ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
Company News
EDB, ADCB ink pact for UAE SMEs
Business
Britain fines Santander US$132m
Business
HSBC sells Canada ops for $10bn
Business
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IMF chief calls upon global community to avert a ‘second Cold War’
Countries must do more to avert the costly consequences of growing global trade fragmentation, and help avert a "second Cold...
Economy
Economic crisis, Ukraine war impact Arab currencies
The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while...
Economy
Switzerland to probe what led to Credit Suisse collapse
The economy committee of the National Council, the lower house of parliament, asked the government for an analysis of the...
Business
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Business
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...
- The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
- "I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
Opinion
Embracing the future: Why Biden’s banking regulation push needs to include digital financial institutions
In an age driven by rapid innovations, more people are turning to fintech and digital banking solutions as traditional banking...
- The Biden administration's push for tighter banking regulations is well-intentioned but must include a focus on digital banking to keep pace with rapid tech innovations
- As more people are turning to fintech and digital banking solutions, the US government risks falling behind in a fast-changing sector by focusing only on legacy banks
Business
Rising rates boost GCC banking sector’s net margin
The region's banking sector thrives in Q4-2022 with NIMs at multi-year highs and strong lending growth despite global banking crisis,...
- The region's banking sector thrives in Q4-2022 with NIMs at multi-year highs and strong lending growth despite global banking crisis, highlights a report
- The ongoing banking sector crisis in the US and Europe has limited impact on the region as GCC banks' exposure to these parts of the world remains minimal