Browsing: Banking

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.

Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters.

RIYADH: Global banking firm Mizuho Financial Group has begun the process of establishing its regional headquarters in Riyadh by submitting an application to the Kingdom’s Ministry of Investment. 

RIYADH: A robust oil and gas sector, high interest margins, and fintech innovation will help drive banking sector growth across the Gulf Cooperation Council region in 2024 and beyond, according to a new report.

A Russian court has ordered Italy’s UniCredit bank to pay €448.2 million ($479.44 million) over an aborted joint venture between Russian energy major Gazprom and Germany’s Linde, according to a court document.   

The Central Bank of the UAE has revised the inflation forecast for the country this year to 2.3%, down from its previous projection of 2.5%.

RIYADH: The foreign currency reserves and liquidity of the Qatar Central Bank soared by 3.96 percent year-on-year, reaching 249.165 billion riyals ($68.4 billion) in May 2024, compared to 239.664 billion riyals in the same period last year.

RIYADH: Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed. 

Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed…

RIYADH: Saudi Arabia’s top 10 listed banks saw their earnings surge by 8 percent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year.