Thursday, February 20, 2020

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Saudi’s Biggest Bank Abandons Plan to Create $200 Billion Lender

(Bloomberg) --Saudi Arabia’s biggest lender scrapped plans to merge with a local rival following a year of talks that would have created a bank...

Global risk-taking binge gives Central Banks cause to shudder

(Bloomberg) --Global central banks are approaching the end of the year with a collective shudder at the risky behavior that their low interest-rate policies...

Here is how GCC banks are likely to perform in 2020

Ratings agency Moody's Investors Service has outlined a stable outlook for Gulf Cooperation Council (GCC) banks, underpinned by solid economic growth and strong capital buffers...
banking finance

Assets of UAE commercial banks soar to AED 2.457 trillion

The overall assets of commercial banks in the United Arab Emirates swelled to AED 2.457 trillion by the end of September 2019, revealed statistics...
banking finance

Banks Must Act Now or Risk Becoming a ‘Footnote’: McKinsey

(Bloomberg) --More than half of the world’s banks are already in a weak position before any downturn that may be coming, according to a...
sharia-compliant motor insurance launched by NBO

NBO shareholders approve bank’s capital raising proposal

National Bank of Oman (NBO) held its Extraordinary General Meeting (EGM) with shareholders at the bank’s Head Office in Athaiba, recently for the approval...
saudi aramco; pipeline expansion plans

Saudi Aramco asks banks to bid in what could be world’s largest IPO

In what could be the world’s biggest IPO, Saudi Aramco has formally asked major banks to bid for potential roles in its planned initial...
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Central Bank of the UAE Publishes Financial Stability Report for 2018

The Central Bank of the UAE (CBUAE) publishes its 2018 Financial Stability Report (FSR). The FSR provides relevant information, financial data, and stability assessments...
Abu Dhabi Commercial Bank

Abu Dhabi Said in Talks to Form 2 Banks in Three-Way Merger

Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter. Under plans being...