Tuesday, July 14, 2020

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Central bank, job cuts

UAE’s Central Bank Lowers Interest Rates In Line With Fed cuts

The Central Bank of the UAE has lowered interest rates in line with the decrease in interest rates on the US dollar, following the...
Emirates NBD; bonds; UAE

Dubai’s Emirates NBD Releases 10-year Kangaroo Bonds

Dubai's largest bank is selling ‘kangaroo’ bonds with a 10-year maturity, according to media sources. Emirates NBD has hired ANZ, Emirates NBD Capital, Mizuho and...

13th New Age Banking Summit to look at challenges, future-forward strategies

DOHA, QATAR:  The 13th edition of the New Age Banking Summit (NABS), a leading platform for the banking and Fintech sector in the Middle...
Ahli Bank

Ahli Bank gets Alam al-Iktisaad Wal A’mal Excellence Award for SME solutions

Ahli Bank has been awarded Alam al-Iktisaad Wal A’mal (AIWA) Excellence Award 2019 for SME solutions. HE Badr Al Jabri, Deputy Head of Youth and Human...

Providing the impetus for growth: Sayyid Wasfi bin Jamshid Al Said, Acting CEO of...

Cost of funds in the banking sector will remain a key focus in 2020 as banks compete for a lower cost and a more...

Interview: Dr. Bernd van Linder, CEO, Commercial Bank of Dubai

Commercial Bank of Dubai (CBD) is one of the top seven banks of the United Arab Emirates, with more than $20 billion in assets and...

Bankers Predict More Big Asia IPOs in 2020

As Asia Pacific wraps up its best quarter for new listings in almost a decade, the region’s investment bankers are preparing for a busy...
rich asian

World’s rich are rattled and looking for old-fashioned security

(Bloomberg) --A few blocks from Grosvenor Square in Mayfair, 46 Park Lane resembles a private club with wood-paneled walls and an ornate fireplace dating...

UAE banking outlook stable on resilient credit profiles: Moody’s

The outlook for the United Arab Emirates (UAE) banking system remains stable as banks' credit profiles are resilient in a stable but subdued economy,...

Worst-performing bank stock is now seeing world’s biggest surge

(Bloomberg) --India’s Yes Bank Ltd., the world’s worst-performing lender in 2019, has posted the globe’s biggest gain over the past month. Its shares have rallied...