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    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 Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer

    ADCB reports pre-merger net profit at Dhs1.152b for 1st quarter

    06 May 2019

    The Abu Dhabi Commercial Bank (ADCB) on Monday reported its financial results for the first quarter of 2019. The results are for the standalone ADCB entity for the first quarter of 2019, prior to the merger with Union National Bank and the subsequent acquisition of Al Hilal Bank.

    du and ADIB renew partnership deal for data centre services

    30 May 2019

    du, from Emirates Integrated Telecommunications Company (EITC), has strengthened its partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, to provide dynamic class leading data centre services.

    Makaseb Investments launched

    20 May 2019

    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, domiciled in the Abu Dhabi Global Market (ADGM).

    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 quarters of consecutive losses. The lender had reported a net loss of Rs260.62 crore in the March quarter of the fiscal year 2017-18 (FY18).

    Australia’s economic performance allows CB to adopt suitable policy

    03 May 2019

    Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.

    HSBC beats estimates with 31% profit rise as costs decline

    03 May 2019

    HSBC Holdings beat forecasts with a 31 per cent rise in the first quarter profit, bolstered by a surge in income from its core Asian business due to the absence of legal and regulatory expenses borne in the year-ago quarter. Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint

    Bitcoin and cryptocurrencies aren’t money: Donald Trump

    12 Jul 2019

    US President Donald Trump on Thursday criticised Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves

    Video: Rap song video on bank fraud in Dubai blows up the Internet

    30 Jun 2019

    The music video, created by Dubai Police in collaboration with Emirates NBD, has a catchy rap tune that sums up the conversation between a banker and its client who was duped online.

    Bank manager embezzles funds from a customer's account

    18 Jun 2019

    Dubai court has charged a former manager of a bank for embezzling more than Dh120,000 from a company account.

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