Browsing: Banking

DIFC has fined OCS International Finance Ltd AED 2.64M, and CEO Christian Thurner must pay an additional AED 682,631 after a 30% settlement discount.

Abu Dhabi Commercial Bank (ADCB) is divesting its banking portfolio in India to DCB Bank,…

The Association of Chartered Certified Accountants (ACCA) is pleased to announce the appointment of  Kush…

Central Bank of the UAE has levied a financial penalty on a bank operating within the country after discovering breaches of regulations and compliance standards.

The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dhs5 million…

Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) today, which will feature four separate issues of Treasury bonds.

Net international reserves in the UAE’s banking sector rose by 8.1%, or AED 92.3B, in H1 2024, reaching AED 1.238T by June’s end, compared to AED 1.145T in June 2023. The Central Bank’s June bulletin showed it held AED 769.7B of these reserves, a 14.3% rise from AED 673.42B at 2023’s end, while reserves of other banks reached AED 468.13B.

Central Bank of the UAE (CBUAE) reported that gross banks’ assets, including bankers’ acceptances, increased by 0.5% from AED 4.287T in May 2024 to AED 4.310T in June. Gross credit also rose by 1.1%, driven by a 0.8% increase in domestic credit and a 2.9% rise in foreign credit.

Bank of Sharjah has successfully priced a $500M senior unsecured bond in international markets. The issuance attracted significant interest from global investors, reaching an order book of $1.4B, nearly three times oversubscribed.

Saxo Bank, a prominent multi-asset trading and investment firm with operations in the UAE and…