Browsing: assets

Tech mogul Elon Musk has vowed to seek the seizure of Brazilian government assets in the US if Brazil does not return property belonging to his companies X (formerly Twitter) and Space X.

Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. 

Saudi Arabia’s National Development Fund has appointed Northern Trust to manage over SR60 billion ($16 billion) in assets

The scheme aimed to allow both Russian and foreign investors to free up funds immobilized by Western sanctions

ABU DHABI: The foreign assets of the UAE Central Bank (CBUAE) increased by 2.55 percent during April, reaching AED 750.29 billion at the end of the month, compared to AED 731.62 billion at the end of March.

Washington and its allies could give Kiev a loan based on profits from blocked funds, Treasury Secretary Janet Yellen has said

The “weaponization” of the US dollar through the seizure of frozen Russian assets could prompt a global shift away from the greenback, Bloomberg reported on Wednesday, citing a former International Monetary Fund (IMF) official.  

Russia’s financial stability will not be affected if the US seizes its frozen assets, Bank of Russia Governor Elvira Nabiullina told journalists on Friday.

A court ruling supported the lawsuit filed by state bank VTB, which seeks to recover funds blocked under Western sanctions

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed.