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

    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

    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

    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

    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

    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

    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

    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...

    Dubai bank announces instalment deferment facility for customers hit by system glitch

    Dubai bank announces instalment deferment facility for customers hit by system glitch

    27 Jul 2024

    Gulf Today, Staff Reporter In line with its commitment to its valued customers, Dubai Islamic Bank (DIB) has deferred the July installments of all customers whose installments could not be...

    Zand Bank signs MoU with MANTRA

    Zand Bank signs MoU with MANTRA

    06 Jun 2024

    Inayat-Ur-Rahman, Business Editor <!-- /* Font Definitions */ @font-face {font-family:Cambria; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 0 0 0 1 0;}...

    ABN Amro to buy private German Bank for $730 million

    ABN Amro to buy private German Bank for $730 million

    28 May 2024

    ABN Amro has agreed to buy German private bank Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million) from China’s Fosun International to expand in wealth management, its largest...

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