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    Russian central bank slashes key interest rate, predicts more cuts

    27 Jul 2019

    The Russian central bank (CB) trimmed its key interest rate to 7.25%, as expected, and said more cuts were likely later this year amid slowing inflation.

    ADIB and Al Baraka sign MoU to expand network

    21 Jul 2019

    Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Al Baraka Banking Group (Al Baraka), a Bahrain-headquartered Islamic multinational banking group, on Sunday announced that they have signed a memorandum

    Bankia net profit falls 31.6 per cent

    29 Jul 2019

    State-owned lender Bankia on Monday reported a 31.6 per cent fall in second-quarter net profit from a year earlier due to lower trading income although income from loans showed some signs of stability.

    Noor Bank raises over Dhs500m for Azimut’s fixed maturity fund

    07 Jul 2019

    Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation.

    OSPs deposit $7.5 billion in banks

    07 Jul 2019

    The National Assembly’s Standing Committee on Finance has showed dissatisfaction over the FBR’s performance to bring people into the tax system out of total 152,000 bank account details received from the Organisation for Economic Cooperation

    BOJ keeps policy steady, may opt for more easing in future

    30 Jul 2019

    The Bank of Japan (BOJ) kept its monetary settings steady on Tuesday but added language to its policy statement that it would ease “without hesitation” if the economy loses momentum for achieving the central bank’s 2% inflation target.

    Bank of Japan ready to ramp up stimulus, seek policy options

    06 Jul 2019

    Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said the central bank is ready to ramp up stimulus and will consider all policy options, including deepening negative interest rates, if the loss of economic momentum hurts its efforts to boost inflation.

    India’s fiscal deficit adheres to budget target: RBI Governor

    14 Apr 2019

    Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”

    MBF Group ties up with NBE

    28 Apr 2019

    Sheikh Mohammed Bin Faisal Al Qasimi, Chairman and CEO of MBF Group has signed an investment partnership with Hussain Al-Tantawi, Executive Director of the National Bank of Egypt (NBE), at (DIFC) office, in the presence of Tariq Al Ghazali, General Manager of the Bank’s representative office in the UAE.

    Top China bank ICBC posts a profit rise of 4.1 per cent

    29 Apr 2019

    Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest commercial lender by assets, posted a 4.1 per cent rise in profit for the three months ended March, its fastest growth for the period since 2014. Profit was 82.01 billion yuan ($12.18 billion) for the first quarter, compared with 78.80 billion yuan in the same period a year earlier, the bank said in a filing on Monday.

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