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Turkey asks banks to buy its bonds

28 May 2019

Turkey’s Treasury has told the country’s top banks it expects them to buy more lira-denominated bonds, prompting bankers to ask the government to issue more longer-term debt, two bankers told...

Noor Bank partners with ICICI Bank

26 May 2019

Business Bureau, Gulf Today Noor Bank, a leading Shari’ah-compliant bank in the UAE, has announced a strategic partnership with ICICI Bank Limited, India that allows customers to make instant money...

RBI’s booster dose expected; might cut repo rate in FY20

25 May 2019

Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve...

Eurozone business growth fails to shine during May

23 May 2019

A recovery in eurozone business activity was weaker than expected this month as a deepening contraction in the bloc’s manufacturing industry is increasingly holding back services firms, a survey showed....

Australia CB signals rate cut in June as economic growth cools

21 May 2019

Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in...

Makaseb Investments launched

20 May 2019

Business Bureau, Gulf Today Ajman Bank, in collaboration with Rasmala Investment Bank Limited (Rasmala), a leading alternative investment manager, has announced the launch of Makaseb Real Estate Investments SPV Limited,...

Metro Bank shores up funds

19 May 2019

Metro Bank shares surged after it raised 375 million pounds ($478 million) to repair its balance sheet, giving the bank breathing space ahead of a potentially fractious annual meeting next...

NBB to provide open banking services

18 May 2019

Business Bureau, Gulf Today National Bank of Bahrain (NBB) has taken a lead role in evolving the banking industry in the region, by adopting technologies that enable it to deliver...

HDFC partners with IMGC

16 May 2019

Housing finance major HDFC Limited has partnered with the India Mortgage Guarantee Corporation (IMGC) to offer a mortgage-guaranteed home loan product. The partnership aims to make it possible for HDFC...

UBI posts Rs95.18 crore net profit

14 May 2019

State-run United Bank of India (UBI) on Monday said it has posted a net profit of Rs95.18 crore in the fourth quarter of the financial year 2018-19 (FY19), after seven...

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