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Dubai Chambers, Standard Chartered to support international expansion of local businesses

28 Nov 2024

Dubai Chambers and Standard Chartered signed a Memorandum of Understanding to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets....

BOJ policymaker calls for slow movement on rate hikes

03 Oct 2024

Japan’s central bank has scope to raise interest rates further but must move cautiously and slowly to avoid hurting the economy, a dovish policymaker said on Thursday, reinforcing market views...

UBS ahead of schedule on cost savings, CEO says

24 Sep 2024

Swiss bank UBS is running around six months ahead of schedule in its cost savings efforts and its integration of Credit Suisse, CEO Sergio Ermotti said on Tuesday. UBS is...

Federal Reserve cuts rates by half a percentage point UAE other Gulf central banks follow suit

19 Sep 2024

The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the US...

UAE Central Bank imposes fine of Dhs5 million on a bank violating Anti-money Laundering laws

16 Sep 2024

The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE. The decision is pursuant to articles 89 and 137 of the...

Nasdaq Dubai lists $400 million bonds from Agricultural Bank of China

03 Sep 2024

Nasdaq Dubai has announced the listing of US$400 million Floating Rate Notes by Agricultural Bank of China (DIFC Branch). This marks the bank’s second bond listing on Nasdaq Dubai amidst...

Dubai Chambers, CCB to promote investment

18 Aug 2024

Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) — DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese companies...

Court rejects bank’s request to obligate customer to pay Dhs484,000

14 Aug 2024

Salam Abu Shehab, Staff Reporter The Abu Dhabi Commercial Court of First Instance revoked a lawsuit filed by a bank to obligate a man to pay Dhs484,825 as a...

China new loans hit 15-year low in July, more policy steps expected

13 Aug 2024

China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that the...

Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank

12 Aug 2024

Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion...

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