest hospitality financing transaction in the history of the UAE, Wynn Resorts has finalised a $2.4 billion Read More

Banks Business Companies Earnings Regional

Al Salam Bank’s Net Profit Grew 48.7% in FY24

Global Business Magazine February 7, 2025

Reflecting a robust increase of 48.7%, the Manama-headquartered Al Salam Bank has reported a net profit $44.3 million in the fourth quarter of 2024, compared Read More

Banks Business Companies Earnings Regional

UAB Reports Net Profit of $90.12 Million in FY24

Global Business Magazine February 5, 2025

The UAE-based United Arab Bank (UAB) said it has posted a net profit (before tax) of $90.12 million for the year 2024, compared with $69.43 Read More