Fitch affirms AA rating for Emirates Development Bank
Fitch has affirmed the credit rating of Emirates Development Bank after the lender’s contribution to the UAE’s economy rose by 80 percent […]
HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire
HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief Executive Officer […]
Goldman Sachs in talks to transfer GM credit card partnership to Barclays, WSJ reports
April 29 (Reuters) – Goldman Sachs (GS.N), opens new tab is in talks to transfer its General Motors (GM.N), opens new tab credit card program to […]
Foreign investment in UK finance sector halves in 2023, says City of London
LONDON, April 30 (Reuters) – Foreign investment in Britain’s financial and professional services halved to one billion pounds ($1.25 billion) in 2023, […]
US regulators seize troubled lender Republic First, sell it to Fulton Bank
April 26 (Reuters) – U.S. regulators have seized Republic First Bancorp (FRBK.PK), opens new tab and agreed to sell it to Fulton Bank, underscoring […]
Saudi and UAE remittances to Pakistan hit $125m in Ramadan
Saudi Arabia topped the list of countries with the highest remittance to Pakistan in March, local media reported. Remittances from the kingdom […]
Oman and UAE sign deals worth $35bn
The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). […]
Crypto miners see ‘enormous potential’ in the Gulf
With cryptocurrencies edging up again after last weekend’s “halving” – in which the rewards Bitcoin miners get for solving problems is cut […]
Vietnam now has five billionaires on Forbes list
Hanoi (VNA) – The number of Vietnamese billionaires in US dollar has dropped to five in the early months of 2024 from the previous six, […]
European bank stocks rise to nearly 9-year high after earnings boost
LONDON, April 26 (Reuters) – European banking stocks extended their rally to an almost nine-year high on Friday, helped by first-quarter earnings […]
London’s Mining Crown Under Threat From $39 Billion Anglo Bid
BHP Group’s attempt to swallow up Anglo American Plc is the latest threat to one of the London stock market’s most-prized sectors, following speculation […]
Spain’s Bankinter takes on Irish banks with deposit move
MADRID, April 26 (Reuters) – Bankinter (BKT.MC), opens new tab said on Friday it was applying for a full Irish banking licence and entering […]