Category :Banks

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

Banks Business Funding Regional sovereign wealth funds World

PIF Secures $15 Billion Revolving Credit Facility

Global Business Magazine August 28, 2024

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) on Wednesday said that it has obtained a $15 billion multi-currency revolving credit Read More

Banks Business Companies Financial Services Regional World

CUB Expands to Middle East, Opens Office in Abu Dhabi

Global Business Magazine August 27, 2024

As part of its global expansion plans, the Bahamas-headquartered Capital Union Bank (CUB), which is also one of the leading financial institution Read More

EBRD Business Funding Green Energy World

EBRD to Fund Poland’s Baltica-2 Offshore Wind Project

Global Business Magazine August 21, 2024

The European Bank for Reconstruction and Development (EBRD) is considering to provide non-recourse long-term senior loan of $332.5 million in favour of a Read More