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Emirates NBD reported a record Dhs27.1 billion profit before tax in 2024, up 15 per cent from the previous year, while the profit after tax reached Dhs23 billion, up...
Emirates Islamic (EI) has reported a record profit before tax of Dhs3.1 billion in 2024, a remarkable 46 per cent increase over the previous year. Net profit also reached...
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the US central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed...
Pakistan’s central bank (CB) cut its key policy rate by 200 basis points to 13 per cent on Monday, it said in a statement, its fifth straight reduction since...
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....
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...
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...
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...
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 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...
