Browsing: Banking

A Dubai billionaire has urged for banks to remain open during lengthy holidays, citing the “direct harm” caused to customers and the commercial sector by their closure.

Emirates NBD has introduced a new premium credit card service for account holders with balances above $136,000, offering free golf, beach, and spa access to customers.

Russia’s overseas debt fell by $12.8B, or 4.1%, to $304B in the first quarter of 2024, according to a statement on the Central Bank’s website.

Saudi Arabia tops the latest Forbes ranking of the most valuable banks, boasting 10 entries valued at $279.50B (AED 1T).

Bank of Japan Governor Kazuo Ueda stated on Tuesday that the central bank would consider further reducing monetary stimulus if the country’s underlying inflation rate approaches the 2 percent target, as anticipated by Japanese news agency Kyodo News.

Commercial Bank International (CBI) has revealed its investment in zypl.ai, a fintech startup leading the way in applying generative AI in the lending sector

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.

First Abu Dhabi Bank (FAB) and Microsoft have entered into a strategic business partnership to collaborate on the development of innovative AI-driven banking capabilities on a global scale.

Abu Dhabi, United Arab Emirates; 25 March 2024: The CEOs Consultative Council of UAE Banks…

In a significant move, Japan’s central bank, headquartered in Tokyo, has altered its interest rates. The Bank of Japan, operating in the world’s fourth-largest economy, raised its interest rate on Tuesday for the first time in nearly two decades.