The European Central Bank headquarters in Frankfurt, Germany.
Battered by years of low interest rates, eurozone banks are looking at a multi-billion-euro consolation prize if the ECB grants them an expected reprieve from its penalty charge on deposits, according to Reuters calculations.
The Russian central bank (CB) trimmed its key interest rate to 7.25%, as expected, and said more cuts were likely later this year amid slowing inflation.
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Al Baraka Banking Group (Al Baraka), a Bahrain-headquartered Islamic multinational banking group, on Sunday announced that they have signed a memorandum
As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced
The Board of Directors of Etihad Rail, the developer and operator of the UAE’s national railway, has awarded a contract for the supply of locomotives for the UAE’s nationwide
Peugeot maker PSA Group has weathered the weaknesses in the automobile sector and able to register remarkable results. Besides, its merger partner Fiat Chrysler