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    NBF approves dividend for 2022

    NBF approves dividend for 2022

    17 Mar 2023

    The National Bank of Fujairah (NBF) held its Annual General Assembly Meeting (AGM), where shareholders approved the distribution of profits of 6 per cent of the paid-up capital by way...

    Credit Suisse’s $54b lifeline gives global banks tentative respite

    Credit Suisse’s $54b lifeline gives global banks tentative respite

    16 Mar 2023

    Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank, after a slide in its shares...

    Stocks sink on Wall Street due to renewed fears about banks

    Stocks sink on Wall Street due to renewed fears about banks

    15 Mar 2023

    Stocks are back to falling on Wall Street on Wednesday as worries worsen about the strength of banks on both sides of the Atlantic. The S&P 500 was 1.3% lower...

    HSBC rescues British arm of stricken Silicon Valley Bank

    HSBC rescues British arm of stricken Silicon Valley Bank

    13 Mar 2023

    HSBC bought the UK arm of Silicon Valley Bank (SVB) for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain, as the biggest bank...

    Banks’ deposits of greater than Dhs20m rose to Dhs1.31 trillion

    Banks’ deposits of greater than Dhs20m rose to Dhs1.31 trillion

    11 Mar 2023

    Large deposits (greater than Dhs20 million) made up 59% the total deposits held by the banks based in the UAE that totalled Dhs2.222 trillion until the end of 2022, data...

    Credit Passports to help new expats applying for financial services in UAE

    Credit Passports to help new expats applying for financial services in UAE

    08 Mar 2023

    Gulf Today, Staff Reporter Al Etihad Credit Bureau (AECB), a company that provides information and analytics to support credit decisions, has announced a strategic collaboration with Nova Credit, the...

    UAE to set up $100 billion Asian Investment Bank office

    UAE to set up $100 billion Asian Investment Bank office

    06 Mar 2023

    Gulf Today, Staff Reporter His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired a cabinet meeting in Abu Dhabi on Monday....

    Europe’s biggest bank reports a 92% surge in quarterly profit

    Europe’s biggest bank reports a 92% surge in quarterly profit

    21 Feb 2023

    HSBC dampened investors’ expectations of a sustained income bonanza from rising global interest rates, even after Europe’s biggest bank reported a 92 per cent surge in quarterly profit and pledging...

    Japan firm, BOP sign $30m loan deal

    Japan firm, BOP sign $30m loan deal

    20 Feb 2023

    Japan International Cooperation Agency (JICA) and the Bank of Palestine (BOP) signed a $30 million Loan agreement for an Additional Tier 1 Investment in the capital of the bankfor the...

    China new bank loans jump to record $720.2 billion in January

    China new bank loans jump to record $720.2 billion in January

    11 Feb 2023

    New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.2 billion) in January as the central bank looks to kickstart a recovery in the...

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