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Bitcoin surges to record high of above $106,000
Bitcoin surged to a record high above $106,000 on Monday after President-elect ...
Banking & Finance -
Palestinians met requirements for Israel to extend banking waiver
Israel’s requirements for the indemnification needed to allow Israeli banks to ...
Middle East -
US urges Israel to extend banking ties with Palestinian Banks, citing security risks
US Deputy Treasury Secretary Wally Adeyemo urged Israel to extend its banking ...
Middle East -
UAE’s ‘Second Salary’ plan: What you need to know about the new retirement scheme
The UAE’s National Bonds on Monday announced the launch of a ‘Second Salary’ plan, ...
Gulf -
Saudi National Bank growth unaffected by Credit Suisse hit
Saudi National Bank’s growth strategy will be unaffected by the reduced valuation ...
Saudi Arabia -
US regulator sells failed Signature Bank assets to another lender
The US banking regulator has struck a deal to sell most of the assets of the ...
Banking & Finance -
Credit Suisse hit with first lawsuit over financial meltdown
Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s ...
Banking & Finance -
Dubai Police warn public against sharing OTP, bank details amid phone scams
Dubai Police have warned the public to be vigilant against fraudsters ...
Gulf -
HSBC embarks on huge hiring spree in Saudi Arabia in expansion move
HSBC is hiring dealmakers as “fast as it can” in Saudi Arabia to capitalize on a ...
Banking & Finance -
Saudi banks to prioritize liquidity needs for 2023, focusing on raising Tier-1 funds
Banks in Saudi Arabia are expected to continue to prioritize their liquidity ...
Economy -
Lebanon banks to strike: Banking association statement
Lebanon's banking association announced on Friday that banks would go on strike ...
Middle East -
Major banks far from hitting Paris climate targets: Report
The world’s most influential banks need to substantially accelerate climate ...
Banking & Finance -
Banking inspector in China’s Henan province under scanner after fraud case, protests
China’s banking regulator on Sunday said it is investigating an inspector at its ...
Economy -
At the highest rung of Europe’s banks, it’s still a man’s world
Women remain rare visitors to the highest echelons of European banks.The 25 ...
Features -
New app initiative to give ten-year-olds online banking access in the UAE
Children as young as ten will be able to earn, save and invest their money through ...
Banking & Finance -
China ex-banker sentenced to death for bribery, bigamy
The former chairman of one of China’s largest state-controlled asset management ...
Business -
Wall Street giants have billions of dollars under threat as US-China tensions mount
Wall Street giants such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. have ...
Features -
Egypt’s Commercial International Bank stockpiling cash for post-coronavirus
Egypt’s largest private lender is amassing cash so it will be able to consider ...
Coronavirus -
Lebanon central bank could ease withdrawal limits on more accounts: Government source
Lebanon’s central bank could ease withdrawals for medium-sized, dollar-denominated ...
Economy -
Lebanese banks set new exchange rate for small accounts, central bank source says
Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for ...
Economy -
Lebanon banks to shut until March 29 due to coronavirus
Bank branches in Lebanon will close from March 17-29 for the safety of employees ...
Economy -
‘Powerful and timely’ global response to coronavirus in works: Bank of England
Bank of England Governor Mark Carney said policymakers around the world were ...
Economy -
Emirates NBD announces net profit up 44 pct for 2019 to $3.95 billion
Emirates NBD, Dubai’s biggest bank and the second largest in the UAE, ...
Financial Markets -
Saudi, UAE banks will see jump in loan growth in 2020 as profit margins fall
While banks in Saudi Arabia and the United Arab Emirates can look forward to ...
Economy -
Egypt receives no request from Lebanon’s Bank Audi to sell Egyptian unit
Egypt’s central bank said in statement on Monday it had not received a ...
Economy -
Saudi Arabia grants license to Bank of China to open branch
Saudi Arabia’s cabinet approved the Bank of China's request for a license to ...
Economy -
S&P Global Ratings lowers three Lebanese banks to ‘Selective Default’ status
S&P Global Ratings has lowered its long-term issuer credit ratings on major ...
Business -
Biggest Saudi banks will be profitable despite low interest rates: Moody’s
National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), the ...
Economy -
Lebanon’s banks will not participate in three-day strike
Lebanon’s banks will not join a three-day general strike slated to begin on ...
Economy -
GCC banking outlook stable, underpinned by solid economic growth: Moody’s
Outlook for banks in the Gulf Cooperation Council (GCC) remains stable and is ...
Economy