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    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...

    ADIB Business Banking unveils expansion plan

    ADIB Business Banking unveils expansion plan

    13 May 2024

    Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced its expansion plan to better serve its Business Banking customers across the UAE. ADIB Business Banking is expanding its presence...

    SIB’s net profit grows 22.5% in Q1

    SIB’s net profit grows 22.5% in Q1

    22 Apr 2024

    Sharjah Islamic Bank (SIB) announced an increase in its net profit before tax by 22.5 per cent, amounting to Dhs285.4 million for the first quarter 2024, compared to Dhs233.1 million...

    Citigroup’s first quarter profit falls 27 per cent

    Citigroup’s first quarter profit falls 27 per cent

    13 Apr 2024

    Citigroup’s first quarter profit fell 27 per cent as the bank took charges related to its reorganization, although it beat expectations as revenues grew in key divisions. The bank’s shares...

    HSBC takes $1b hit from Argentina sale

    HSBC takes $1b hit from Argentina sale

    09 Apr 2024

    HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire...

    UAE removed from Financial Action Task Force 'grey list'

    UAE removed from Financial Action Task Force 'grey list'

    23 Feb 2024

    The Financial Action Task Force (FATF), the international organisation in charge of combatting money laundering and terrorism financing has announced the UAE’s completion of all 15 recommendations of its...

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