Category :Banks

Banks Business Companies Mergers and Acquisitions Regional World

UAE’s Soven 1 Holding Acquires Majority Stake in Priorbank

Global Business Magazine September 23, 2024

Renowned Austrian lender - Raiffeisen Bank International AG (RBI) - has signed an agreement to sell its 87.74% stake in Belarusian Bank Priorbank Read More

Banks Bonds Business Companies Regional Sukuk

QCB Issues Bonds and Sukuk Valued $910 Million

Global Business Magazine September 23, 2024

Qatar Central Bank (QCB) on Sunday offered government bonds and Islamic sukuk in eight tranches with different returns and terms, with a Read More

Business Banks Companies Investments Technology World

OCBC To Invest $387.64 Million In Punggol Digital District

Global Business Magazine September 20, 2024

The Overseas-Chinese Banking Corporation (OCBC) said that it will invest about $387.64 million in Singapore’s Punggol Digital District (PDD) with the set-up Read More

Banks Business Digital Assets Technology World

Most Countries Exploring CBDCs, says Atlantic Council

Global Business Magazine September 18, 2024

As many as 134 countries and currency unions, representing 98% of global GDP, are exploring a Central Bank Digital Currency (CBDC), according to a Read More

Business Banks fintech Regional

Mashreq Bank Sells 65% Stake in NeoPay

Global Business Magazine September 13, 2024

Mashreq Bank, which is listed on Dubai Financial Market (DFM), on Friday said that it has signed an agreement to sell 65% of Read More

Business Banks Companies Digital Assets Financial Services Regional

CBUAE Approves Digital Assets Custodial Risk Insurance

Global Business Magazine September 12, 2024

Hong Kong’s OneDegree, Asia’s first licensed insurer for digital assets, on Thursday said that the company along with Dubai Insurance Read More

Banks Bonds Business Companies World

Australia Wants Banks to Phase Out AT1 Bonds

Global Business Magazine September 10, 2024

As part of its plans to the capital framework for banks in relation to hybrid instruments to improve the effectiveness of bank Read More

Banks Business Funding Regional

GCC Banks Well Positioned to Continue Strong Run

Global Business Magazine September 5, 2024

Gulf Cooperation Council (GCC) banks' good performance should continue throughout 2024, absent any unexpected shock, thanks to increasing lending volumes, higher fee income, Read More

Business Aviation Banks Companies Funding Regional World

AviLease Secures $2.5 Billion in Bridge Loan Refinancing

Global Business Magazine September 3, 2024

Saudi Arabia’s aircraft leasing company AviLease, which is a rapidly expanding global aircraft lessor and owned by Saudi Arabia’s sovereign Read More

Banks Business Companies fintech World

WebBank To Be Fintech Firm Sezzle’s Exclusive Bank

Global Business Magazine August 29, 2024

The Utah-based WebBank, will serve the Minneapolis-headquartered “Buy Now Pay Later” fintech firm Sezzle in the US as its exclusive bank to Read More